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Government’s draft IR35 legislation contains important changes - August 5, 2019
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After much anticipation, the Government has now published its draft legislation for the off-payroll working (IR35) rules, which will be enforced in the private sector from 6 April 2020. The latest policy… |
Construction businesses only have weeks left to prepare for the VAT reverse charge - August 5, 2019
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Businesses in the construction industry now have only a matter of weeks left to prepare for the new VAT domestic reverse charge regime. These new rules will be enforced from 1 October 2019, significantly… |
HMRC outlines changes to Capital Gains Tax treatment on second homes - August 5, 2019
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From April 2020, the date at which Capital Gains Tax (CGT) must be paid on a second home property disposal is changing. After this date, taxpayers will only have 30 days to file their return and make an… |
Summer childcare costs cooldown with Tax-Free Childcare - August 5, 2019
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The Government wants to remind working parents that they could be entitled to up £2,000 per child per year to help with the costs of childcare, including regulated holiday clubs during the school holidays…. |
Employment Allowance to be restricted from next year - August 5, 2019
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At the moment businesses and charities of all sizes can benefit from Employment Allowance. However, from the start of the new tax year in April 2020, the allowance will only be available to employers with… |
Principal Private Residence Relief and Lettings Relief changes due in April 2020 - August 5, 2019
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The start of the next tax year in April 2020 will see key changes come into effect in respect of Principal Private Residence Relief (PPR) and Lettings Relief, both of which can be used to soften the impact… |
New figures show that a quarter of estates paying Inheritance Tax (IHT) are investigated by HMRC - August 5, 2019
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The response to a Freedom of Information (FoI) request has revealed that as many as one in four estates that are liable for IHT are investigated each year. In 2018-19, more than 5,500 investigations were… |
Remember to pay the annual data protection charge - July 9, 2019
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Businesses across the UK are being reminded that, if they process personal data, they are subject to a legal requirement to pay the Information Commissioner’s Office (ICO) an annual data protection charge,… |
Incorporation no longer automatically resets the two year requirement for sole traders - July 9, 2019
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Entrepreneurs’ Relief (ER) entitles a business owner to significant relief from Capital Gains Tax (CGT) on the disposal of their business, often halving the consequent tax bill. To qualify for ER, the… |
Taxpayers’ bills delayed by payment on account errors - July 9, 2019
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The Association of Taxation Technicians (ATT) has revealed that problems with HMRC’s IT systems earlier this year, relating to calculations for payment on account, mean that some taxpayers will not receive… |
Latest News
Aug
After much anticipation, the Government has now published its draft legislation …
Read more…
Aug
Businesses in the construction industry now have only a matter of weeks left …
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Spring Statement 2019
On any other day, the Chancellor’s Spring Statement would have dominated the headlines...
