Off-Payroll Working Rules Going Ahead
The draft Finance Bill clauses issued for consultation on 11 July include legislation to extend the “off-payroll” working rules to the private sector from 6 April 2020.
Read full articleCGT, Residential Property & the New 30 Day reporting rule - Plan ahead to avoid the penalties
From April 2020, UK residents disposing of residential property in the UK who have capital gains tax to pay must report the disposal and make a payment on account of the tax due within 30 days of completion. This is a major change to the timing for reporting and payment, and coincides with the proposed introduction of restrictions to private residence and letting relief.
Read full articleMaking Tax Digital: Reminder re Deferred Start Date Letter
Have you received a notice from HMRC that your MTD for VAT start date has been deferred?
Read full articleMTD - Update from HMRC re submissions for Quarter End 30/06/19
HMRC have released an update regarding MTD submissions for Quarter End 30.06.19.
Read full articleOutlays - Have you got the VAT right?
In a recent Tribunal Case, Brabners LLP Vs HMRC, it ruled in favour of HMRC resulting in a firm of solicitors facing an unpaid VAT liability of almost £70k. The case centred on how the firm treated disbursements for VAT purposes. HMRC argued that costs incurred by a business in the course of supplying their services are not disbursements (non-vatable) but are instead recharges and will therefore attract output VAT.
Read full articleMake school holidays easier with tax-free childcare
Did you know that there is a government scheme available that can help contribute towards childcare costs ?
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