The Government has clearly listened to concerns raised during the IR35 off-payroll consultation process and intends to exclude small businesses from the forthcoming rules for private sector business. However, what constitutes a small business?
Unless HMRC responds to calls from the construction industry and RSM, on 1 October the industry faces a perfect storm of VAT issues. The domestic reverse charge for the Construction Industry Scheme will be introduced along with the kick-off of Making Tax Digital for some organisations. The most recent announcement looks set to increase the cost of energy-saving measures.
HMRC is sending out 'nudge' letters to contractors in sectors where it believes there is a high risk of non-compliance with the current IR35 rules. This includes the pharmaceuticals industry as GSK contractors found out recently. Could this latest activity be a prelude to a new disclosure facility or amnesty?
With a Cabinet Minister refusing to confirm that the Government will abide by the law, and HMRC accused by a Tribunal of abusing its powers in order to deliberately frighten a taxpayer, it’s not been a good month for the rule of law. What would happen if taxpayers similarly chose which tax demands to pay and which to ignore?
Now that the latest Government Expenditure and Revenue Scotland report has been published the annual debate of whether the fiscal position of Scotland could sustain itself has started up again; but what options would Scotland have if all powers were devolved?
On 27 June 2019, the UK became the first major economy in the world to pass laws to end its contribution to global warming by 2050. Tax will have a major role to play, but incentives are in a mess so the system will need a fundamental overhaul to even come close to meeting the net zero aspirations.
Faced with the demise of the traditional High Street and the rise of big tech companies such as Google, Amazon, Apple, and Facebook, the UK government has been planning a digital services tax to level the playing field. Will France’s commitment to, if necessary, refund part of its digital services tax scupper the UK’s efforts?
A recent First Tier Tribunal decision has ruled that the procedures undertaken by health clinic Skin Rich Limited (SRL) were cosmetic in nature and were not exempt as either medical care or, given they were not regarded as a regulated clinic, as qualifying services provided by a hospital or similar institution.
If UK-based organisations needed a spur to accelerate preparations for a no-deal Brexit, then the release of the Operation Yellowhammer dossier over the weekend may prove to be that moment. While time is short, it is not too late to take some practical steps to reduce any disruption arising from a no-deal, at least as it pertains to VAT.
He perhaps does not realise it, but Elon Musk could be one of the surprise beneficiaries of a no-deal Brexit. The leaked ‘Operation Yellowhammer’ report predicts that Government plans for 0 per cent import tariffs could lead to oil refinery closures, job losses, strikes and disruption to the availability of fuel. In contrast, substantial tax benefits are coming in from April 2020 for electric cars so could it be time for businesses and employees to consider putting in an order?