Ideas and insights

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Help with IFRS 15 disclosures
Paul Merris

20 November 2019

An overview of the FRC’s thematic review of IFRS 15 aimed at helping companies to improve disclosures in the future. It also highlights the areas of focus that the FRC will monitor as the standard continues to be embedded.

Good Work Plan
Carolyn Brown

The Government has presented its Good Work Plan – a vision for the future of the UK labour market, putting improving the quality of work in the UK at its heart. This is the post-Consultations legislative proposal response to the Taylor Review on Modern Working Practices report, published in July 2017 and the government’s own Industrial Strategy published in November 2017.

Political permutations – Conservative and Labour tax policy

16 November 2019

Both the Conservative and Labour parties have radically different views on taxation policy, but the two main UK political parties have shared a set of basic assumptions for many years – a consensus set to end at the next election.

A tax-free Christmas?

16 November 2019

Whilst Christmas can be an expensive time of year, staff events around this time can be tax free, adding a bit of cheer. They may be included in the annual tax exemption of up to £150 per person where all staff are invited.

Update on HMRC’s profit diversion compliance facility

16 November 2019

HMRC launched the profit diversion compliance facility in January 2019 to tackle the perceived continued diversion of profits away from the UK.

HMRC compliance activity: Would you PAYE it?

16 November 2019

HMRC interventions covering PAYE, employee income tax, National Insurance contributions (NIC), pay and benefits can now range from enquires by letters to onsite reviews, with methods having developed over time.

Making tax digital for VAT update - complex businesses now in scope and digital link deadlines may be extended

16 November 2019

Most UK VAT-registered organisations should, by now, have begun to account for VAT in compliance with the making tax digital for VAT (MTDfV) rules. However, HMRC has allowed a six-month extension to a minority of complex organisations.

Tax voice - November 2019

16 November 2019

This month's tax voice looks at the tax permutations of the labour and conservative parties, how to achieve a tax-free Christmas for your workplace and an update on HMRC’s profit diversion compliance facility.

Could the 1956 UK / India Estate Tax Treaty help you with your estate planning?
Sophie St John

14 November 2019

Some individuals of Indian origin may find they can benefit from the 1956 double tax treaty between the UK and India (the Treaty); a treaty which after more than six decades still remains in place.

Generating savings by restructuring private fuel benefits
Mark Morton

12 November 2019

Company cars and fuel benefits are a common and effective means of incentivising staff. It is important to realise that you can also generate savings through the effective restructuring of private fuel.