Tax voice - 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.

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.

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.

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.