Tax voice - September 2019

This month's tax voice looks at whether death can be made simpler, the substantial delays to R&D cash back, retaining an EU presence post-Brexit and off-payroll worker changes from April 2020.

Brexit - retaining an EU business presence

20 September 2019

With a Brexit date of 31 October 2019 still the default position, many UK businesses will be considering setting up in another EU jurisdiction to maintain an EU presence. Besides commercial considerations, there will be tax consequences to consider.

Can death be made simpler?

20 September 2019

The current inheritance tax (IHT) regime is technical and complex. The Office of Tax Simplification’s (OTS) recent report proposes changes geared towards making the system simpler, with potentially significant implications – particularly for business owners and farmers.

It’s happening - off-payroll worker changes from April 2020

20 September 2019

The Government published the draft legislation aimed at reforming the operation of the off-payroll working tax rules , known as IR35. These Off-payroll worker changes from April 2020 will impact the public sector, private sector medium and large organisations and contractors.

R&D cash back – substantial delays

20 September 2019

Companies are experiencing considerable delays in HMRC's processing of payable R&D credit claims. These delays could impact on future investment by companies into further innovation, impacting companies’ financial results and the growth of the wider economy.