Tax voice - September 2020

The latest edition of tax voice outlines a range of tax saving issues including correcting CJRS mistakes and reviewing personal taxes with a focus on taking action now

Promising signs of R&D reform for a digital age

18 September 2020

Following the Governments third consultation on research and development (R&D) tax reliefs of 2020 in early July, we explore the promising signs to bring the regime into the current digital age.

Off-payroll/IR35 rules: the basics from April 2021

18 September 2020

We give a brief overview of the steps required for organisations to comply with the new Off-payroll/IR35 rules from April 2021.

Correcting CJRS mistakes: the clock is ticking

18 September 2020

Employers are advised to go back and check earlier coronavirus job retention scheme (CJRS) claims and correct any mistakes within the appropriate time frame.

All change for CGT?

18 September 2020

In July, the Chancellor wrote to the Office of Tax Simplification (OTS) asking it to, ‘to undertake a review of capital gains tax (CGT) and aspects of the taxation of chargeable gains in relation to individuals and smaller businesses.’ In response, the OTS has been gathering evidence, asking for detailed comments to be submitted by 12 October 2020.

HMRC extends VAT relief for charities to some digital campaigns

18 September 2020

Following recent representations by the Charity Tax Group (CTG), HMRC has agreed to amend its policy on the VAT treatment of online charity advertising. Information on HMRC's new policy was published on 8 September and we suggest that affected advertisers and charities should consider their position carefully.

Personal Taxes – take action now while rates are low!

18 September 2020

With the UK’s level of borrowing this year expected to be almost seven times more than last year, at around £350bn, a cut in Government spending (eventually) and tax rises (sooner) seems inevitable.