15 September 2020
This week's articles are 'Could the Chancellor’s CGT plan backfire?', 'More difficulties created by the Trust Registration Service', 'HMRC seeks backdated VAT on early termination fees and compensation payments', 'CJRS Enforcement ', 'HMRC CJRS U-turn could result in many claims being miscalculated', 'Government’s duty-free shopping cutbacks have angered retailers' and 'HMRC’s information gathering powers are expanding further'.
15 September 2020
As a result of the requirements laid down by the Fifth Money Laundering Directive, the pre-existing Trust Registration Service (TRS) (which had already been beset with technical issues since its introduction) was considered inadequate. Following a welcomed consultation on the matter, HMRC created a new ‘micro-service’ Trust Registration Service, but is it working?
16 September 2020
With the end of the transition period on 31 December 2020 the UK financial services (“FS”) sector must prepare for life outside the EU’s single market on 1 January 2021.
09 September 2020
We discuss the various benefits of VAT training to help businesses retain watertight control over VAT processes.
08 September 2020
Anyone can provide tax advisory services, with no requirement for qualifications or experience. Plans are being mooted to increase regulation to improve the protection of taxpayers.
08 September 2020
This week's articles are 'Grants to complete customs declarations after Brexit: will you be ready in time?', 'The CJRS corrections clock is ticking', 'Will the UK Government’s new tax on plastic packaging make a difference?', 'Northern Ireland: Government denies it is about to renege on its customs agreement with the EU' and 'When is a tax adviser not a tax adviser?'
02 September 2020
The tax gap is HMRC’s estimate of the difference between the tax which should be paid, and the tax that is actually paid. It is a key factor in determining tax policy. It is therefore surprising to learn that US calculations of non-disclosure percentages are currently used to calculate the UK tax gap. The radical differences between the UK and US tax systems suggest this must distort the results.
02 September 2020
This week's articles are 'New £15 billion VAT refund scheme for NHS and central government could impact net funding and supporting businesses', 'Why are US figures used in the algorithm which calculates the UK tax gap?', and 'Will employers terminate their gig economy workforce first with no redundancy pay?'.
Associate Director
Stephanie is an Associate Director and heads up the Southampton Private Client team.
25 August 2020
This week's articles are 'R&D tax relief reforms risk stifling innovation in small firms', 'Who pays the tax bill anyway? Well-intended tax schemes often penalise consumers', 'Free money! Children’s Trust Funds begin to mature', and 'HMRC is back and focusing on people with offshore investments'.
