19 October 2019
HMRC has over recent months been piloting a new approach to the way it evaluates the tax risk profile of large businesses. The new business risk review encompasses a number of changes to assess risk and these changes will apply from 1 October 2019.
19 October 2019
Many businesses and individuals are receiving letters from HMRC requesting detailed information about subjects ranging from rental accommodation to the employment status of contractors. What’s going on, and how should you respond?
19 October 2019
Explore the immediate tax issues relating to VAT, customs duty and trade that an organisation can recognise in the event of a no-deal Brexit, and our advice on how to prepare for this outcome.
19 October 2019
HMRC has published a consultation paper and draft secondary legislation on the implementation of the EU mandatory disclosure rules as set out in Directive 2018/822, known as DAC6, requiring intermediaries, service providers and relevant tax-payers to notify HMRC of defined cross border transactions with effect from 1 July 2020.
19 October 2019
HMRC recently published guidance on the new IR35 rules from April 2020 but there was nothing practical in that on how to deal with payments to contractors where they are deemed employees. So how can employers prepare for April 2020?
19 October 2019
The construction sector is breathing a sigh of relief as HMRC announces a 12-month delay to the introduction of the domestic reverse charge for construction services. Businesses should make the most of the additional 12 months to prepare early for the changes.
16 October 2019
This week's articles are 'Budget 2019: will the Chancellor heed vital tax lessons from the financial crisis?', 'Pensions: what more can be done to help employees?', 'Will the Chancellor stage a Budget-day raid on Entrepreneurs’ Relief?' and 'How has HMRC’s Connect system increased high-income child benefit charge enquiries?'.
16 October 2019
A recent surge in High-Income Child Benefit Charge enquiries opened by HMRC shows that the tax department is successfully using the mountain of knowledge available in its ‘CONNECT’ computer system. Big Brother may indeed be watching you, and sending you tax bills, but recent court cases show that HMRC is not always correct. If you receive a HICBC tax demand, check it carefully before you pay.
16 October 2019
With the announcement of a new Budget on 6 November, the foreboding shadow of uncertainty looms once again over Entrepreneurs’ Relief and whether it will survive. As calls to scrap the relief continue to grow, could Chancellor Sajid Javid make the surprise manoeuvre of abolishing the relief; and what options are available to taxpayers to try and secure it in the meantime?
16 October 2019
Navigating the complex world of pensions is a challenge, but plans to launch a new dashboard will allow individuals to see their pensions portfolio online at the touch of a button. Can more be done to help employees?
