08 August 2019
The Government has issued a consultation paper on their proposals to charge an extra 1 per cent stamp duty land tax (SDLT) for non-resident purchasers of residential property. Find out how this could affect you.
30 July 2019
The Government believes the legislative changes will impact 170,000 individuals working through their own intermediary, such as a PSC. For these individuals, the deduction of tax and NI at source will have cash flow implications and, therefore, needs to be planned for.What do individuals need to consider?
The Government has confirmed that it intends to reform the off-payroll working rules (commonly known as IR35) from 6 April 2020. This change impacts an estimated 170,000 individuals who supply their services through an intermediary, such as a personal service company (PSC), and who would be deemed employed if engaged directly.
23 July 2019
Now that non-resident companies are subject to UK corporation tax on their capital gains, HMRC have published guidelines on how to register for corporation tax. Find out when to register and what may be expected.
05 July 2019
As of June 2019, the Government introduced a draft statutory instrument for the Structures and Buildings Allowance (SBA). The SBA is intended to encourage investment in the construction of new structures and buildings for commercial use.
18 May 2019
RSM is not immune to the general public excitement about a new royal baby, but aside from speculating about gender, names and birthing methods, our minds have turned towards thinking about the tax status of the new seventh in line to the throne.
24 April 2019
In March 2013, HMRC published a policy paper on offshore tax evasion, entitled ‘No safe havens’. The world today looks very different to 2013 and HMRC has published its updated policy accordingly, imaginatively rebranded as ‘No Safe Havens 2019’.
24 April 2019
A consultation document was released on 1 April with the Government’s proposed changes to private residence relief (PRR) following announcements in the 2018 Budget. The changes affect periods during which a home owner was not living in the property, reducing the amount of tax relief currently available.
09 March 2019
HMRC estimates that up to 50,000 individuals will become liable to pay income tax and National Insurance contributions on 5 April 2019 on outstanding loans related to employee and contractor ‘loan schemes’, involving employee benefit trusts and similar arrangements.