Weekly tax brief | 7 January 2020

Loan charge review – what should you do now?
George Bull and Jackie Hall
Just before Christmas, HMRC announced a package of relaxations and other changes to the loan charge. This came as a welcome gift to people worried about the tax bills they face. Our eager experts have ripped off the wrapping paper to work out what the changes mean and how they will work in practice. 

Your New Year tax resolutions
Chris Etherington
With a new year to look forward to, bringing with it fresh motivation to achieve new goals, it is a great time to consider what you might do differently. There’s not much time to waste though as the first important date in the diary is fast approaching with the 31 January tax return submission deadline.  What new years’ resolutions will you make to get your tax affairs in shape?

Government review of NHS pensions – what are the options?
James Gransby
The Conservatives pledged in their election manifesto that they would take measures to address the NHS pensions crisis. On 18 December they said that they would announce their solution on Budget day (11 March). What options could they be considering?

Surprise VAT decision could offer a financial bonus for membership bodies
Scott Harwood and Steve Hodgetts
A recent VAT ruling could potentially lead to a VAT windfall for the many not-for-profit membership organisations that offer their members periodic digital journals and similar e-content.