Weekly tax brief | 9 October 2019

Brexit delays VAT simplification
Philip Munn
The latest report from the Office of Tax Simplification reveals that, while there has been some progress on VAT reform, the bigger question around the VAT threshold remains unresolved.

Will more employers start putting contractors on the payroll?
Susan Ball
In recent weeks several major banks have reportedly told contractors that they will only employ them as 'on-payroll' from next year as they prepare for the IR35 rules which will apply to the private sector from April 2020. While care is needed over taking a blanket approach, businesses are right to prepare now as failure to do so could see key staff walking away. 

Could inheritance tax really be abolished?
Alex Foster
Last week both the Chancellor, Sajid Javid, and the Communities Secretary, Robert Jenrick, hinted at major changes to inheritance tax (IHT) – and potentially even its abolition – but is that really likely?