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Updated calculator on calculating holiday entitlement

The Government has published a revised holiday entitlement calculator, intended as a temporary
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New advisory fuel rates published

Advisory fuel rates are intended to reflect actual average fuel costs and are updated quarterly.
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Loss of tax personal allowance

If your income is expected to exceed £100,000 for the first time, we would like to remind you
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Child Benefit tax charge

The High Income Child Benefit tax charge could apply to you or your partner if either of your
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Shared parental leave entitlements

The shared parental leave and pay rules offer working parents’ far greater choice as to how
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Tax Diary December 2019/January 2020

1 December 2019 - Due date for Corporation Tax payable for the year ended 28 February 2019. 19
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Basic tax considerations if you come to work in the UK

If you come to live in the UK there are basic tax considerations that you will need to observe.
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Using your own vehicle for work?

If you are an employee and use your own money to buy things you need for your job, you can
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Avoiding tax scams

Fraudsters are continuing to target taxpayers with scam emails in advance of the 31 January
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Affected by the recent floods?

The Government has put a number of emergency flood measures in place to help those affected by the
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Christmas bonuses

Any Christmas bonuses / gifts paid in cash to employees, by employers, are almost invariably
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Winter Fuel Payment and tax

The Winter Fuel Payment is a tax-free and provided by the Government to help older people keep warm
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Emergency flood relief measures

The Prime Minister has announced that households and businesses that have been significantly
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Capital Gains Tax changes for property disposals

A number of significant changes to the way Capital Gains Tax (CGT) is reported and paid come into
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Final reminder to sign up for Help to Buy

The Help to Buy ISA scheme will close to new savers after 30 November 2019. If you are interested
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Employing staff for the first time

There is a multitude of rules and regulations that you must be aware of when you start employing
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Increase in National Living Wage?

An independent review into the evidence on minimum wage rates has been published by the government.
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Transfer of business as a going concern

The transfer of a business as a going concern (TOGC) rules cover the VAT implications when a
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Interest on children’s savings

All children in the UK have their own personal annual tax allowance. However, anti-avoidance laws
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Employing someone to work in your home

When you employ someone to work in your home, it is your responsibility to meet the employee's
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What is a negligible value claim?

A negligible value claim is a claim made by a taxpayer when an asset they own has become of
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Finance Bill 2019-20 shelved

The Government’s draft finance bill has been shelved as we countdown to the general election
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Tax Diary November/December 2019

1 November 2019 - Due date for Corporation Tax due for the year ended 31 January 2019. 19 November
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Using the cash basis for property businesses

The cash basis scheme helps sole traders and other unincorporated businesses benefit from a simpler
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Costs you can claim against your self-employed business

If you are self-employed it is important to be aware if an expense is allowable for tax deduction
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What you must do when charging VAT

When you issue a VAT invoice to your customer, you must ensure that you charge the correct rate of
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Just under 100 days to go

HMRC has published a news release to remind you that there is now less than 100 days to file your
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Coding out debts deadline

You can have tax underpayments collected via an adjustment to your PAYE tax code, provided you are
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November Budget cancelled

Sajid Javid has cancelled the Budget that was due to be presented to Parliament 6th November. As
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Lump sums paid in continuing employment

A lump sum payment can sometimes be made in lieu of all or part of an employee’s salary,
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Tax implications for construction industry

If you run a construction business and secure the services of sub-contractors, or if you are a
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What is a reasonable excuse?

There are a number of options if you find yourself in disagreement with a tax decision issued by
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Win while you save

HM Treasury has announced the trial launch of a new PrizeSaver account with participating credit
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31 October paper Self-Assessment filing deadline

The 2018-19 tax return deadline for submitting your paper Self-Assessment returns is 31 October
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What does the Queen’s Speech mean for employment law?

The Queen’s Speech 2019 outlined several Brexit-related Bills, including an Immigration and
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Tax if you return to the UK

There used to be a form that had to be completed advising HMRC if you were returning to live in the
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Who is eligible for 10% tax on business sale?

Entrepreneurs' Relief (ER) can be valuable relief when selling your business, your shares in a
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National Living/Minimum Wage entitlement

A reminder that the current National Minimum Wage (NMW) and National Living Wage (NLW) rates came
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New £20 note unveiled

The Governor of the Bank of England, Mark Carney, has unveiled the design of the new £20 note
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When overseas companies need to register at Companies House

An overseas company must register with Companies House if they want to set up a place of business
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Overdrawn directors’ loans

An overdrawn Director’s Loan Account is created when a director (or other close family
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What is Capital Gains Tax incorporation relief?

If you own a business as a sole trader or in partnership, a Capital Gain will arise if your
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What is the Inheritance Tax residence nil rate band?

The Inheritance Tax residence nil-rate band (RNRB) came into effect on 6 April 2017. The RNRB is a
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Changing your company’s year end

There are special rules in place which limit your options to change your company’s year-end
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Gifts to spouse or charity

There is usually no Capital Gains Tax (CGT) to be paid on the transfer of assets to a spouse or
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Changes to off-payroll working from April 2020

The rules for individuals providing services to the public sector via an intermediary such as a
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Making a loss when you sell your home?

One of the most often used and valuable of the Capital Gains Tax (CGT) exemptions is Private
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Residential landlords’ tax changes complete April 2020

The tax relief on finance costs used to buy investment properties is being gradually restricted to
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Post Brexit funding announced

The Chancellor is set to announce a new package of measures to help the UK prepare for a
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Brexit and VAT Mini One Stop Shop

HMRC has confirmed that after Brexit, you will not be able to use the UK’s VAT Mini One Stop
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Brexit and making an EU VAT refund claim

The VAT paid in other EU countries is often recoverable by VAT-registered businesses in the UK, who
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Tax for provision of parking spaces

There are some important rules to be aware of if you provide parking spaces to your employees. If
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To-do list if selling your business

If you are selling your business, there are some important actions you must take in order to
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NIC after State Pension Age

If you have reached the State Pension age and continue to work in most cases, you no longer need to
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Tax Diary October/November 2019

1 October 2019 - Due date for Corporation Tax due for the year ended 31 December 2018. 19 October
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IHT and lifetime transfers

There are special rules concerning the liability to IHT of a transfer made during a person's
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Don’t miss your company accounts filing deadline

Companies House has issued a press release to remind companies to keep on top of their filing
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Tax relief for private pension contributions

You can claim tax relief for your private pension contributions. The annual allowance for tax
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Reporting changes that affect Child Benefits

You must notify HMRC of certain changes to family life. For example, a change in your child’s
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Shared parental leave and pay

The shared parental leave and pay rules offer working parents far greater choice as to how they
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New checker tool to help businesses prepare for Brexit

The government has launched a “Get ready for Brexit” public information campaign to
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Immigration rights of EEA citizens in the event of a no-deal Brexit

The Government has now announced the revised transitional arrangements that will apply in the event
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Reporting employee changes

There are rules that businesses must follow when they are reporting employee changes. These changes
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Planning a Christmas party?

Now is the time that many businesses are planning a Christmas celebration for staff as well as
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What is the Annual Investment Allowance?

The Annual Investment Allowance (AIA) is a generous tax relief that was first introduced in 2008.
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Get information about a company

There is a significant amount of information that can be obtained from Companies House. Companies
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Merchandise in Baggage in case of no-deal Brexit

There are special customs requirements for commercial goods or samples which are imported or
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State Pension update for recipients living in the EU

If you live or move abroad, you are entitled to claim the State Pension if you have met the
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Help to Save accounts

The Help to Save scheme can help those on low incomes to boost their savings. The scheme was
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Filing deadlines for a company confirmation statement

As well as filing accounts with Companies House, there is a further requirement to check that the
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Filing deadlines for company accounts

The normal deadline for filing private limited company accounts is 9 months after the
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Government to end free movement if a no-deal Brexit

If the UK leaves the EU without a deal in place on 31 October 2019, EU, EEA and Swiss citizens (and
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VAT changes for CIS Sub-contractors

Important changes to the VAT rules for building contractors and sub-contractors are coming into
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Deregistering for VAT

A compulsory VAT deregistration is usually required if you: Stop making taxable supplies Sell
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How dividends are taxed

The dividend tax allowance was introduced in April 2016. It replaced the old dividend tax credit
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Do you trade with EU companies?

The new Chancellor, Sajid Javid, has stepped up plans to help ensure businesses are ready to trade
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When are scholarships taxable as benefits?

The holder of a scholarship is exempt from a charge to Income Tax on income from a scholarship when
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PAYE late filing penalties

There are late filing penalties in place for employers that don’t report payroll information
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When can you increase your rental income?

The ability to increase the rent on private rentals is driven by the tenancy agreement. This is an
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Tax if you work abroad

If you are leaving the UK to work abroad for at least one year (or permanently), there is a
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National Insurance if you work abroad

If you move abroad, it can often be advantageous to continue paying your UK National Insurance
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When are Class 1A NICs due

Class 1A NICs are paid by employers in respect of most benefits in kind provided to employees, for
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VAT and insurance claims

Insurance transactions are generally VAT exempt. However, there are many issues that can arise
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Child Benefit charge if income exceeds £50,000

The High Income Child Benefit charge (HICBC) applies to a parent whose income exceeds £50,000
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When you can claim back VAT on purchase of a car

There are complex VAT rules that determine the amount of VAT that can be recovered when purchasing
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What you can do with your pension pot

Pension Wise is a free government service that was launched in 2015 to help provide individuals
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Working after State Pension age

There are many taxpayers that have reached the State Pension age and continue to work. It should be
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Clients exporting to EU if a no-deal Brexit

If the UK leaves the EU without a deal, any UK business that exports goods to the EU will be
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Last chance to join the Help to Buy ISA scheme

The Help to Buy ISA scheme will close to new savers after 30 November 2019. This leaves less than 4
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Visiting EU after 31 October 2019

Although we have a new Prime Minister, it would seem that so far nothing has changed to bring us
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Lowest paid to be eligible for sick pay

A new consultation launched jointly by the Department for Work and Pensions and the Department of
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Tax Diary August/September 2019

1 August 2019 - Due date for Corporation Tax due for the year ended 31 October 2018. 19 August
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The Pensions Regulator launches new re-enrolment tool

Every three years, employers must put certain eligible workers who have left their automatic
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Applying to register a trade mark

The process of registering a trade mark can be very complex, and careful due diligence must be
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Employing family, young people and volunteers

When a new employee is added to the payroll it is the employers' responsibility to ensure they
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Tax free gifts to spouse or charity

As our readers are most likely aware there is usually no Capital Gains Tax (CGT) due on the
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ICO issues notices of intention to fine BA and Marriott

Following an extensive investigation, the Information Commissioner’s Office (ICO) has
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Tax simplification for self-employed

The Office of Tax Simplification (OTS) was established in July 2010 to provide advice to the
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