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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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Be wary of 60% Income Tax charge

For high earning taxpayers the personal allowance is gradually reduced by £1 for every
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Will you have to repay Child Benefit for 2018-19?

The High Income Child Benefit charge applies to taxpayers whose income exceeds £50,000 in a
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Reminder to sign up for Making Tax Digital before August

VAT registered businesses with a turnover above the VAT threshold, need to be ready to keep digital
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OpRA’s defined

The Optional Remuneration Arrangements (OpRA) legislation was introduced with effect from 6 April
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Disposal of goodwill – capital or income

The First-Tier Tribunal (FTT), in the case of Villar v Revenue and Customs examined whether the
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When you can’t reclaim VAT

For most fully taxable businesses, VAT can be reclaimed on goods and services used in the business.
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Its still possible to claim 100% tax allowance for electric vehicles

First Year Allowances (FYA’s) are available for expenditure on new unused electric vehicles
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Home to work travel that may be allowed

Whilst there is usually no tax relief for ordinary commuting - home to work - there are a number of
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Tax payment time again

If you make Self-Assessment payments on account, you will no doubt be aware that the second
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Advising HMRC of changes in your personal details

If your personal details change, you may be required to notify HMRC as this can affect your
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Reducing penalties for late disclosure of income

You can use the Digital Disclosure Service (DDS), if you need to make a voluntary disclosure of
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New cyber security guidance published

The National Cyber Security Centre (NCSC) has published guidance to help small to medium sized
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Tax Diary July/August 2019

1 July 2019 - Due date for Corporation Tax due for the year ended 30 September 2018. 6 July 2019 -
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Disguised remuneration schemes

Loans schemes also known as disguised remuneration tax avoidance schemes have been used by some
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Claiming Entrepreneurs’ Relief when selling your business

Entrepreneurs' Relief (ER) can be a valuable relief when selling your business, your shares in
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Who should register for self assessment?

There are a number of reasons why a taxpayer is required to complete a self assessment return. This
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How ISAs work

An ISA is a tax exempt savings account available to UK residents. Whilst the amount invested in an
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2020 May bank holiday will be moved to mark 75th anniversary of VE Day

The government has announced that the date of next year’s early May bank holiday is to move from
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Selling the family heirlooms

There are special rules concerning the payment of Capital Gains Tax (CGT) on the sale of personal
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The tax consequences of social events

The cost of a staff party or other annual entertainment is generally allowed as a deduction for tax
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Gifts with strings attached

The majority of gifts made during a person's life are not subject to tax at the time of the
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Genuine HMRC messages

HMRC has issued an updated version of their online guidance on Genuine HMRC contact and recognising
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Free television licences scrapped for over-75s

The TV licence fee has not been payable by those aged 75 or over since 2001. During 2015, the
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HMRC blocks phone fraudsters

Fraudsters have been blocked from using HMRC’s most used helpline numbers after the
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HMRC cancels penalties charged to 6,000 families

The High Income Child Benefit Charge (HICBC) was introduced in January 2013 and applies a charge to
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On your e-bike

The Cycling Minister, Michael Ellis, has announced a number of changes to the Cycle to Work scheme
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What records must a VAT trader keep?

There are distinct rules that VAT registered businesses must follow when keeping VAT records. This
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New crackdown on funeral plans

The government has announced new plans to crackdown on high pressure and bullying tactics to sell
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Working tax credits you could claim

The Working Tax Credit (WTC) is designed to help taxpayers on low incomes by providing top-up
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Working from home allowance

If you are self-employed and running a business from your home, there are simplified arrangements
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Working past retirement age

There are many taxpayers who have reached the State Pension age and continue to work. In most cases
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Company Unique Taxpayer References

The Company Unique Taxpayer References (UTR) is the primary identifier for the company and should
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Not sure if you need to submit a tax return?

There are a number of reasons why you may need to register with HMRC to submit a tax return. This
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Have you adopted the new minimum wage rates?

The new National Minimum Wage (NMW) and National Living Wage (NLW) rates came into effect on 1
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Deadline to reduce taxable benefits

Employees can often reimburse their employers for benefits provided in order to lessen their
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Tax Diary June/July 2019

1 June 2019 - Due date for Corporation Tax due for the year ended 31 August 2018. 19 June 2019 -
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Pre-trading expenses for a rental business

There are special rules for the pre-trading expenses of a rental business. If the expenses were in
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VAT Margin Scheme on sales of vehicles

A Margin Scheme is an optional method of accounting which allows certain businesses to calculate
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Reasonable excuses for late payment or filing

There are a number of options open to taxpayers who disagree with a tax decision issued by HMRC. As
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Claim for money owed to you

If you are owed money by an individual or business, there is a procedure you can use called making
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Less is more – MTD regulations relaxed

Starting from April 2019, most VAT-registered businesses that have a taxable turnover over
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The scope of CGT incorporation relief

Where a taxpayer owns a business as a sole trader or in partnership, a Capital Gain will be deemed
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Entrepreneurs’ relief minimum period increased from April 2019

Entrepreneurs' relief applies to the sale of a business, shares in a trading company or an
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CGT and chattels

A charge to Capital Gains Tax (CGT) usually arises after an asset is sold. However, there are
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Tax on a private pension you inherit

Private pensions can be an efficient way to pass on wealth, but it is important to consider what,
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Want to pay-off your student loan in full?

Student Loans are part of the government’s financial support package for students in higher
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How to treat post-cessation items if property business ceases

There are special rules for the taxation of post-cessation receipts after a trade has ceased. The
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Chargeable benefits from cheap loans

An employee can obtain a benefit when provided with an employment-related cheap or interest-free
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Child benefit payments

The weekly rates of child benefit for the only or eldest child in a family is currently
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Last call, are you ready for revised digital filing of your VAT returns?

Most VAT registered businesses with a turnover above the VAT threshold need to be ready to keep
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Submitting P11Ds is just the start of your obligations

We would like to remind employers that the deadline for submitting the 2018-19 forms P11D, P11D(b)
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Landlords, time to consider your options?

Two changes to the way Private Residence Relief works are due to come into effect from April 2020.
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NICs and termination payments

The National Insurance Contributions (NICs) Bill was introduced into Parliament on 25 April 2019.
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Renewing your tax credit claim

Families and individuals that receive tax credits should ensure that they renew their tax credit
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Beware Limited Cost Test if you use the VAT Flat Rate Scheme

The VAT Flat Rate Scheme (FRS) has been designed to simplify the way a business accounts for VAT
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Will your gift aid donations create a tax bill?

The Gift Aid scheme is available to all UK taxpayers. The charity or Community Amateur Sports Clubs
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What is business relief for Inheritance Tax purposes?

Inheritance Tax (IHT) is levied on a person’s estate when they die and can also be payable
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Tax Diary May/June 2019

1 May 2019 - Due date for Corporation Tax due for the year ended 30 July 2018. 19 May 2019 - PAYE
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VAT and transfer of business as a going concern

The transfer of a business as a going concern (TOGC) rules concern the VAT liability on the sale of
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Dealing with property income losses

Where a property business makes a loss, the loss can usually be carried forward and set against
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How to register as self-employed

Are you self-employed? HMRC’s guidance says that you are probably self-employed if
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Maternity pay explained

How much maternity leave can you take? If you work as an employee and become pregnant you are
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More about Debt Relief Orders

Last week we posted that it is over 10 years since Debt Relief Orders (DROs) were first introduced
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Let Property Disclosure Campaign

The Let Property Campaign provides landlords who have undeclared income from residential property
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Welsh Income Tax takes effect

The start of the 2019-20 tax year marked a fundamental change to the way Income Tax is calculated
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Job related expenses you can claim against your tax

If you are an employee and use your own money to buy things that you need for your job, you may be
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Estate Agents targeted

HMRC has launched an unannounced crackdown on money laundering regulation non-compliance by estate
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Tenth anniversary of first Debt Relief Order

Debt Relief Orders (DROs) were first introduced in April 2019. The DROs assist people who have
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New guidance on the impact of Brexit on workplaces

Acas has published new general guidance to assist employers and employees in understanding the
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Right to work checks for EU nationals after Brexit

The government has published new guidance which confirms that, once the UK leaves the EU and
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Capital expenditure for property businesses

There are different rules which apply to different types of capital expenditure for a property
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Child Benefit Tax Charge

The High Income Child Benefit charge applies to taxpayers whose income exceeds £50,000 in a tax
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Latest advice from government if we leave the EU

Although the EU have now extended the deadline to agree the withdrawal agreement - to 31 October
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Dormant assets scheme expanded

Under the current scheme, banks and building societies transfer the money held in dormant accounts
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VAT Fuel Scale Charges

The new VAT road fuel scale charges have been published. The changes amend the VAT scale charges
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The meaning of trade for tax purposes

Interestingly, there is no statutory definition of ‘trade’. The only statutory reference to the
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Corporation Tax loss relief for losses carried forward

Corporation Tax relief may be available where your company or organisation makes a trading loss.
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Minimum wage increases come into effect

The new National Minimum Wage (NMW) and National Living Wage (NLW) rates came into effect on 1
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When do you have to register to submit a tax return?

There are a number of reasons why you may need to register with HMRC to submit a tax return. This
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Early birds get time to pay

The 2018-19 tax year ended on 5 April 2019 and the new 2019-20 tax year started on 6 April 2019.
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Getting tax relief sooner for charitable donations

If you are a higher rate or additional rate taxpayer, you are eligible to claim relief on the
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Employment law changes taking effect in April 2019

The National Minimum Wage (NMW) and National Living Wage (NLW) rates will increase from 1 April
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