Blog

VAT – option to tax

There are special VAT rules that allow businesses to standard rate the supply of most
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Self-assessment filing deadline

The 2017-18 tax return deadline for taxpayers using a paper self-assessment return is 31 October
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Importing from non-EU countries

There are special rules for businesses that import goods from non-EU countries. Whilst most smaller
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The end of late payments by large organisations?

The government has been trying to combat the widespread issue of large businesses abusing their
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Company director imprisoned

A director of a company that manufactured security systems has been found guilty of two counts of
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Class 3 NICs

Class 3 National Insurance Contributions (NICs) are a voluntary contribution paid by those wishing
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Gift Aid donations for food and drink

The Gift Aid scheme is available to all UK taxpayers. The charity or Community Amateur Sports Clubs
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What are National Insurance credits?

National Insurance credits can help qualifying applicants to fill gaps in their National Insurance
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When do you pay Income Tax?

Income Tax, unsurprisingly, is a tax on income. To be more specific, it is a tax on the income of
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Charity filing deadline approaching

The Charity Commission has warned charities that the deadline for submitting the 2017 annual return
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Employer pension contributions

Employer contributions to any type of pension arrangement in a registered pension scheme are always
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Taxpayer wins appeal against filing penalties

The First-Tier Tribunal (FTT) recently heard a taxpayers appeal against penalties imposed for the
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Do capital gains affect tax credit claims?

There are special income eligibility rules for making tax credit claims. The amount and type of
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Late night taxis for employees

There is no specific requirement for employers to provide employees with transport home.
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Alert for VAT registered traders

The deadline for businesses with a turnover above the VAT threshold to keep digital records and
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Data protection in the event of a no deal Brexit

The government has published the second tranche in its series of technical notices providing
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Spotless but not tax deductible

The First-Tier Tribunal (FTT) recently heard three joined appeals that concerned the availability
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Childcare and compensation claims

The Tax-Free Childcare Scheme (TFCS) helps support working families with their childcare costs. The
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CGT record keeping

The annual Capital Gains Tax (CGT) exemption for individuals is £11,700 for 2018-19. A husband and
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Help-to-Save scheme launched

The new Help to Save scheme for people on low incomes was officially opened with effect from 12
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New bereavement allowance for parents

A new workplace right to paid leave for bereaved parents has been officially enshrined in law after
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Budget date remains to be confirmed

The Chancellor Philip Hammond, has stated before the House of Lords Economic Affairs Committee,
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Telephone advice a reasonable excuse

The First-tier Tribunal (FTT) recently heard an appeal against late filing penalties imposed on
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CGT Rollover Relief

Capital Gains Tax (CGT) Rollover Relief is a valuable relief that allows for a delay in the payment
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How to tell if a tax office email is fraudulent

HMRC continues to warn taxpayers to be aware of email phishing scams. Phishing emails are used by
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Receipts to cover certain expenses to be abolished?

A new measure to remove the requirement for employers to check receipts for expense claims made by
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Self-employed Class 2 NIC changes cancelled

In a surprise move, the government has announced that following a lengthy consultation the planned
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Acas publishes new guidance on employment references

ACAS has published new guidance on employment references aimed at both employers and employees,
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Update on Bank Referral Scheme

The government’s Bank Referral Scheme was launched in November 2016. The scheme, created by the
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Take care when making VAT reclaims

The Court of Appeal recently heard a taxpayer's appeal against a decision of the Upper Tribunal to
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Make a claim on an estate

There are special intestacy rules that govern how assets are divided if you die without making a
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Advice for exporters if ‘no deal’ Brexit

We have already examined matters that must be addressed by those importing goods to the UK if there
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Advice for importers if ‘no deal’ Brexit

The UK is set to leave the EU on 29 March 2019 and as things currently stand, it would seem that we
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Change in national minimum wage penalties in a TUPE transfer situation

HMRC has advised that it has changed its approach to charging financial penalties when enforcing
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Venture Capital Schemes advance assurance

There are four tax-advantaged Venture Capital Schemes currently available: The Seed Enterprise
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IHT Disclosure of Tax Avoidance Schemes from April 2018

The Disclosure of Tax Avoidance Schemes (DOTAS) legislation, targets taxpayers who implement listed
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What is Mileage Allowance relief?

Employees who use their own car at work can under certain circumstances be paid a tax-free
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Allowable costs for property businesses

Costs that can be deducted by individuals that have a property rental business, depend on the type
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Capital Gains after divorce or separation

When spouses or civil partners are living together they are both treated as separate individuals
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What are the different ways to dismiss staff?

Many employers rightly have concerns about the process of dismissing an employee. Whilst there are
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How to close down a company by striking off

There are a limited range of circumstances when a company can request to be removed from the
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Are you eligible for CGT Entrepreneurs’ Relief?

Entrepreneurs' relief applies to the sale of a business, shares in a trading company or an
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How to earn more at the basic rate of tax

Donations made to charity over the course of a tax year can add up and taxpayers should ensure that
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Boosting recycling with tax system

Over 162,000 responses were received to a call for evidence launched by HM Treasury on how changes
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VAT on transfer of business as a going concern

The transfer of a business as a going concern (TOGC) rules consider the VAT liability on the sale
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Time to declare offshore assets?

HMRC has published a press release to remind taxpayers that the 30 September 2018 deadline to come
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Limited liability for sole traders?

The Office of Tax Simplification (OTS) has updated its papers on the possibility of launching a
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VAT – goods on sale or return

There are special VAT rules that must be followed when you sell goods on a sale or return basis.
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What is overpayment relief?

Overpayment relief was introduced from 1 April 2010 and replaced error or mistake relief for Income
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Gifting share in home

Most gifts made during a person's life are not subject to tax at the time of the gift. These
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Tax free health benefits

There is no requirement for employers to pay tax and National Insurance on certain health benefits
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32.5% Corporation Tax on overdrawn directors’ loans

HMRC defines a director's loan as money taken from your company (by you or other close family
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What to do if you disagree with HMRC

There are a number of options open to taxpayers who disagree with a tax decision issued by HMRC. As
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Capital Gains Tax: company takeovers

When a company takes over another company it may issue its own shares and/or securities in payment
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Selling your UK home if you live abroad

There are special reporting requirements and the possibility of a tax bill when you sell your home
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Correcting errors on your VAT return

Where an error on a past VAT return is uncovered taxpayers have a duty to correct the error as soon
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Football agent scores £1.2m own goal

A former football agent, Jerome Anderson, who looked after over 200 players during his career
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VAT – motor dealer deposit contributions

A new Revenue and Customs Brief 7/18 has been published by HMRC concerning their policy on the VAT
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New guidance on disguised remuneration scheme

The government's plan to tackle disguised remuneration tax avoidance schemes was first announced as
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How to challenge your Council Tax listing

The Valuation Office Agency (VOA) is a government body in England and Wales and an executive agency
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Will I pay tax when coming to the UK?

The statutory resident test (SRT) is used to determine if someone is resident in the UK for tax
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A round up of some non-taxable payments and benefits

Although the government is continually clamping down on non-taxable payment and benefits for
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New fund launched to help tackle the disability employment gap

The government has launched a multi-million pound challenge fund to help tackle the disability
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VAT and gift vouchers

New draft legislation has been published as part of the draft Finance Bill 2018-19 that aims to
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Change to penalties for late payment of tax

Plans to introduce a new two tiered penalty system for individuals and businesses that do not pay
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HMRC security deposit regime to be extended

The security deposit legislation is to be extended to both Corporation Tax and Construction
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New points-based late filing penalties

The Finance Bill 2018-19 draft legislation includes a new measure to introduce a points-based
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Low emission lorries to pay lower levies

The government has confirmed plans to introduce a lower rate of the HGV road user levy for lorries
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New toolkit for employers on handling domestic abuse

Public Health England (PHE) and Business in the Community have published a new toolkit to help
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Change to evidence required for employee expenses

A new measure to remove the requirement for employers to check receipts for expense claims made by
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Draft clauses for forthcoming Autumn Budget are published

The Finance Bill 2018-19 draft legislation was published on 6 July 2018. The Bill which runs to 226
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Rules for use of taxable cars and vans to be updated

The Finance Bill 2018-19 draft clauses include new measures that will address two anomalies in the
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Beneficiaries of tax exempt pension benefits to be extended

The draft Finance Bill includes a new measure that will help modernise the tax treatment of
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Rent-a-room relief to be modified

The publication of the draft Finance Bill 2018-19 includes legislation to change the way the
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Acas publishes guidance for employers on suspension from work

Acas has published new guidance on the circumstances in which employers should consider suspending
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239 employers identified on latest list of national minimum wage offenders

The government has named and shamed another 239 employers for underpaying their workers the
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Government confirms further details on EU Settlement Scheme

The government’s response to the Home Affairs Select Committee’s report on the delivery of Brexit,
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Selling digital services to EU based customers

There are a number of VAT issues to consider if you are selling digital services from the UK to
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Investing in new equipment for your business?

The Annual Investment Allowance (AIA) provides 100% first year tax relief for qualifying
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1 million couples can still claim £900 tax refund

The marriage allowance allows couples to share part of their personal tax-free allowance in certain
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What is Business Asset Rollover Relief?

Business Asset Rollover Relief allows taxpayers to delay paying Capital Gains Tax (CGT) on gains
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Spousal tax reliefs for unmarried couples?

In a unanimous decision, the Supreme Court has decided that the law preventing opposite sex couples
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Law firms to be required to publish prices for defending some types of employment tribunal claim

The Solicitors Regulation Authority (SRA) has confirmed that all regulated law firms will be
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Acas publishes guidance for employers on overtime

Acas has published new guidance for employers on overtime. The guidance highlights the importance
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Government publishes changes to the UK Immigration Rules

The government has published a new Statement of Changes to the UK Immigration Rules. The main
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Tax Diary July/August 2018

1 July 2018 - Due date for corporation tax due for the year ended 30 September 2017. 6 July 2018 -
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Employee expenses covered by exemption

There is no longer a requirement to report certain routine expenses to HMRC. The types of expenses
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Interpreting your tax code

The letters in an employee’s tax code signify their entitlement (or not) to the annual tax free
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Are you on track to qualify for a full State Pension?

Anyone aged 16 or over and at least 30 days from their State Pension age can request a State
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Is the email really from HMRC?

HMRC continues to warn taxpayers to be aware of email phishing scams. Phishing emails are used by
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Self-assessment second instalment due end of July

Taxpayers that make payments on account should be aware that the second payment on account for
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M&S lose expensive VAT case

The First-Tier Tribunal recently heard an appeal that considered the correct VAT treatment of a
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Tax gap lowered according to HMRC

HMRC has published figures that show the tax gap for the 2016-17 tax year was 5.7%. The tax gap is
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New “Spotlight” explains impact on pensions of maternity leave

The Pensions Advisory Service (TPAS) has published a “Maternity Leave Spotlight” outlining the
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When do charities pay or not pay tax?

The tax treatment of charities is complex. Many charities trade either as part of their charitable
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Claim back pre-registration VAT

There are special rules that determine the recoverability of VAT incurred before a business
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The maternity allowance

The maternity allowance is a financial benefit for pregnant women who are self-employed, who are
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VAT reverse charge may be coming to the construction sector

HMRC has launched a new consultation inviting comments from interested parties regarding the
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Dormant assets scheme to be expanded

The Government has announced that the dormant asset schemes is to be expanded to include to a wider
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