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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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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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