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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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New guidance published on religion and belief discrimination

Acas has published new guidance on religion and belief discrimination in the workplace. The 26-page
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World Cup 2018 – Acas guidance

The World Cup 2018 will take place in Russia between Thursday, 14 June and Sunday, 15 July 2018,
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Pensions paid to non-residents

The HMRC Double Taxation Relief Manual sets out the overall principles to be applied in respect of
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What is the Repayment of Teachers Loan Scheme?

Student Loans are part of the government’s financial support package for students in higher
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Liability of non-resident companies

Under the current rules non-resident companies with a trading business in the UK are liable to pay
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Don’t leave assets in a company you dissolve

The final step in bringing a company to a legal end is when the company is dissolved. However, one
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Gifts with strings attached

Most gifts made during a person's lifetime are not subject to tax at the time of the gift. The
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New Time Off for Public Duties Order 2018 due in force from 1 October 2018

The Time Off for Public Duties Order 2018 has been laid before Parliament and will come into force
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Children’s savings and tax

All children in the UK have their own personal annual allowance. However, anti-avoidance laws
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Trustees responsibilities

A trust is an obligation that binds a trustee, an individual or a company, to deal with the assets
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Is professional gambling a trade?

A thought-provoking question that has been asked by one of our readers is whether professional
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Claiming tax relief on pension contributions

The annual allowance for tax relief on pensions is £40,000 for the current tax year. There is also
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Payments in lieu of notice – an update

Since 6 April 2018, employers have been required to pay Income Tax and Class 1 National Insurance
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GDPR and Data Protection Act 2018 now in force

The EU General Data Protection Regulation (GDPR) came into force on 25 May 2018, along with most of
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Tax exempt gifts paid out of income

Many taxpayers are aware that there is an annual Inheritance Tax exemption of £3,000 for gifts and
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CGT base cost uplift on death

Special rules apply to assets when they are passed to a beneficiary after the death of the
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Company van use – the tax consequences

There are a number of tax consequences to be aware when employees are provided with company vans
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Give now pay later – what are the settlement rules?

The settlement rules are intended to prevent an individual from gaining a tax advantage by making
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Beware sting in VAT Annual Accounting Scheme

The VAT annual accounting scheme is open to most businesses with a turnover of up to £1.35m per
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New guidance published for employers on setting dress codes and sex discrimination

Following a joint report ("High heels and workplace dress codes") published by the House of Commons
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Pay and expenses for volunteers

There are many rewarding opportunities for volunteering available across the UK. It is a popular
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More warnings to beware of bogus tax refund scams

Fraudsters are taking advantage of taxpayers who may be due a tax refund following the end of the
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NMW and LW enforcement measures

A new press release has revealed that in 2017-18, HMRC investigators identified £15.6 million in
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When might you be due a tax refund?

HMRC has issued helpful guidance that explains when you might be due a tax refund and how to make a
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Responding to a County Court claim

It is important that any correspondence received from the County Court is dealt with promptly. This
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Pensions Regulator to seize assets where employers fail to pay workplace pension fines

The Pensions Regulator (TPR) has announced that employers who refuse to pay workplace pension fines
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Child Benefit claw-back

The High Income Child Benefit charge came into force in January 2013 and applies to taxpayers whose
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Progress made towards one-day cheque clearance

A new system that allows UK banks and building societies to scan cheques and clear them digitally
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When do you pay tax on lodger’s rents?

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in
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Are you making money from a hobby?

The 'badges of trade' tests whilst not conclusive are used by HMRC to help determine whether an
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Advance assurance for R&D tax claims

Advance Assurance for small companies that claim Research and Development (R&D) tax relief was
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Enterprise zones – new maps published

Enterprise zones were first launched in 2011 and are specific geographic areas that provide various
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New laws to protect home address

New laws have come into effect (from 26 April 2018) to help tackle the problem of identity fraud
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Scottish Limited Partnership reforms

The government has announced a new crackdown to close loopholes that have been exploited by those
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Bid to tackle online VAT fraud

HMRC is continuing to pressure online marketplaces marketplace (such as eBay or Amazon) to tackle
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Updated guidance on DBS criminal record checks

The Home Office and the Disclosure and Barring Service (DBS) have updated their guidance for
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Tax when your company gives to a charity

There are special rules in place when a limited company gives to charity. This can include,
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Late filing of self-assessment tax returns

Taxpayers that have not yet filed their 2016-17 self-assessment returns, will have already been
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Which car benefits are exempt from tax?

The tax benefits of driving a company car have been steadily reduced over many years. Most
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How to claim or stop claiming the employment allowance

The employment allowance of £3,000 per year is available to most businesses and charities to be
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Should you pay tax on money or goods you inherit?

The surprising answer to this question is usually no. This is because inheritance tax (IHT) is
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Information Commissioner’s Office announces new lawful basis interactive guidance tool

The Information Commissioner's Office (ICO) has announced that it has produced a lawful basis
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Tax Diary May/June 2018

1 May 2018 - Due date for corporation tax due for the year ended 30 July 2017. 19 May 2018 - PAYE
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What is a PET?

Most gifts made during a person’s life are not subject to tax at the time of the gift. These
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Don’t forget to handout P60s

The deadline for employers to provide employees with a copy of their P60 form is by 31 May 2018. A
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Claiming for job related expenses

Employees who use their own money to buy things they need for their job, can sometimes claim tax
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How much does Class 4 NIC cost?

There are currently two types of national insurance contributions (NICs) payable by most
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Renewing tax credit claims

Families and individuals that receive tax credits should ensure that they renew their tax credit
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Treatment of termination payments

With effect from 6 April 2018, employers will need to pay income tax and Class 1 national insurance
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Reminder to submit details for Benefits in Kind

Employers are reminded that the deadline for submitting the 2017-18 forms P11D, P11D(b) and P9D is
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EMIs lose tax clearance under state aid

HMRC's recently published, and usually routine, Employment related securities bulletin contains an
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Treatment of termination payments

With effect from 6 April 2018, employers will need to pay income tax and Class 1 national insurance
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Reminder to submit details for Benefits in Kind

Employers are reminded that the deadline for submitting the 2017-18 forms P11D, P11D(b) and P9D is
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EMIs lose tax clearance under state aid

HMRC's recently published, and usually routine, Employment related securities bulletin contains an
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Access to Work grants increase by £15,000

Following new measures introduced in Parliament, from 1 April 2018 disabled workers can now benefit
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What is the settlement legislation?

The settlements legislation is contained in s.624 ITTOIA 2005. The legislation seeks to ensure that
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Overseas online VAT abuse

The new Fulfilment House Due Diligence Scheme (FHDDS) opened for online applications on 1 April
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Changed circumstances, change your Will

We have published articles before discussing the importance of making a will and ensuring that your
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The GDPR is coming

There are now just 7 weeks to go until the new data protection regulations become law on 25 May
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What is your principle private residence?

As a general rule, there should be no capital gains tax (CGT) to be paid on a property which has
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Presidential Guidance published on uprated Vento bands

The President of the Employment Tribunals (England and Wales) and the President of the Employment
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Minimum wage increases

New National Minimum Wage (NMW) and National Living Wage (NLW) rates come into effect on 1 April
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Employment law changes taking effect in April 2018

The following key changes to employment law will come into force in April 2018: The National
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