What is changing with IR35?
Do you understand your responsibilities under IR35? Changes are coming from April 2017 If all of the following apply then you need to follow IR35 […]
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HMRC
Making Tax Digital: What’s the story?
Following the initial announcement in December 2015, this week HMRC has finally launched a consultation process on the Making Tax Digital (MTD) initiative. The MTD
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UK Trust Reporting – Part 2. Is the Trust a Financial Institution?
Is the trust a Financial Institution or a NFFE (non-financial foreign entity)? The rules surrounding the classification of an FI are complex. Broadly speaking, for
UK Trust Reporting – Part 2. Is the Trust a Financial Institution? Read More »
Charities denied millions from on-line donations by HMRC
CHARITIES have been denied millions of pounds because donors wrote personal messages on fundraising website JustGiving, according to a recent article in The Times. Officials
Charities denied millions from on-line donations by HMRC Read More »
Action plan to simplify EU VAT regime
The VAT Action Plan announced recently by the EU Commission consists of four main threads A single EU VAT system Plans for dealing with VAT
Action plan to simplify EU VAT regime Read More »
Are VAT Inspectors an Endangered Species?
During the past few weeks, a number of business have received notifications from HMRC, informing them that it would like carry out a “remote” VAT
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Valuation insights: HMRC withdraws valuation checks services
With effect from 31 March 2016, HMRC’s Shares & Assets Valuation is withdrawing its valuation services for PAYE health checks and ITEPA (Income Tax (Earnings
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HMRC’s collect additional £3.5 billion through focusing on SME VAT underpayment
HMRC has raised £3.5bn in the last year through investigations into the under-payment of VAT by small businesses, suggesting that these businesses are coming under
HMRC’s collect additional £3.5 billion through focusing on SME VAT underpayment Read More »
Reduction in the Pension Annual Allowance for Individuals earning more than £150,000 a year
In the last Budget Chancellor George Osborne announced the reduction in the Annual Allowance for those with ‘adjusted’ taxable incomes of over £150,000. This definition
Contractors’ Tax Rules criticised
In a recent report the Office of Tax Simplification (OTS) published a tax complexity index which revealed that the contractor legislation (IR35) is the joint
Contractors’ Tax Rules criticised Read More »
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