15 August, 2019 · Industry News

Inheritance Tax to be simplified

The Office of Tax Simplification (OTS) have undertaken a detailed review of Inheritance Tax (IHT), which is perceived by many as a complicated tax.

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14 August, 2019 · Industry News

Off-Payroll Working Rules Going Ahead

The draft Finance Bill clauses issued for consultation on 11 July include legislation to extend the “off-payroll” working rules to the private sector from 6 April 2020.

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13 August, 2019 · Industry News

CGT, Residential Property & the New 30 Day reporting rule - Plan ahead to avoid the penalties

From April 2020, UK residents disposing of residential property in the UK who have capital gains tax to pay must report the disposal and make a payment on account of the tax due within 30 days of completion. This is a major change to the timing for reporting and payment, and coincides with the proposed introduction of restrictions to private residence and letting relief.

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08 August, 2019 · Industry News

Making Tax Digital: Reminder re Deferred Start Date Letter

Have you received a notice from HMRC that your MTD for VAT start date has been deferred?

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01 August, 2019 · Industry News

MTD - Update from HMRC re submissions for Quarter End 30/06/19

HMRC have released an update regarding MTD submissions for Quarter End 30.06.19.

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30 July, 2019 · Industry News

Outlays - Have you got the VAT right?

In a recent Tribunal Case, Brabners LLP Vs HMRC, it ruled in favour of HMRC resulting in a firm of solicitors facing an unpaid VAT liability of almost £70k. The case centred on how the firm treated disbursements for VAT purposes. HMRC argued that costs incurred by a business in the course of supplying their services are not disbursements (non-vatable) but are instead recharges and will therefore attract output VAT.

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