Hot Topics

What's new in the world of tax and business? This section contains articles on some hot topics.

25 Sep 2019

An example of Brexit madness

For all those that are not yet sick of hearing about Brexit there is a worrying example of where current UK legislation is not in a position to deal with a hard Brexit.

25 Sep 2019

Government u-turn on pension tax for doctors and others

From 2016/17 those taxpayers with ‘adjusted income’ over £150,000 and ‘threshold income’ over £110,000 receive a tapered annual allowance.

25 Sep 2019

Does your business engage workers via the worker’s own company?

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

25 Sep 2019

Creating an employer brand

The businesses that attract the best talent all have one thing in common - a great employer brand.

25 Sep 2019

Creating a more inclusive workplace

Diversity and inclusion are hot topics as society is driving firms to become more inclusive.

25 Sep 2019

Company officers jointly and severally liable for VAT penalty

The decision in a recent tax tribunal case reminds us that directors and other company officers may be personally liable for VAT penalties of their company.

25 Sep 2019

Building trust as a manager

In order to manage an effective team of people you need to win their trust.

25 Sep 2019

When is a van not a van?

The need for clarity follows the ruling in an important tax tribunal case involving “vans” provided to employees of Coca Cola.

25 Sep 2019

The power of saying "NO"

It’s important to be able to say “no” at work without making enemies.

25 Sep 2019

No VAT penalty if you missed the first quarterly MTD deadline

HMRC have let it be known that they will not be issuing penalties for MTD VAT qualified businesses that have filed 30th June 2019 VAT Returns on time under the old system.

25 Sep 2019

New VAT rules for the construction sector – postponed for one year

HMRC is to postpone implementation of the VAT reverse charge for building and construction services for 12 months.

25 Sep 2019

Inheritance Tax – don’t ignore it. you may fall under it

The political crisis and a potential general election do make predicting future tax changes difficult but what we do know is that UK Inheritance Tax (IHT) will continue to be severe with more and more people falling under it despite the OTS’s much awaiting review.

24 Sep 2019

Fighting business crime

Highlighting some key steps to take in order to combat business crime.

27 Aug 2019

Taking a look at HMRC's Loan Charge

Analysing HMRC's controversial Loan Charge and its impacts.

22 Jul 2019

Reviewing the changes to off-payroll working

Reviewing the changes to off-payroll working as HMRC prepares to extend the initiative to the private sector.

25 Jun 2019

Gifting and inheritance tax: considering the rules

Considering the rules surrounding gifting and inheritance tax.

11 Jun 2019

Capital Gains Tax

£80,000 of relief could be lost with possible changes to Letting Relief and Principal Private Residence Relief from April 2020.

11 Jun 2019

Extracting profit from the family company

The start of the new tax year means that shareholder/ directors may want to review the salary and dividend mix for 2019/20

11 Jun 2019

Air BNB landlords allowed to continue enjoying ‘rent a room relief’

Last year HMRC carried out a review of rent a room relief and it was proposed that the availability of this generous relief would be restricted to situations where the taxpayer was resident for at least part of the time when the “lodger” was paying rent.

11 Jun 2019

Personal service company changes

Personal service company changes from April 2020 as the Chancellor announced that the "off payroll" workers rules that currently apply in the public sector would be rolled out to the private sector.

11 Jun 2019

Reporting the issue of shares or options to staff and submission of P11Ds by 6 July

Gifts and awards of shares in companies, often known as employment related securities (ERS) are commonly used by employers to reward, retain or provide incentives to employees. They can be tax advantaged or non-tax advantaged.

11 Jun 2019

Setting Up a New Hire for Success

No one has a bigger impact on a new employee’s success than the manager who hired them. Here are some tips on how to set your new hires up to succeed.

11 Jun 2019

Focus on managing your energy, rather than your time

You can only spend your time in a productive, effective manner if you have enough energy to do so.

28 May 2019

Getting to grips with PAYE

Taking a look at the current PAYE scheme.

23 Apr 2019

Making Tax Digital for VAT: answering the key questions

Making Tax Digital for VAT (MTD for VAT) is now live. Firms with a taxable turnover above the VAT registration threshold (currently £85,000) must comply with the new rules. Here we answer some of your key MTD for VAT questions

22 Mar 2019

Taking a look at the measures coming into effect in 2019/20

2019/20 tax year ushers in a handful of changes to tax and business legislation including rising resident. Here, we outline some of the key measures to take note of

25 Feb 2019

Considering the rise in popularity of flexible working

Taking a look at the flexible working application process.

28 Jan 2019

Reviewing the changes to capital allowances

In the 2018 Autumn Budget, Chancellor announced a handful of changes to capital allowances, including the introduction of a new allowance, termed the Structures and Buildings Allowance (SBA).

17 Dec 2018

Minimising your tax liability ahead of the year end

Tax-saving measures to implement ahead of the 5 April year end.

27 Nov 2018

Making Tax Digital for VAT: the latest developments

Recent changes to the MTD for VAT initiative.

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