Cash is King! The lifeblood of any business is its ability to collect cash and pay bills as well as pay its employees, particularly its owners....
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 sec...
CGT private residence relief changes
Draft legislation to be included in the next Finance Bill will make important changes to the calculation of CGT private residence relief. As announced...
“Small” employers excepted
“Small” businesses will be outside of the new obligations and services supplied to such organisations will continue to be dealt with under the cur...
IHT relief for businesses and farms
There is currently a very generous 100% relief from inheritance tax for passing on businesses and farm land during lifetime and on death. The rational...
Company vat penalty can be a liability of an “officer”
A recent case before the tax tribunal saw the liability for a late VAT registration penalty being passed on to a manager of the company. HMRC have the...
Diary of main tax events August / September 2019
Date What’s Due 01/08 Corporation tax for year to 31/10/18 (unless pay quarterly) 19/08 PAYE & NIC deductions, and CIS return and tax, for mont...
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. Th...
Diary of main tax events July/August 2019
DIARY OF MAIN TAX EVENTS JULY/ AUGUST 2019 Date What’s Due 01/07 Corporation tax for year to 30/9/18 (unless pay quarterly) 05/07 Deadline...