Demanding money with menaces – HMRC’s latest ‘nudge’ letters
These letters are sent to taxpayers using language which, at a first read, sounds as though HMRC have discovered something untoward and as though the taxpayer is now compelled to do certain things at HMRC’s instruction.
Inheritance Tax on holiday cottages – another win for HMRC
A tribunal recently saw the executors of a deceased taxpayer pursue a claim for Business Property Relief in respect of a Furnished Holiday Letting business.
Tinker, Taylor – worker, dependent contractor
The Government’s review of modern working practices, led by Matthew Taylor, was published earlier this month. One of the main recommendations was to re-designate 'workers' as 'dependent contractors'.
Non-dom changes back on track
The government has today revealed that the missing legislation will be brought back in a new Finance Bill to be introduced as soon as possible after the summer recess.
Is your business ready for the Criminal Finances Act 2017?
There have been a number of triggers for this including the now notorious ‘Panama Papers’ – but another notable example has been the BBC Panorama allegations concerning HSBC’s private client team.
Company share schemes: annual filing deadline extended
Companies that run share schemes and arrangements for their employees and directors should now be collating the information that is required to populate and file their 2016/17 returns online.
The start of the end for directors’ tax returns?
Directors’ responsibilities per HMRC guidance state that, except for non-profit organisations, ‘As a director of a limited company, you must… register for Self Assessment and send a personal Self Assessment tax return every year’.
A reminder for employers – 2016/17 benefits and expenses
6 July 2017 is a key reporting deadline for employers who provided employees with taxable benefits in kind during 2016/17, or reimbursed employees’ business expenses.
Share schemes – make sure they are unambiguous and up to date
This blog takes a further general look at EMI arrangements, and to recommend that share plans – existing or not – are unambiguous and up to date.