We’re now well into the new taxation of offshore intangible property receipts, which came into play with Finance Act 2019. Intangible property has a very wide meaning but will include patents, trademarks and copyright.
It is as important as ever to ensure all bases have been covered when dealing with your personal tax affairs, following a recent flurry of letters from HMRC showing that they are checking 2017/18 personal tax returns where they believe that child benefit payments have been omitted.
Back in early November, we blogged about some worrying changes to entrepreneurs’ relief as a result of what looked like sloppy drafting in the Finance Bill. Happily, the Government tabled, on 20 December, a proposed amendment which has gone some way to addressing our concerns.
Contractors have been receiving letters from HMRC, typically addressed to the personal service companies (PSCs) through which they work
From 6th April 2020, capital gains tax (CGT) will be due within 30 days of the date of completion on the sale of most residential properties.
From 6 April 2020, HMRC are changing the way Private Sector Organisations assess their workforce.
Since the early 1990s, one of the most effective forms of tax planning for contractors, was to set up a one director/shareholder Personal Service Company (PSC) to provide the services of the said contractor, to an end-user.
The two-year low £/€ exchange rate may be on your radar but if you’re an executor have you considered the possibility of reducing an inheritance tax charge?
In October 2019, HMRC will be introducing a domestic reverse charge in the construction industry in an attempt to tackle fraud.
On 4 July the Office for Tax Simplification published its latest report on how the IHT system might be simplified.