HMRC and IR35
HMRC has announced change to the off-payroll working rules which come into effect this April.
HMRC, Tax & Treasury
Tax-free taxis
As an employer do you ever provide your employees with a taxi either to or from work? Possibly for special occasions or related to late night working? Did you know doing so they could trigger a tax liability?
Tax-free investments using Premium Bonds
Premium Bonds (PBs) are an investment product issued and maintained by National Savings and Investments (NS&I), which in turn, is backed by HM Treasury. With a return rate comparable with regular savings accounts (currently 1.40%), it is not difficult to see why PBs remain one of Britain’s favourite ways to save – around 21 million […]
HMRC blocks income tax avoidance
HMRC has recently set out in Spotlight 47 information about tax avoidance schemes that try to avoid an Income Tax charge on distributions when winding up a company.
Taxation of termination payments
HMRC have introduced new rules for taxation of termination payments to prevent manipulation of the system which took affect at the beginning of December 2018.
Lords challenge HMRC powers
In a recently published report the House of Lords’ Economic Affairs Committee has stated that the greater powers given to HMRC to tackle tax avoidance and evasion are undermining the rule of law and justice.
Tax scam targets students
HMRC is warning university and college students that they are being targeted by scammers with fake tax refunds in an effort to steal money and personal details.
IR35 extended to private sector
The Chancellor confirmed in his recent budget that IR35 off-payroll working rules, which have already been introduced for the public sector, are to be extended to the private sector.
Claiming work expenses tax relief
HMRC is encouraging millions of employees such as nurses, hairdressers and construction workers to go online and directly check if they can claim extra cash back.
HMRC VAT Brexit plans
HMRC has outlined its ‘no deal’ VAT preparations should they be needed post Brexit for EU-only traders in a letter sent to over 145,000 VAT-registered businesses.
Call us on 0115 778 8533 for a free consultation.
Your privacy is guaranteed - learn more
Open Monday - Friday 9am - 5pm