‘Major gaps’ in no-deal Brexit guidance
Posted on Thursday, October 10th, 2019
According to the British Chambers of Commerce (BCC) there are ‘major gaps’ in the government’s no-deal Brexit guidance for UK businesses. The BCC carried out a review of official government no-deal Brexit guidance for businesses, and found... Read Full Article...
HMRC collects record amounts of IHT
Posted on Thursday, October 10th, 2019
The government has announced that HMRC collected a record sum of £5.4 billion in inheritance tax (IHT) during the 2018/19 tax year. The increase comes on the back of a 15% rise in the number of estates... Read Full Article...
Independent review of the Loan Charge
Posted on Thursday, October 10th, 2019
The government has initiated a review of the Loan Charge and whether the policy is an appropriate way of dealing with disguised remuneration loan schemes used by individuals who entered directly into these schemes to avoid paying tax.... Read Full Article...
VAT domestic reverse charge for building and construction services delayed
Posted on Thursday, October 10th, 2019
HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services. The reverse charge represents part of a government clamp-down on VAT fraud. According to the government, large... Read Full Article...
No Comments on VAT domestic reverse charge for building and construction services delayed
Senior clinicians’ pensions consultation
Posted on Tuesday, October 8th, 2019
The government has launched a consultation on proposals to give senior NHS doctors and nurses access to more flexible pensions. The proposals aim to offer senior clinicians more control over their pensions growth. The consultation follows reports... Read Full Article...
Brexit-readiness events for business
Posted on Tuesday, October 8th, 2019
The Department for Business has launched a nationwide programme of events to help businesses prepare for Brexit. The free events are designed to provide free advice on a range of Brexit-related topics, including exporting, importing and employing... Read Full Article...
Experts warning over insolvency debts
Posted on Tuesday, October 8th, 2019
Prioritising HMRC over other creditors in insolvencies will have a ‘negative impact on the UK’s economic growth’, experts have warned Chancellor of the Exchequer Sajid Javid. The warning was issued in a letter from 11 business organisations... Read Full Article...
Money Laundering non-compliance
Posted on Tuesday, October 8th, 2019
HMRC has published details of businesses that have failed to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. HMRC is also advising that the published person may have... Read Full Article...