Chancellor announces Budget date
January 2020
Chancellor Sajid Javid has announced that he will deliver the 2020 Budget on Wednesday 11 March 2020. The 2020 Budget will be the first to be delivered after the UK's…
Minimum wage rates announced
January 2020
The government has announced a 6.2% increase in the National Living Wage (NLW), which applies to workers aged 25 and over. From 1 April 2020 the NLW will rise from…
Review of the Disguised Remuneration Loan Charge
January 2020
The government has announced it will make a number of changes to the loan charge rules, in response to Sir Amyas Morse's independent review of the loan charge policy and…
Chancellor commits to review of IR35
January 2020
The Chancellor of the Exchequer, Sajid Javid has announced that the major review of all aspects of self-employment, promised in the Conservatives' manifesto, will include the proposed extension of the…
Retiring clinicians payments
January 2020
The Secretary of State has confirmed that the commitments being entered into, to make payments to clinicians affected by annual allowance pension tax, will be honoured when clinicians retire. In…
Guidance on Structures and Buildings Allowance
January 2020
The latest HMRC Agent Update includes guidance on the Structures and Buildings Allowance (SBA). This capital allowance is designed to provide tax relief for businesses and to support investment in…
Call for review of High Income Child Benefit Charge
January 2020
The Low Incomes Tax Reform Group (LITRG) is calling on the government to address issues with the High Income Child Benefit Charge (HICBC). The HICBC is designed to claw back…
Self assessment deadline approaching
January 2020
The deadline for submitting your 2018/19 self assessment return is 31 January 2020. The deadline applies to taxpayers who need to complete a tax return and make direct payments to…
Current list of deliberate tax defaulters
January 2020
HMRC publishes details of deliberate tax defaulters, those people who have received penalties either for: deliberate errors in their tax returns or deliberately failing to comply with their tax obligations.…
Welsh government publishes Draft Budget
January 2020
The Welsh government has published its Draft Budget, setting out revenue raising and capital spending plans for 2020/21. The Draft Budget confirms no changes are proposed to Welsh income tax…
Making sure gifts to employees are tax-free
December 2019
Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee. A…
Advisory fuel rates for company cars
December 2019
New company car advisory fuel rates have been published which took effect from 1 December 2019. The guidance states: 'You can use the previous rates for up to one month…
HMRC offers tips on avoiding Self Assessment tax scams
December 2019
HMRC is giving information to taxpayers to help them avoid scams ahead of the Self Assessment deadline. HMRC is warning millions of Self Assessment taxpayers to be aware of fraudsters…
Check employment status for tax tool update
December 2019
HMRC has issued an update to the Check employment status tool (CEST) in advance of the introduction of new tax rules proposed for individuals who provide their personal services via…
Temporary pensions tax arrangement for NHS staff
December 2019
In a letter in November 2019, the Secretary of State for Health and Social Care, Matt Hancock, has agreed to a temporary commitment to make payments to certain clinical staff…
HMRC issues guidance on cryptoassets
December 2019
HMRC has published guidance for people who hold cryptoassets, typically cryptocurrency or Bitcoin, explaining what taxes they may need to pay and what records they need to keep. HMRC has…
Latest guidance for employers
December 2019
HMRC has issued the latest Employer Bulletin. This issue includes articles on a number of areas including: guidance for employers on reporting PAYE information in real time when payments are…
Research and Development spend
December 2019
The Office for National Statistics (ONS) has revealed that UK businesses spent £25 billion on Research and Development (R&D) in 2018. Data from the ONS showed that total R&D expenditure…