Tax gap remains low
July 2019
HMRC has published a report showing that the UK tax gap in 2017/18 is estimated to be £35 billion. This is 5.6% of total theoretical tax liabilities, and a small…
Preparing the workforce for EU Exit
July 2019
Over two thirds of EU citizens that are currently in the UK are here for work. The government is advising that if these individuals plan to remain living and working…
MTD for VAT latest
July 2019
HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the rules, businesses with a…
Employer Bulletin - latest guidance
July 2019
HMRC has issued the June 2019 edition of the Employer Bulletin. This includes articles on a number of issues including: labour supply chain fraud using loans to avoid Optional Remuneration…
New measures to ensure small businesses get paid on time
July 2019
The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers…
Payment on account confusion
July 2019
Under self assessment taxpayers are required to make payments on account of their tax liabilities. The payment on account instalments consist of two payments on account of equal amounts: the…
UK Investment Support Directory
July 2019
International investors who wish to set up and expand their operations in the UK can now benefit from an online tool launched by the Department for International Trade (DIT). The…
Consultation on the operation of Insurance Premium Tax
July 2019
HMRC has launched a consultation to review the extent to which the emerging practices are leading to 'unfair tax outcomes' in the administration and collection of Insurance Premium Tax (IPT).…
OTS calls for simplifying everyday tax for smaller businesses
June 2019
A report by the Office of Tax Simplification (OTS) calls on the government to prioritise action to 'address long-standing concerns about the experience of smaller businesses'. The report considers the…
HMRC taskforce tackles dishonest dog breeders
June 2019
A taskforce has recovered more than £5 million by tackling dishonest dog breeders selling pups on the black market. HMRC set up the taskforce in October 2015 after discussions with…
Forms P11D - reporting employee benefits
June 2019
The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019, are due for submission to HMRC by…
Welsh taxpayers income tax code mix-up
June 2019
From April 2019, Welsh taxpayers were assigned new income tax codes beginning with the letter 'C'. However, HMRC recently revealed that some Welsh taxpayers were mistakenly given Scottish income tax…
Consultation on Companies House reforms
June 2019
The government has launched a consultation on proposed reforms at Companies House, including a 'major upgrade' of its register. The consultation aims to tackle misuse of the register. It also…
Consultation on ancillary capital gains reliefs
June 2019
A capital gains tax (CGT) exemption applies when an individual disposes of a dwelling that has been used as their only or main residence under the Private Residence Relief (PRR)…
Advisory fuel rates for company cars
June 2019
New company car advisory fuel rates have been published which take effect from 1 June 2019. The guidance states: 'You can use the previous rates for up to one month…
Non-compliance with minimum wage regulations
June 2019
A recent Low Pay Commission (LPC) report sets out its findings on the number of people being paid less than the statutory minimum wage. The LPC found that, in April…