HMRC have recently confirmed that the new Off-Payroll rules explained in our earlier blog https://www.ross-brooke.co.uk/off-payroll-working-rules-from-5-april-2020-what-are-they-how-do-they-affect-me-and-what-should-i-do-now/ will only apply to work performed after 5 April 2020, regardless of actual payment date. Whilst that is good news… Read More
For disposals of residential property after 6 April 2020, details of the sale any capital gains tax due on the sale must be paid to HMRC within 30 days of completion. This is a huge… Read More
Financially, January is always a difficult month. Most employees get paid early and the increased Christmas expense drains the coffers, with many people wishing for January to pass so that a new pay date is… Read More
Although we live in times of great uncertainty, we can be certain that HMRC will continue to explore new methods of catching up with individuals who have outstanding tax liabilities, says the firm’s Tax Manager… Read More
HM Treasury issued, just before Christmas, a long-awaited response to an Independent Review (“the Review”) of the Disguised Remuneration Loan Charge, with a withdrawal from its previous hard line of application. The Review, commissioned by… Read More
Modern business moves at a rapid pace and very often things need to be done at a moment’s notice, but with the same level of confidence, detail, skill that would otherwise be afforded over a… Read More
The world of blockchain and cryptoassets is developing at a fast pace and it is no wonder that the rules for the taxation of cryptoassets is only just developing with currently very little or no… Read More
As 31 January self-assessment payment deadline approaches taxpayers need to be especially aware that scammers see this as a profitable time of year. Last year HMRC received almost a million reports about suspicious contact from… Read More
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Since its introduction in 1999 IR35 has been a cause of major confusion. The rules are difficult to understand and difficult to enforce. According to HMRC they estimate the cost of non-compliance to be in… Read More
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