UHY Ross Brooke Chartered Accountants
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 2021, regardless of actual payment date. Whilst that is good news for contractors it is only a very short term fix to a very big problem.
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 change to the pre 6 April 2020 rules for UK tax residents, where any tax
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 hit and the financial pressure is eased. It is typically unhelpful, therefore, that the Self-Assessment
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 Tom Annat. HMRC’s ‘super computer’ combined with cross border information-sharing agreements has meant that HMRC
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 the Chancellor and undertaken by Sir Amyas Morse, runs to a published Report of no
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 case law to turn to for guidance. Recently HMRC have updated their guidance on the
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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 the region of £1bn per year Since 1999 the responsibility for deciding whether a contract
“With Brexit looming ever closer it is important that businesses that trade with EU member states prepare now as it is increasingly likely that we will leave the European Union without a deal on the 31 October” explains Maddy Weeks a Manager in our Newbury office. “In preparation of a
The Treasury have been concerned for some time about the loss of VAT to the Exchequer in the construction industry and in particular in relation to missing trader fraud. As a consequence a new set of VAT rules will apply from a now delayed start of 1 October 2020 to