From 1 October 2019 a VAT reverse charge will apply in the UK to supplies of construction services. Draft regulations have been published for consultation, setting out the details. This will mean that the customer will be liable to account to HM Revenue & Customs (HMRC) for the VAT in respect of supplies of certain […]
Just to remind all employers, the deadline for submitting P11D forms to HM Revenue & Customs (HMRC) is 6 July. This is also the date by which employers must provide details of class 1A National Insurance contributions owed for 2017-18. These must be paid by 22 July (or 19 July for cheques). If you would […]
HM Revenue & Customs (HMRC) has extended the deadline to take advantage of a settlement opportunity by four months for contractors and others who have used disguised remuneration loan schemes. Information must be provided to HMRC by 30 September. It is worth noting that from April 2019 a loan charge will apply to such schemes. […]
If you leave the UK to live abroad, whether permanently or on a temporary basis, there are tax implications and HM Revenue & Customs (HMRC) should be informed. If you leave part way through a tax year you may be entitled to a tax refund, in particular in respect of some tax paid at source […]
HMRC have been consulting on the introduction of a new requirement to make a payment on account of CGT due on the sale of residential properties within 30 days of completing the sale. The expected changes would mainly affect those disposing of a second home or rental property. They would not apply where the gains […]
HM Revenue & Customs (HMRC) has been tackling bogus websites posing as official HMRC sites which have been redirecting people to premium rate phone numbers. Fraudsters develop copycat websites that look similar to HMRC’s official site and use them to promote phone numbers to call the taxman that can cost callers up to £3.60 per […]
HM Revenue & Customs have announced new fuel rates for company cars, which apply to all journeys on or after 1 June 2018, until further notice. For one month from the date of change, employers can continue to use the previous rates or the new rates. Hybrid cars are treated as either petrol or diesel […]
An Enterprise Management Incentive (“EMI”) scheme is an approved employee share scheme that is available to most trading companies, allowing employers to grant share options to key employee’s tax efficiently, as a reward for their efforts with the business and/or to retain and incentivise key staff. Click here to read the full article.
Once again HM Revenue & Customs (HMRC) has warned that all emails, text messages or voicemail messages indicating you have a tax refund are a scam! Fraudsters are using emails and text messages to trick people into believing they have a tax rebate, and get details of their accounts and personal details. HMRC have confirmed […]
From 5 October 2018, childcare voucher schemes will be closed to new applicants. Previously the government intended to close the scheme to new applicants from 5 April 2018, but this has now been extended by six months. Where an employer offers a childcare voucher scheme, individuals who have a parental responsibility may be able to […]
