From 6 April 2020, UK residents disposing of UK residential property will have new capital gains tax (CGT) reporting and payment obligations. The introduction of a 30-day reporting and payment window, i.e. within 30 days of completion of the sale, marks a significant change to the administration of CGT. The changes do not apply…
Despite calls from some to put a further delay to Making Tax Digital, on 19th February 2019 with less than 40 days to go Mel Stride MP Financial Secretary to the Treasury updated the House of Commons on HMRC’s progress on delivering MTD for VAT. The government are pressing ahead with the April 2019…
HMRC’s latest attempt to stamp out tax fraud has turned their attention to the construction industry and, more specifically, VAT within the construction industry. HMRC state they have identified “a significant risk to the Exchequer” as a result of missing trader fraud. Missing trader fraud occurs where fraudsters take over or create shell companies…
Further to the budget announcements at the end of October 2018, rate changes to the National Minimum Wage (NMW) have been confirmed for April 2019. These are in line with the recommendations that were made by the low pay commission. Year 25 and over 21 to 24 18 to 20 Under 18 Apprentice April 2018 (current rate) £7.83…
The expected consultation period to roll out “off-payroll working rules” to the private sector has begun. HMRC propose that, from April 2020, medium and large sized private sector end-clients will be responsible for deciding if workers fees will be subject to PAYE and national insurance. The consultation document advises HMRC will seek to address…
So, you’ve decided to go it alone. You’ve identified a niche for your idea, your product or the service you can offer. It may just be that you want independence and greater recognition for your expertise. We have many start-up businesses looking to us for help and advice. These range from spare room endeavours…
In 2016, new legislation came into force which meant that councils now have a duty to grant planning permission to appropriate serviced plots as part of the ‘Right to Build’ entitlement. This was part of the government’s solution to tackling housing shortages across the country – the objective was to double the value of the…
Britain’s withdrawal from the EU’s Common Agricultural Policy (CAP) means British farmers will no longer be able to receive EU subsidies and will not have to comply with a number of regulations. Agriculture is a small sector in the UK economy, contributing less than 1% to GDP and employing around 1.2% of the workforce. But…