Where large or medium-sized organisations are paying workers via personal service companies or agencies they will need to operate new procedures from 6 April 2020. The new rules will apply to partnerships, LLPs and larger charities as well as limited companies. Only those organisations that would be classed as “small” under the Companies Act criteria […]
A record number of young people enrolled in higher education in 2017/2018 according to recent Government statistics, which means that for the first time more than 50% will be attending university. While many students will have recently started their places after the summer break, or are taking their first steps into the world of […]
19 September PAYE & NIC deductions, and CIS return and tax, for month to 5/9/19 (due 22 September if you pay electronically) 1 October Corporation tax for year to 31/12/18 unless pay by quarterly instalments 5 October Deadline for notifying HMRC of chargeability for 2018/19 if not within Self-Assessment and receive income or gains on […]
The Government has announced that there will be a delay to the VAT changes that were due to come into effect on 1 October. The Domestic Reverse Charge (known as the Reverse Charge) will now start on 1 October 2020. The new Reverse Charge, that applies to building and construction services will affect the way that VAT […]
HMRC are being urged to provide clarity and consistency on the tax treatment of commercial vehicles such as VW Kombi Vans marketed as goods vehicles. The need for clarity follows the ruling in an important tax tribunal case involving “vans” provided to employees of Coca Cola. The court has upheld the HMRC view that certain […]
COMPANY OFFICERS JOINTLY AND SEVERALLY LIABLE FOR VAT PENALTY The decision in a recent tax tribunal case reminds us that directors and other company officers may be personally liable for VAT penalties of their company. The recent case involved a penalty for late registration for VAT where the threshold had been exceeded. Three conditions must […]
NO VAT PENALTY IF YOU MISSED THE FIRST QUARTERLY MTD DEADLINE If you pay your VAT quarterly by direct debit the sign-up window has closed for the 7 August (30 June quarter) submission. Do not worry as HMRC have announced that you will not be penalised this time so you may file the old way […]
We had previously reported that hospital doctors and GPs were lobbying the government to amend the pension tax rules. The current system of restricting tax relief on pension contributions means many doctors paying almost all of the extra salary back in tax if they take on additional responsibilities or work additional shifts. This issue […]
These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 December 2018. Where there has been a change the previous rate is shown in brackets. Engine size Petrol Diesel LPG 1400cc or less 12p 8p (7p) 1600cc or less 10p 1401cc to 2000cc 15p 10p 1601 to 2000 […]
In line with recent reductions in fuel prices, HMRC have reduced their suggested reimbursement rates for employees’ private mileage using their company car from 1 March 2019. Where there has been a change the previous rate is shown in brackets. ENGINE SIZE PETROL DIESEL LPG 1400 cc or less 11p(12p) 7p (8p) 1600 cc or […]
