The VAT concept of business20190416230000

The VAT concept of business

April 16, 2019
The VAT system is policed by HMRC and there can be heavy penalties for breaches of the legislation. There are four conditions that must be satisfied in order for an activity to be within the scope of UK VAT. These conditions are that the...
What is domicile?20190416230000

What is domicile?

April 16, 2019
Domicile is a general legal concept which in basic terms is taken to mean the country where you permanently belong. However, determining domicile status can be complex. In fact, HMRC guidance states that domicile cannot be defined precisely, but the...
Outline of special rules for use of vouchers and credit tokens20190416230000

Outline of special rules for use of vouchers and credit tokens

April 16, 2019
HMRC’s Employment Income Manual is clear that there are special rules when an employee receives goods or services by reason of their employment, that the employee does not pay for in full. The first step should always be to consider whether a...
Let Property Disclosure Campaign20190416230000

Let Property Disclosure Campaign

April 16, 2019
The Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with an opportunity to regularise their affairs by disclosing any outstanding liabilities, whether due to misunderstanding...
Welsh Income Tax takes effect20190416230000

Welsh Income Tax takes effect

April 16, 2019
The start of the 2019-20 tax year marked a fundamental change to the way Income Tax is calculated for people who live in Wales. The new Welsh rates of Income Tax (WRIT) are payable on the non-savings and non-dividend income of those defined as Welsh...
Job related expenses you can claim against your tax20190416230000

Job related expenses you can claim against your tax

April 16, 2019
If you are an employee and use your own money to buy things that you need for your job, you may be able to claim tax relief for the associated costs. It is usually only possible to claim tax relief for the cost of items that are used solely for your...
Estate Agents targeted20190416230000

Estate Agents targeted

April 16, 2019
HMRC has launched an unannounced crackdown on money laundering regulation non-compliance by estate agents. This clampdown resulted in over 50 visits by HMRC staff to estate agents across England that were suspected of trading without being registered...
Tenth anniversary of first Debt Relief Order20190416230000

Tenth anniversary of first Debt Relief Order

April 16, 2019
Debt Relief Orders (DROs) were first introduced in April 2019. The DROs assist people who have small levels of assets and insufficient surplus income to deal with debts under £20,000. In a news release published by the Insolvency Service we are...
New guidance on the impact of Brexit on workplaces20190415230000

New guidance on the impact of Brexit on workplaces

April 15, 2019
Acas has published new general guidance to assist employers and employees in understanding the impact that Brexit may have in their workplace and it gives advice regarding the steps they may want to take before the UK leaves the EU. It advises that...
Right to work checks for EU nationals after Brexit20190411040000

Right to work checks for EU nationals after Brexit

April 11, 2019
The government has published new guidance which confirms that, once the UK leaves the EU and whether this is with a deal or not, there will be no change to the way EU, EEA and Swiss citizens prove their right to work until 1 January 2021. Irish...
Capital expenditure for property businesses20190411040000

Capital expenditure for property businesses

April 11, 2019
There are different rules which apply to different types of capital expenditure for a property business. One of the main areas to consider in deciding whether a repair is a deductible expense is whether it is revenue or capital. Capital expenditure...
Late filing penalty notices delayed20190410040000

Late filing penalty notices delayed

April 10, 2019
In an agent update published earlier this year HMRC wrote that as part of EU Exit contingency planning, a change would be made to the timings for sending notification of Self Assessment penalties. The £100 penalty notices are normally issued in...
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