Business News

£108 million pledged to small businesses for no-deal Brexit prep “not enough”

Posted on 6 Aug, 2019

More than £108 million will be made available to help small businesses prepare for a no-deal Brexit, the Government has revealed.

New figures show that a quarter of estates paying Inheritance Tax (IHT) are investigated by HMRC

Posted on 1 Aug, 2019

The response to a Freedom of Information (FoI) request has revealed that as many as one in four estates that are liable for IHT are investigated each year. In 2018-19, more than 5,500 investigations were launched by HMRC into the

Principle Private Residence Relief and Lettings Relief changes due in April 2020

Posted on 1 Aug, 2019

The start of the next tax year in April 2020 will see key changes come into effect in respect of Principle Private Residence Relief (PPR) and Lettings Relief, both of which can be used to soften the impact of Capital

Employment Allowance to be restricted from next year

Posted on 1 Aug, 2019

At the moment businesses and charities of all sizes can benefit from Employment Allowance. However, from the start of the new tax year in April 2020, the allowance will only be available to employers with a secondary National Insurance Contributions

Summer childcare costs cooldown with Tax-Free Childcare

Posted on 1 Aug, 2019

The Government wants to remind working parents that they could be entitled to up £2,000 per child per year to help with the costs of childcare, including regulated holiday clubs during the school holidays. The six weeks summer holiday can

HMRC outlines changes to Capital Gains Tax treatment on second homes

Posted on 1 Aug, 2019

From April 2020, the date at which Capital Gains Tax (CGT) must be paid on a second home property disposal is changing. After this date, taxpayers will only have 30 days to file their return and make an advance payment

Construction businesses only have weeks left to prepare for the VAT reverse charge

Posted on 1 Aug, 2019

Businesses in the construction industry now have only a matter of weeks left to prepare for the new VAT domestic reverse charge regime. These new rules will be enforced from 1 October 2019, significantly changing the VAT affairs and tax

Government’s draft IR35 legislation contains important changes

Posted on 1 Aug, 2019

After much anticipation, the Government has now published its draft legislation for the off-payroll working (IR35) rules, which will be enforced in the private sector from 6 April 2020. The latest policy document for the private sector shares a number

Gig economy workers could be compensated for cancelled shifts

Posted on 19 Jul, 2019

The Government has announced new plans that could see zero-hour and gig economy workers who have shifts cancelled at short notice paid compensation.

Are you up to date with the latest payroll requirements?

Posted on 17 Jul, 2019

Keeping on top of payroll poses a huge challenge for businesses of all shapes and sizes – which is why it is wise to seek specialist advice to ensure everything is running smoothly. The legislation governing tax and National Insurance