Law and regulation

Tax / Rules for non-residential structures and buildings allowance amended

HMRC has amended the compliance rules for a new capital allowance for non-residential structures and buildings (SBA) following consultation

Tax / Childcare and tax: 30-hours free childcare – part 4

In part four of a series on childcare tax issues, Julie Clift CTA, specialist tax writer at Croner-i, examines how the government’s 30-hours free childcare scheme works and the various tax compliance issues

Tax / HMRC ramps up tax credit renewal reminders

HMRC has issued a reminder that taxpayers must renew their tax credits by 31 July, or risk having their payments stop, as part of a concerted campaign to ensure individuals take action

Tax / Construction sector faces reverse charge on VAT from October

Businesses reporting under CIS and VAT registered will have to pay VAT directly to HMRC instead of to the supplier when paying invoices for services provided across the construction and building sector when the reverse charge comes into force this autumn

Tax / Entrepreneurs' relief and disposal of shares

When claiming entrepreneurs' relief on disposal of shares it is important to ensure that the definition of personal company falls within HMRC's parameters. Stephanie Webber ACA CTA, tax writer at Croner-i, explains 

Tax / Childcare and tax: workplace nurseries – part 3

In part three of a series on childcare tax issues, Julie Clift CTA, specialist tax writer at Croner-i, examines the tax liability for employees using workplace nurseries   

Tax / Inheritance tax waived for Kindertransport compensation payments

The government plans to relax the inheritance tax rules for Kindertransport compensation payments so that affected taxpayers will not be liable for tax on any amounts received from the fund

Tax / IR35: what a performance

Difficulties with interpreting the IR35 rules have been highlighted by conflicting decisions at tax tribunals where apparently similar IR35 cases involving TV and radio personalities including Lorraine Kelly and Christa Ackroyd highlight the subjective nature of the employment tests. Peter Rayney FCA, CTA (Fellow), TEP considers the implications for private sector employers

Tax / June electronic payment deadline falls on a weekend

HMRC is warning employers that the June electronic PAYE payment deadline of the 22nd falls on a Saturday this month, which means settlement must be made a day early

Tax / Childcare and tax: vouchers v tax-free scheme – part 2

In part two of a series on childcare tax issues, Julie Clift CTA, specialist tax writer at Croner-i, asks whether it’s worth staying in the old childcare voucher scheme or moving to the new tax-free childcare scheme

Tax / Tax liability for non-UK resident companies

The scope of the charge to tax on non-UK resident companies is not only complex but will soon have a broader reach following a series of rules introduced in Finance Act 2019. Paul Davies CTA ACA, tax writer at Croner-i, assesses the changes to tax on chargeable gains already effective and plans to extend this to income tax from 2020

Tax / Changes to restriction rules on corporation tax relief released

HMRC has finally published guidance for businesses and tax agents about changes to the restriction rules on corporation tax relief for some acquisitions of goodwill and relevant assets, which came into force on 1 April 2019

Tax / Childcare and tax: what you need to know – part 1

In part one of a series on childcare tax issues, Julie Clift CTA, specialist tax writer at Croner-i, looks at changes to tax breaks for childcare costs, focusing on compliance and eligibility for the tax-free child care scheme and issues for those still signed up to the legacy childcare voucher scheme

Tax / What you need to know: diverted profits tax – part 3

In the final part of our series on the diverted profits tax (DPT), Mark Cawthron LLB CTA, tax writer at Croner-i, assesses how Finance Act 2019 changed the DPT rules and use of the profit diversion compliance facility

Tax / Disincorporation pros and cons: limited company versus sole trader

Stephen Relf ACA CTA examines the pros and cons of setting up a limited company versus operating as a sole trader, and assesses the critical tax compliance issues when planning a disincorporation
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