On Thursday 28 May, HMRC’s press office confirmed that the new domestic reverse charge rules for the construction industry would commence on 1 October 2020
— Read on www.accountingweb.co.uk/tax/business-tax/vat-construction-industry-reverse-charge-delayed-again
Chancellor Rishi Sunak has announced the government will pay self-employed people a taxable grant based on their previous earnings over the last three years, worth up to 80% of earnings, and capped at £2,500 a month. Sunak said it will run for a minimum of three months, with scope for an extensi …
— Read on www.accountancytoday.co.uk/2020/03/26/self-employed-to-get-80-income-grant/
In his maiden budget, the new chancellor, Rishi Sunak, has announced a £30bn fiscal stimulus package to help combat the impact of coronavirus on the British economy including a one-year total suspension of business rates for small retail, leisure and hospitality businesses. Headline measures inc …
— Read on www.accountancytoday.co.uk/2020/03/11/roundup-business-rates-holiday-announced-by-chancellor-sunak/
During 2013/14, Alistair Jordan was a director of his parent’s company, Rapid Platforms Ltd (RP Ltd). In the same year he incorporated his self-employed co
— Read on www.accountingweb.co.uk/tax/personal-tax/taxpayer-refused-excessive-cost-deductions
People in the UK do not understand personal tax affairs, with young people the least knowledgeable, according to new research by Deloitte. Over 2,000 people across the UK were asked a series of tax questions and awarded a knowledge score based on their correct responses. The results revealed tha …
— Read on www.accountancytoday.co.uk/2019/09/26/majority-of-the-uk-does-not-understand-personal-tax-says-deloitte/
While the current IR35 rules don’t work perfectly, the government’s proposed changes are cause for concern and may have unintended consequences for UK b
— Read on www.accountingweb.co.uk/community/blogs/chris-james-fca/off-payroll-legislation-a-barrier-to-business-growth
A taxpayer who had always paid tax at source under PAYE and submitted unsolicited tax returns in an attempt to address overpayments, has lost an appeal at tax tribunal over HMRC’s refusal to accept the returns
— Read on www.accountancydaily.co/ftt-rejects-taxpayers-appeal-over-unsolicited-tax-returns
Software developers using the live MTD for VAT filing mechanism have encountered inexplicable errors in the data being returned by HMRC’s systems.
— Read on www.accountingweb.co.uk/tax/business-tax/mtd-for-vat-snags-add-to-developers-frustration
A cross-party group of MPs has urged the Minister responsible for HMRC to suspend its controversial loan charge with immediate effect following an interrupt
— Read on www.accountingweb.co.uk/tax/hmrc-policy/mps-brand-hmrc-out-of-control-over-loan-charge-conduct