News

TAX DIARY SEPTEMBER/OCTOBER

19 September PAYE & NIC deductions, and CIS return and tax, for month to 5/9/18 (due 22 September if you pay electronically)
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SPREADING THE 2019 LOAN CHARGE

We previously alerted you to the requirement to register with HMRC by 30 September 2018 in order to settle on preferential terms before the outstanding loan charge arises on 5 April 2019.
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ASK ALEXA TO CONTACT HMRC FOR HELP

HMRC has launched new and innovative technology to help more than 3 million customers renew their tax credits. HMRC has developed a customer-focused service through Amazon Alexa specifically for those seeking help with their tax credits renewals.
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RULES FOR “RENT A ROOM” RELIEF TO BE TIGHTENED UP FROM 6 APRIL 2019

HMRC propose to restrict the availability of “rent a room” relief to situations where the taxpayer is living in the let property for at least some of the time that the accommodation is let. Hence renting out a house during Wimbledon fortnight while the owners are absent would not qualify from 6 April 2019.
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LANDMARK COURT CASES COULD HAVE BIG IMPLICATIONS FOR LOCAL BUSINESSES

• Supreme Court rules that Pimlico Plumbers are “workers” and not self-employed, paving the way for a number of workers’ rights. • Contractual restrictions tipped the balance away from other strong factors that would normally indicate self-employment. • Croydon firms who use self-employed contractors should review contracts to confirm the status of people they engage.
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TRUST TAXATION

We are still awaiting the promised consultation on the taxation of trusts announced in the Autumn 2017 Budget.
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SHORT-TERM BUSINESS VISITORS

HMRC are consulting on ways to simplify the tax treatment of short-term business visitors from the foreign branch of a UK company, to ensure the UK is an attractive location for business headquarters.
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NEW VAT RULES FOR BUILDING TRADE IN 2019

Under new rules due to come in on 1 October 2019 builders, sub- contractors and other trades associated with the construction industry will have to start using a new method of accounting for VAT.
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