News

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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OFF-PAYROLL RULES (IR35) TO BE EXTENDED TO PRIVATE SECTOR WORKERS?

As mentioned in the Autumn Budget, the Government has opened a consultation into a possible extension of the rules that currently apply to “off-payroll” workers in the public sector to the private sector. This consultation is being undertaken at the same time as the consultation into employment status.
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SIMPLIFICATION OF INHERITANCE TAX

The Office of Tax Simplification (OTS) have been tasked with carrying out a review of Inheritance Tax (IHT) with a view to simplifying how the tax operates.
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EMI SHARE OPTIONS SCHEME RECEIVES STATE AID APPROVAL

Last month, we reported that the Enterprise Management Incentives (EMI) share option scheme lost its EU State Aid approval on 6 April 2018. The consequence of loss of approval being that the tax advantages of such options were temporarily withdrawn.
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INSTANT MESSAGING VERSUS EMAIL

For most businesses, email remains a key method of both internal and external communication. However, there has been a significant rise in the popularity of instant messaging. So what does this mean for you and your business?
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HMRC LOSES IR35 CASE

Previously we reported the Tax Tribunal decision involving Christa Ackroyd Media Ltd, a company set up by a TV presenter to supply her services to the BBC, where it was held that the IR35 personal service company rules applied to the arrangements. In a recent case involving a night manager on a building site, another tribunal decided that the IR35 rules did not apply.
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TAKING A LODGER? DON’T FORGET TO CLAIM “RENT A ROOM” RELIEF

HMRC are carrying out a review of rent a room relief to discover whether the scheme, introduced back in 1992 provides the right incentives for the rental market. The current scheme exempts from tax, gross rents up to £7,500 where rooms within the taxpayer’s main residence are rented out.
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FORM P11DS TO INCLUDE BENEFITS PROVIDED BY SALARY SACRIFICE

Employers need to report all Benefits in Kind (BiKs), including those under the Optional Remuneration Arrangements (OpRAs) or “salary sacrifice” arrangements, to HMRC on form P11D from 6 April 2018, unless they are registered to voluntarily payroll benefits.
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CHANGES TO TERMINATION PAYMENTS

Care is always required when employees are made redundant or payments are made on the termination of employment. Not only are there employment law considerations, there are also important tax implications and this is an area where professional advice is strongly recommended to avoid unnecessary pitfalls. The tax treatment of these payments changed from 6 April 2018 and further changes come into effect in 2019.
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CHALLENGES FACED BY WOMEN IN THE WORKPLACE

In the centenary of women winning the right to vote, stubbornly persistent gender inequality in the workplace is in sharp focus. New reporting requirements which force companies with more than 250 employees to publish their gender pay gap are now providing some hard, granular evidence to show the extent of the problem. Helen Colechin from The HR Dept looks at the issue of gender inequality in the workplace and discusses why SME businesses would be wise to eradicate their own gender pay gaps.
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CHARITIES GIFT AID SMALL DONATIONS SCHEME

Are you aware of the Gift Aid Small Donations Scheme (GASDC)? Under this scheme a charity or community amateur sports club (CASC) can claim top-up payments on small donations up to £20.
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CASH AND DIGITAL PAYMENTS IN THE NEW ECONOMY

One of the announcements in the Spring Statement was the possible demise of the 1p and 2p coins and the £50 note, but for different reasons. It seems that more and more of us are paying for small transactions such as our morning coffee by using contactless payments.
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