News & views

Home

|

News & views

Our latest news & views

We share up to date news and blog posts from the worlds of finance, business and tax. If you’d like to subscribe and receive quarterly email newsletters from us collating the most relevant blogs and articles, please scroll down and submit your email address.

Capital gains tax changes to hit homeowners

Jul 19, 2019 | Capital Gains Tax

More landlords and owners of second homes could have to pay capital gains tax on the sale of their additional property from April 2020, following a change to private residence relief.Private residence relief allows people to sell their main residence without incurring...

HMRC presses on with IR35 in the private sector

Jul 15, 2019 | Private sector

The Government has published draft legislation on tax changes affecting private sector contractors from 6 April 2020.The off-payroll working rules, also known as IR35, are aimed at preventing work that HMRC regards as "disguised employment".IR35 was reformed in the...

MTD is here to stay

Jun 13, 2019 | MTD

Making tax digital (MTD) is now law for all VAT registered businesses with turnover over £85,000. This new law requiring Digital record keeping and filing of VAT returns via the MTD portal came into force on the 1 April 2019. This means change for many...

Personal Service Company Changes From April 2020

May 21, 2019 | IR35

In the Autumn Budget the Chancellor announced that the "off payroll" workers rules that currently apply in the public sector would be rolled out to the private sector in 2020. The government have now issued a consultation paper that sets out proposed tax and national...

Changes to Capital Gains Tax from April 2019

May 21, 2019 | CGT

Capital Gains Tax is the tax on the profit of a personal item you have sold that has increased in value. The important thing to remember is that you are not being taxed for the amount on the product sold but on the profit only. Many of your personal possessions are...

HMRC is targeting restaurants and takeaways to crackdown on tax evasion

May 21, 2019 | Tax

The Revenue is ramping up its campaign to crackdown on tax evasion amongst restaurants and takeaways as financial stress makes it more tempting for smaller operators.Restaurants and takeaways make up 26% (200 of 775) of HMRC’s list of major tax defaulters,...