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This Practical Tax Database and Virtual Tax Partner® Toolkit is your online tax partner. It answers all your key tax FAQs, is packed with useful and practical tax and business guidance.
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Nichola's SME Tax W-update 24 October 2019
Hello
We have quite a lot to say this week. HMRC's latest Agent Update is horribly long but it duplicates much in the earlier Employer Update. We have weeded out the highlights for you.
HMRC issue briefing: Reform of off-payroll working rules
HMRC have issued a new briefing ‘Reform of off-payroll working rules’ about the extension of the rules to the private sector from April 2020.
Gift to Jersey charity eligible for IHT exemption under EU law
In Routier and Anor v HMRC [2019] UKSC43 the Supreme Court found that a gift to a Jersey trust qualified for IHT exempt charitable status despite the trust not being governed by UK law; to deny the relief would contravene EU law.
Ofgem proposes new audits for energy suppliers
A new consultation, 'Supplier Licensing Review: Ongoing requirements and exit arrangements' includes proposals for Britain’s energy suppliers to provide the regulator with 'living wills' and independent financial audits when requested. Ofgem’s recommendations intend to protect customers from failing companies.
Nichola's SME Tax W-update 18 October 2019
Hello
This time, new VAT announcements, uncertainty over new budget date, capital allowances on shared communal areas, an employer briefing and lots of updated guides.
Making VAT Digital: extensions for complex IT systems
HMRC have announced that any businesses needing to update particularly complicated or legacy IT systems can apply for an extension to the 2020 deadlines for complying with the digital links requirements under Making Tax Digital for VAT (MVD) .
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