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Articles in category: Tax

Chancellor confirmed IR35 legislation change for the private sector!

From April 2020, it was verified that contractors working for private businesses will now contribute more to higher tax and national insurance. IR35 legislation first came into force in April 2000. It is an anti-avoidance tax legislation devised to challenge ‘disguised employment.’ In other words, the law generally tackles those people who provide their services […]

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The 2018 Autumn Budget at a glance!

Yesterday, after 72 minutes of continuous talking, Philip Hammond delivered his third speech of the Autumn Budget 2018 as Chancellor, highlighting many key points that will affect you and your business. Here is a quick glance of some of the changes that were announced:  From April 2019, Personal Tax Allowance will rise to £12,500 from […]

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If you have used disguised remuneration schemes is this you?

Settle your tax affairs before loan charges come into effect in April 2019! If you have used disguised remuneration tax avoidance schemes involving the use of loans, you will need to be aware that from 6 April 2019 new legislation comes into effect meaning that all loans outstanding at 5 April are swept up and […]

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Is my company eligible for an R&D tax claim?

If you’re wondering whether your business is eligible for an R&D tax claim, then take one step further and find out… Our dedicated R&D Tax Team have over five years of experience in providing professional and exceptional Tax Relief services to many clients and accountancy practices. Our consultants have a superb working relationship with the […]

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Changes to Minimum Pension Contributions from April 2018

Under the Pensions Act 2008, the minimum amount an employer must pay into auto-enrolment pension schemes will increase over the next two years, with minimum contributions initially rising effective from 6th April 2018 and further increases outlined from 6th April 2019. In recent times, and up until 6th April 2018, the minimum contribution has been […]

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Certificates of Tax Deposit Schemes Closed

The government have put an end to the Certificate of Tax Deposit scheme (CTD), announcing they are no longer available to buy from midnight on 23 November 2017. Although this decision has been made to ensure “the tax system is simpler and fairer”, current certificates will be honoured for an additional six years after the […]

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HMRC phishing emails, texts and tax scams

We are aware that some taxpayers have recently received emails, claiming to be from HM Revenue and Customs (HMRC), asking for personal details or information relating to a tax return. In many cases, they are suggesting that the taxpayer is due a refund and should click on a link to claim the repayment. To clarify, […]

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Are Wages for Family Members Fully Deductible?

A high-profile case (McAdam v Revenue and Customs 2017) hit the headlines recently, with HMRC winning a First Tier tax tribunal in relation to the wages paid to the wife of a self-employed plumbing and heating engineer. In this particular case, Mr McAdam was paying his wife £90 per week for duties including answering the […]

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