VAT reverse charge for construction services consultation

VAT reverse charge for construction services consultation

HMRC proposes to introduce VAT reverse charge for construction services consultation. These new VAT rules are subject to consultation. HMRC has published a draft statutory instrument for technical consultation together with a draft explanatory memorandum and a draft...
EMI options may not qualify for tax relief

EMI options may not qualify for tax relief

The Enterprise Management Incentive (EMI) allows selected employees (often key to the employer) to be given the opportunity to acquire a significant number of shares in their employer through the issue of options. An EMI can offer significant tax advantages as the...
Spring Statement announces consultations

Spring Statement announces consultations

Spring Statement announces consultations – Chancellor Philip Hammond delivered his Spring Statement on Tuesday 13 March 2018. In his speech, the Chancellor announced consultations would be issued on: how to help the UK’s least productive businesses to learn...
Income tax changes from 6 April 2018

Income tax changes from 6 April 2018

Income tax changes from 6 April 2018 The personal allowance for 2018/19 is £11,850. However, some individuals do not benefit from the full personal allowance. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000, which is...
Making Tax Digital for VAT from April 2018

Making Tax Digital for VAT from April 2018

The regulations to bring into force Making Tax Digital for VAT (MTDfV) are now law, and digital VAT returns will be required from 1 April 2019. MTDfV is the first phase of HMRC’s landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move...
HMRC Halts Thousands of Scam Text Messages

HMRC Halts Thousands of Scam Text Messages

HMRC have announced that they have stopped thousands of taxpayers from receiving scam text messages ‘with 90 percent of the most convincing texts now halted before they reach their phones’. HMRC’s press release states: ‘Fraudsters alleging to...