Capital Gains Tax on UK property reporting

For UK residential property disposals made from 6 April 2020, UK residents have 30 days after the property’s completion date to report and pay Capital Gains Tax on the disposals. HMRC have stated that, due to the coronavirus, UK residents will not get a late filing penalty for any transactions completed on or after 6

[ Read More ]

Lords committee concludes that the Government must address IR35’s flaws and unfairnesses

The Lords Finance Bill Sub-Committee has concluded its review of the off-payroll working rules, stating that the IR35 rules are flawed and have never worked satisfactorily. To read the full report published on the www.parliament.uk website, please click here. Online Course – IR35 and The Private Sector 2020 and Beyond? This online course will provide a

[ Read More ]

COVID 19 – Working From Home Top Tips

Five Top Tips: Remaining productive and motivated whilst working from home Working from home can seem a daunting task, especially if it is something you have never done before. Whilst working from home requires flexibility and a new approach to work, when done right it can increase productivity, efficiency and wellbeing. We’ve pulled together five

[ Read More ]

What can we expect from the 2020 Budget?

The 2020 Budget will be delivered on Wednesday 11 March. With this in mind, here we consider some of the measures that may be announced. No rise in income tax or VAT rates In its election manifesto, the Conservative Party stated it is committed to building a tax system that ‘rewards entrepreneurship’ whilst ‘making sure

[ Read More ]

New AML Regulations Published

The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 were laid before Parliament on 20 December 2019 and, with a couple of exceptions, come into force on 10 January 2020. These Regulations amend rather than replace the 2017 Regulations. As with the 2017 Regulations the amendments have been issued with very little time to implement

[ Read More ]

Government launches review of IR35 changes

The Government has launched a review of the draft legislation extending the off-payroll rules to the private sector from April 2020. The review, which responds to widespread concerns, is expected to conclude by mid-February and the Government will launch a separate review of support for the self-employed, to ensure they are not impacted by the

[ Read More ]