If you have any GP clients whose surgery is a member of a PCN that has not utilised all of its funding received you should make your client aware that HMRC will regard your client’s share of these unspent amounts…
Category: Tax
Contractor Corner Reverting to outside IR35
Welcome to Contractor Corner, the series written specifically by Qdos Contractor for accountants with clients who are contractors. The implications of reverting to outside IR35 On 17 March 2020, just two weeks before the expected implementation of the contested off-payroll…
CGT soft landing ends 31 July don’t get caught out
You need to be aware of the important changes to the deadlines for filing and paying capital gains tax (CGT) on the disposal of UK property. The deadlines for filing and paying CGT arising on the disposal of an interest…
Shared parental leave explained
Simon Palmer provides an overview of SPL and Statutory Shared Parental Pay. While shared parental leave (SPL) has been available to eligible employees since April 2015, in practice many businesses find it a complex topic to understand and administer. They…
IHT: Don’t do it yourself
Don’t do it yourself Mark McLaughlin warns that a ‘do it yourself’ approach without professional assistance can be an expensive error when it comes to dealing with inheritance tax on a deceased person’s estate. When someone dies, family members or…
Tax really should be simple!
I have to admit I’m not a great believer in the Office of Tax Simplification because, frankly, they don’t actually seem to achieve anything tangible. Throughout the fiasco that has been the MTD initiative they have remained silent – and…
OTS and IHT : Time for a radical overhaul?
OTS is calling for simplicity when it comes to inheritance tax The Office of Tax Simplification (OTS) has recommended sweeping reforms of inheritance tax in a bid to reduce complexity as more people are caught by the tax as house…
Tax Matters are effecting Immigration disputes so be aware
John Sheehan is concerned at how much emphasis is put on tax matters during immigration disputes My experience of courts and tribunals is similar to that of hospitals – there’s a lot of hanging around. The most recent waiting experience…
Gifting the family home? Don’t forget the anti-avoidance pitfalls
Mark McLaughlin points out a potential inheritance anti-avoidance tax problem with making an outright gift of the family home It is not uncommon for individuals to give away their family home. For example, an elderly widow moving into nursing care…
Questions to the Helplines: Welsh Income Tax, FRS & Nil Employment Returns
Here are some sample questions submitted by accountants to the ICPA/Vantage helpline Question: We have just taken on several self-assessment clients based in Wales and one has raised the question about the impact of the new Welsh income tax rates…