Jackson Stephen Blog

This is where we air our opinions or pass on our thoughts and comments on occasion, when the mood takes us. Usually about business matters, it must be said.

The general idea is to disprove the notion that accountants say nothing at dinner parties! We have even been known to be amusing! Read on.

Plus Icon

Disguised Remuneration Loan Charge - 1st October 2019 Deadline Approaches

Individuals who haven’t yet settled or haven’t reached a settlement agreement with HMRC must report details of any loans that:
1. Were outstanding on 5 April 2019 or;
2. Were repaid/written off between 16 March 2019 and 5 April 2019 (the only allowable repayment is one made in cash).

16-Sep-2019

Read More >

Plus Icon

Get ready for Brexit

There is still uncertainty around what Brexit will mean and planning for a “No Deal” seems very sensible. As it stands the Government insists that the UK will leave the EU ‘with’ or ‘without’ a deal on 31 October 2019.

12-Sep-2019

Read More >

Plus Icon

The Construction Industry Scheme (CIS) VAT Reverse Charge - now delayed until 1 October 2020

The start date for the introduction of the Construction Industry Scheme (CIS) VAT Reverse Charge has been delayed for 12 months to 1 October 2020.

11-Sep-2019

Read More >

Plus Icon

CGT Letting Relief Restriction

Currently letting relief provides up to a £40,000 deduction in computing the capital gain on the disposal of a property that was at some time the taxpayer’s main residence.

06-Aug-2019

Read More >

Plus Icon

CGT Private Residence Relief Changes

Draft legislation to be included in the next Finance Bill will make important changes to the calculation of CGT private residence relief.

06-Aug-2019

Read More >

Plus Icon

Company VAT Penalty Can Be A Liability Of An "Officer"

A recent case before the tax tribunal saw the liability for a late VAT registration penalty being passed on to a manager of the company.

06-Aug-2019

Read More >

Plus Icon

Diary Of Main Tax Events August/September 2019

Diary Of Main Tax Events August/September 2019

6-Aug-2019

Read More >

Plus Icon

IHT Relief For Businesses And Farms

There is currently a very generous 100% relief from inheritance tax for passing on businesses and farm land during lifetime and on death.

06-Aug-2019

Read More >

Plus Icon

Inheritance Tax To Be Simplified

The Office of Tax Simplification (OTS) have undertaken a detailed review of Inheritance Tax (IHT), which is perceived by many as a complicated tax. The government normally takes account of OTS recommendations and their report is likely to lead to future changes to the rules. We will keep you posted as the changes may necessitate amending your will or further planning to pass on your wealth.

06-Aug-2019

Read More >

Plus Icon

Off-Payroll Working Rules Going Ahead

The draft Finance Bill clauses issued for consultation on 11 July include legislation to extend the “off-payroll” working rules to the private sector from 6 April 2020. These changes will have significant implications for workers providing their services through personal service companies and also the end user organisations that engage such workers.

06-Aug-2019

Read More >

RSS 

 

< BACK