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18 Jul

ICO issues notices of intention to fine BA and Marriott

  • Employment Law

Following an extensive investigation, the Information Commissioner’s Office (ICO) has announced that it has issued a notice of its intention to fine British Airways (BA) £183.39 million for infringements of the General Data Protection…

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17 Jul

Reminder to sign up for Making Tax Digital before August

  • Value Added Tax

VAT registered businesses with a turnover above the VAT threshold, need to be ready to keep digital records for VAT purposes using Making Tax Digital (MTD). This means that businesses must keep their records digitally (for VAT purposes only) and…

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17 Jul

Will you have to repay Child Benefit for 2018-19?

  • Income Tax

The High Income Child Benefit charge applies to taxpayers whose income exceeds £50,000 in a tax year and who are in receipt of Child Benefit. The charge claws back the financial benefit of receiving Child Benefit either by reducing or removing…

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17 Jul

Be wary of 60% Income Tax charge

  • Income Tax

For high earning taxpayers the personal allowance is gradually reduced by £1 for every £2 of adjusted net income over £100,000 irrespective of age. This means that any taxable receipt that takes income over £100,000 will…

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17 Jul

Tax simplification for self-employed

  • Income Tax

The Office of Tax Simplification (OTS) was established in July 2010 to provide advice to the Chancellor on simplifying the UK tax system. The OTS has recently published a new document setting out the scope of a project looking at simplifying tax…

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17 Jul

Rules for off-payroll working from April 2020

  • Employment Law

The rules for individuals providing services to the public sector via an intermediary such as a Personal Service Company (PSC) changed from April 2017. The new rules shifted the responsibility for deciding whether the intermediaries’…

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17 Jul

Corporate Capital Loss Restriction

  • Corporation Tax

Under current rules up to 100% of chargeable gains can be set against carried-forward capital losses. For accounting periods ending on or after 1 April 2020, large companies and unincorporated associations who accrue chargeable capital gains will…

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17 Jul

Draft legislation for Finance Bill 2019-20

  • General

The Government has published the draft legislation for Finance Bill 2019-20, along with accompanying explanatory notes, tax information and impact notes, responses to consultations and other supporting documents. The Bill will contain the legislation…

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17 Jul

Reminder to renew your tax credit claim

  • Tax credits

Families and individuals that receive tax credits should ensure that they renew their tax credit claims by 31 July 2019. Claimants who do not renew on-time may have their payments stopped. HMRC has sent tax credits renewal packs to tax credit…

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10 Jul

Home to work travel that may be allowed

  • Payroll

Whilst there is usually no tax relief for ordinary commuting - home to work - there are a number of exceptions. The term 'ordinary commuting' is defined to mean travel between a permanent workplace and home, or any other place that is not a…

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10 Jul

Its still possible to claim 100% tax allowance for electric vehicles

  • Capital allowances

First Year Allowances (FYA’s) are available for expenditure on new unused electric vehicles and other cars within the threshold for low CO2 emissions. Businesses can claim FYA of 100% in the year they purchase qualifying low emissions or…

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10 Jul

When you can’t reclaim VAT

  • Value Added Tax

For most fully taxable businesses, VAT can be reclaimed on goods and services used in the business. This means that businesses must consider where there is any personal or private use of goods or services purchased for the business as the business…

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