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Spousal tax reliefs for unmarried couples?

04 Jul, 2018

In a unanimous decision, the Supreme Court has decided that the law preventing opposite sex couples from entering into a civil partnership breaches the European Convention on Human Rights (ECHR). The appellants in this long running case are an opposite sex couple with a conscientious objection to marriage.

Claiming Income Tax if you have stopped work

04 Jul, 2018

HMRC issues guidance that covers what you need to do if you stopped work. The guidance covers the main reasons that you might have stopped work, for example, being made redundant or leaving your job.

If you have been made redundant then you may have overpaid tax as a result of your redundancy payment. HMRC may in some cases refund you any overpaid tax before the end of the appropriate tax year. A claim can be made using form P50 if you are not claiming benefits and not going to work for at least 4 weeks.

What is Business Asset Rollover Relief?

04 Jul, 2018

Business Asset Rollover Relief allows taxpayers to delay paying Capital Gains Tax (CGT) on gains when they sell or dispose of certain assets and use all or part of the proceeds to buy new assets. The relief means that the CGT due on the gain of the old asset is postponed. The amount of the gain is effectively rolled over into the cost of the new asset and any CGT liability is deferred until the new asset is sold.

Selling digital services to EU based customers

04 Jul, 2018

There are a number of VAT issues to consider if you are selling digital services from the UK to consumers based in other EU countries. Since 1 January 2015, the place of supply rules for these types of service is determined by the location of the customer who receives the service rather than the location of the supplier.

Digital services include things like radio and television broadcasting, telecommunications services and electronically supplied services such as video on demand, downloadable music, games, apps, software and ebooks.

Bereavement payments

04 Jul, 2018

The Bereavement Allowance was a weekly benefit that was payable to certain widows, widowers, or surviving civil partners whose spouse or civil partner died before 6 April 2017. Prior to that date, it was also possible for qualifying applicants to claim the Widowed Parent’s Allowance and Bereavement Payment.

Investing in new equipment for your business?

04 Jul, 2018

The Annual Investment Allowance (AIA) provides 100% first year tax relief for qualifying expenditure on plant and machinery. It can be claimed by an individual, partnership or company carrying on a trade, profession or vocation, a UK non-residential property business or a furnished holiday let. Partnerships or trusts with individuals and companies in the business structure do not qualify for the AIA.

Law firms to be required to publish prices for defending some types of employment tribunal claim

02 Jul, 2018

The Solicitors Regulation Authority (SRA) has confirmed that all regulated law firms will be required to publish information on the prices that they charge, and what these cover, across a range of services, including the pursuit (for members of the public) and the defence (for small businesses) of claims for unfair or wrongful dismissal in employment tribunal. They will also have to display a new digital badge on their website showing the protections their regulated status gives clients.

Government publishes changes to the UK Immigration Rules

02 Jul, 2018

The government has published a new Statement of Changes to the UK Immigration Rules. The main change is to exempt all doctors and nurses from the annual Tier 2 (General) visa limit. The Tier 2 (General) category is the main immigration route for UK employers seeking to recruit non-EEA skilled workers. It is subject to an annual limit of 20,700 places, divided into monthly allocations.

Acas publishes guidance for employers on overtime

02 Jul, 2018

Acas has published new guidance for employers on overtime. The guidance highlights the importance of setting out overtime terms in employment contracts or staff handbooks and urges employers to keep detailed records of the amount of overtime worked and how much time off in lieu has been taken.

The guidance covers:

Tax Diary July/August 2018

28 Jun, 2018

1 July 2018 - Due date for corporation tax due for the year ended 30 September 2017.

6 July 2018 - Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs.

19 July 2018 - Pay Class 1A NICs (by the 22 July 2018 if paid electronically).

19 July 2018 - PAYE and NIC deductions due for month ended 5 July 2018. (If you pay your tax electronically the due date is 22 July 2018)

19 July 2018 - Filing deadline for the CIS300 monthly return for the month ended 5 July 2018.

Equipment you buy for your job

27 Jun, 2018

Employees who use their own money to buy things they need for their job can sometimes claim tax relief for the associated costs. It is usually only possible to claim tax relief for the cost of items used solely for your work.

Tax-Free childcare in the school holidays

27 Jun, 2018

The results of a new YouGov poll published by HMRC has revealed that some 30% of parents polled are worried about balancing their job and school holiday childcare, and 54% of parents admitted they look forward to their children returning to school in September

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