December 2018 Tax Insider

December 2018 Tax Insider

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Included in this month’s article:
– Annual investment allowance to rise to £1m
– Small retailers get business rates boost
– IR35 reforms to be extended to the private sector
– Higher-rate earners hit by national insurance rise

Read the full article here

Planning your estate: wills

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Most people don’t like to think about their own mortality, but planning for the future is important to ensure your property, money and possessions are distributed the way you intend.
Writing a legally valid will is an essential part of this, and can provide peace of mind for you and your loved ones.

Read the full article here

VQOTW: VAT VOUCHER CHANGES

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My clients own a hair and beauty salon and have recently started to issue their own gift vouchers. I understand that the VAT treatment depends on the type of voucher, and also that there have been some recent changes. Please, could you clarify?

HR EXPERT: WRONGLY CLASSED AS SELF-EMPLOYED

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My client has heard several stories in the news about ‘workers’ being owed compensation after being wrongly classed as ‘self-employed’. How can they be sure they have got the employment status of their own staff correct?

VQOTW: SALE OF BUSINESS ASSETS

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My client is changing his business policy with respect to vehicles so that in future vehicles will be leased on contract-hire instead of owned by the company. Several employees are interested in buying the old vehicles. Will he need to charge VAT on the sale of those vehicles to the employees?