My client is an online retailer, selling through Amazon and other online marketplaces. They have recently received correspondence from Amazon with regard to the online sales they make to customers in Germany. It appears that Amazon is insisting that my client must VAT register in Germany if they want to continue to sell to German customers via Amazon. Can you advise what has prompted this action?
(more…)
Tax Cards 2019/20
TQOTW: SELF-ASSESSMENT PENALTIES
Now that the self-assessment filing date of 31 January has passed once again, I would like to be able to understand and explain to clients the penalty regime that will apply if their returns have not been filed on time.
(more…)
Year-End Tax Guide 2018/19
February 2019 Tax Insider
Included in this months issue:
– Auto-enrolment fines rise 146%
– Dual-registration service passes 200,000 milestone
– Partners hit by avoidable ISA tax charge
– Think tank proposes tax changes to save £7bn (more…)
Changes to Probate in 2019
From April 2019, some estates in England and Wales could be required to pay almost £6,000 for a service that currently costs less than 4% of that amount.
This is because of a proposed change to the fees families must pay to administer the estate of someone who has died. (more…)
Read MoreThe Risks of a Tax Investigation
It’s a fact – humans are bad at assessing risk. We’re terrified of things that rarely happen (plane crashes, power station meltdowns) but relatively blasé about things that are statistically more likely to harm us, such as unwashed lettuce.
The likelihood of HMRC swooping to investigate your business’s tax affairs seems to be a particularly difficult risk to quantify. (more…)
Read MoreVQOTW: CHANGE IN POLICY FOR RETAINED DEPOSITS
My client and her husband run a boutique hotel in partnership. Due to the location and quirky nature of the décor, they are increasingly getting requests to host celebrations and parties in addition to overnight accommodation. As the financial outlay in preparing and staging the events can be quite considerable, the client asks for a 25% deposit up-front, which is non-refundable if the event is cancelled. Please, could you advise on the VAT treatment and time of supply implications of these deposit payments? (more…)
Read MoreTQOTW: ULTRA-LOW EMISSION VEHICLES
How do the new company car tax bands favour ultra-low emission vehicles (ULEVs)?
(more…)
Self Assessment returns: unbelievable excuses and dubious expenses
As the deadline approaches for submitting returns and paying tax for 2017 to 2018, HMRC reveals some of the most bizarre excuses it has received for not paying on time.
Read MoreJanuary 2019 Tax Insider
Included in this months article:
– Businesses getting to grips with apprenticeship levy
– R&D investment grows to £23.7bn in 2016/17
– OTS calls for inheritance tax system to be digitised
– Critics urge delay in rollout of MTD
National Insurance Planning
National insurance contributions (NICs) are set aside to pay the state pension and other benefits, but due to the UK’s ageing population the National Insurance Fund is under increasing strain, with the state pension taking up more than 90% of its annual outlay in 2018.
Read MoreOutsourcing Payroll
Does it make sense for your business?
Around 1.4 million businesses in the UK employed members of staff in 2018, and all of them shared one thing in common: the legal requirement to run payroll.
Read More