Companies House will be reformed to clamp down on fraud and money laundering, with directors unable to be appointed until their identity has been verified.(more…) Read More
The determination of an individual’s employment status is not always straightforward and there is no single definition. Employment tribunals and HMRC may consider different factors in deciding the issue. This topic explores the distinctions in statute and common law between an employee (who works under a contract of employment), a worker and an independent contractor. This topic examines each of these in turn, including the tests established by common law to determine employment status. It also considers the atypical types of contract that have grown in popularity in recent years, notably part-time and fixed-term contracts, zero-hours contracts, zero-hours contracts, apprentices and individuals employed by employment agencies.(more…) Read More
According to reports, the number of fraudulent claims has continued to increase in recent weeks as exploitation of the Coronavirus Job Retention Scheme (the furlough scheme) becomes a new Government threat. HMRC has announced the penalties that can be imposed on the employers who commit furlough fraud. Opeyemi Ogundeji, researcher and employment law writer at Croner-i, explores this in more detail below.(more…) Read More
While many have decided that remote working is the future, a number of organisations are finding the disadvantages increasingly apparent. Jon Herbert investigates whether these drawbacks are simply the result of bad practice.(more…) Read More
My client’s limited company owns various holiday cottages and they are applying the temporary reduced rate to this income from 15th July 2020 to 12th January 2021. They also own several narrow boats, camper vans and motorhomes which have become very popular this year with more families wanting to holiday in the UK in their own personal space. They have read various articles online and they are a little confused as to whether the reduced rate can be applied to the rental income received from narrow boats, camper vans and motorhomes?(more…) Read More
INCLUDED IN THIS MONTH’S ARTICLE:
- VIDEO-WITNESSED WILLS BECOME LEGAL IN ENGLAND AND WALES
- BUSINESSES CLAIM LATE PAYMENTS CRISIS DEEPENS DURING LOCKDOWN
- FURLOUGHED WORKERS GET REDUNDANCY PAY PROTECTION
- FIRMS ‘UNABLE TO PREPARE’ FOR END OF BREXIT TRANSITION PERIOD
With everything that’s happened so far this year, it might be easy to forget your obligations to file a tax return for 2019/20 by midnight on 31 January 2021.
The coronavirus pandemic and subsequent economic crisis has caused chaos with businesses up and down the country, most of which closed entirely during April 2020.
Whether you’re making exit plans or you want to give confidence to investors, knowing the value of your business is a vital step. From the inside, it might be hard to say what that value is. You’ve put long hours of hard work into building your business from the ground up, but what does that mean to a buyer or investor in monetary terms?(more…) Read More
HMRC have published company car advisory fuel rates for use from 1 September 2020.(more…) Read More
My client operates a luxury hotel in the UK. They have recently reopened and will now recommence selling face value gift vouchers. The holder can redeem their vouchers against room reservations, dining at the restaurant/bar and when using the leisure and spa facilities. The restaurant does not offer a takeaway service. Historically the client has always charged VAT at the standard rate on all their supplies. Could you please clarify the impact of the temporary rate change on the issue of face value vouchers. When will the VAT be due and at which rate?(more…) Read More
Several years ago I separated from my wife but the divorce has now gone through. I still own half of the marital home but I have been living in rented accommodation since the separation. Can I claim that my old marital home is still my main residence for capital gains tax purposes when it is sold?
I intend to remarry and my girlfriend wants to give me a share of her current home after we are married. Apparently this was let for a time before my girlfriend made it her home. Would there be any capital gains tax advantage in doing this?(more…) Read More
My client is a limited company operating a self-drive car hire business. I understand that because the cars are intended to be used primarily for self-drive hire, the vehicles are excepted from the block on recovery of input tax, and my client has recovered VAT in full on the purchase of each car.(more…) Read More