GET READY FOR THE “OFF-PAYROLL” WORKING RULES”

Where large or medium-sized organisations are paying workers via personal service companies or agencies they will need to operate new procedures from 6 April 2020. The new rules will apply to partnerships, LLPs and larger charities as well as limited companies. Only those organisations that would be classed as “small” under the Companies Act criteria [...]

MINIMISE THE HIGH INCOME CHILD BENEFIT CHARGE

The substantial increase in the higher rate threshold to £50,000 is good news for many taxpayers. However, that same figure is the point at which child benefit starts being clawed back and there has been no increase in that threshold since the High Income Child Benefit Charge was introduced in 2013/14. The charge applies if [...]

April Tax News

NO TAX CHANGES ANNOUNCED IN SPRING STATEMENT Despite the continuing uncertainty surrounding Brexit the Chancellor delivered his Spring Statement on 13 March. The purpose of this statement is to update the House of Commons and the country on the state of the economy; it is not intended to include any major tax announcements, and none [...]

SELF-EMPLOYED OR STARTING A MICRO BUSINESS?

SELF-EMPLOYED OR STARTING A MICRO BUSINESS? Did you know that almost one in seven people in the UK are self-employed? You might also classify self-employment as "freelance work". UK research suggests that 30% of those who work in the media call themselves "freelance". Research by Skills Development Scotland noted that the creative sector is [...]

Tax News

Welcome to our monthly newswire. We hope you enjoy reading this newsletter and find it useful. BREXIT – WHAT ARE THE TAX IMPLICATIONS? One of the main reasons that individuals voted "leave" was to restore fiscal sovereignty to the UK so that we are able to set our own laws, in particular [...]