We are pleased to offer you a complimentary copy of our autumn newsletter.
While the country basked in the hot weather and sporting excitement, the government was reviewing consultations on several topics, hinting at changes to come in the Budget later this year. Ahead of this, however, new rules and tribunal rulings are affecting personal and business affairs now. The impacts of these changes will be felt across a wide variety of areas, including property sales, Universal Credit payments and off-payroll working rules for contractors.
The articles in this issue are:
- Using Enterprise Management Incentives to retain talent EMI options can offer tax benefits to help smaller, higher-risk companies to attract and retain key employees
- Don’t end up in hot water over VAT VAT mistakes can be very expensive and a recent First-Tier Tribunal case shows just how easy it is to get things wrong.
- Defining your employment status for IR35 The way HMRC applies the off-payroll working rules has been successfully challenged in a tax tribunal appeal, with implications for contractors and the so-called IR35 regime generally.
- Fluctuating incomes impact on Universal Credit Inconsistencies in the Universal Credit rules could cost self-employed claimants hundreds of pounds a year.
- The increasing burden of property ownership Changes are about to tax place affecting how both UK resident and non-resident individuals pay tax on property sales.
- Unpicking complex reliefs The Office of Tax Simplification is carrying out reviews of saving and investment income and inheritance tax.
We hope you enjoy reading the newsletter. Please get in touch if you need help or advice on any of the topics covered.