We are pleased to offer you a complimentary copy of our winter newsletter.
This newsletter comes to you shortly after HMRC made the surprise announcement on 16 October that the Making Tax Digital for VAT timetable is changing – now certain complex businesses will have a new deferred filing deadline of October 2019 such as those with group registrations.
The articles in this issue are:
- Closing loopholes around director loans A recent First-Tier Tribunal decision has drawn attention to the tax treatment of writing off director loans.
- Intestacy and its consequences for business continuity Over 30 million people in the UK don’t have wills, but if you die intestate – without having made a will – there are strict rules about how it must be passed on.
- Making Tax Digital starts to take shape HMRC has updated the Making Tax Digital (MTD) programme and the April 2019 deadline is fast approaching for most VAT-registered businesses to submit their first VAT returns.
- Transforming remuneration in disguise More controls on extracting company profits are on their way, with a new tax charge on disguised remuneration from next April.
- From the ashes: Government cracks down on phoenixing The government is proposing to introduce fine and disqualifications for directors who allow their companies to go bust to avoid debts.
- Avoiding tax pitfalls for new and working parents It can be hard for new parents to keep track of the financial implications of having a baby. There are some issues, however, that it can pay to remember.
We hope you enjoy reading the newsletter. Please get in touch if you need help or advice on any of the topics covered.