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Are you making the most of Trivial Benefits

Earlier this year we highlighted the tax concession afforded by the so-called Trivial Benefit rules. We said: It is possible to make small tax-free payments to employees, including directors… Employers and employees don’t have to pay tax on such a benefit if all of the following...
1 month 2 weeks ago

Why you may need an EORI number

The end of next month, 31 October 2019, is the latest deadline for our exit from the EU and the recent hiatus seems to be pushing the UK ever closer to a no-deal outcome. Accordingly, if you are involved in buying or selling goods to EU countries, you should apply now for an...
1 month 2 weeks ago

Changes to contractor VAT from 1 October 2019

We have alerted building contractors and sub-contractors in previous newsletters of changes to the VAT rules from 1 October 2019. In a nut-shell, if you are subject to the Construction Industry Scheme and if you are registered for VAT, from the 1 October 2019 you may need to change...
1 month 2 weeks ago

Direct marketing director punished

If your company engages in direct marketing, you may want to consider the following case published by the Insolvency Service: A property renovation boss who caused his company to make more than 110,000 unsolicited marketing calls has been banned for five years. From its...
1 month 3 weeks ago

How fit is your business

In much the same way that we make judgements about our personal fitness: are we overweight, do we get enough exercise, do we eat the right food; similar judgements can be made about your business. There is also a raft of external pressures that we have to consider as individuals....
1 month 3 weeks ago

The 1972 Brussels Act has been repealed

If you doubted the resolve of our government regarding the implementation of the 2016 referendum the following announcement may clarify matters. The Government has signed into law legislation to repeal the Act of Parliament which set in stone Britain’s EU (EEC) membership in 1972....
2 months 1 day ago

Driving and staying in the EU after 31 October 2019

If, as our new government intends, we leave the EU after 31 October 2019, with or without a deal, what changes will drivers and travellers from the UK be likely to face when they cross the channel after this date? Bus and coach drivers According to the latest updates on the Gov.uk...
2 months 5 days ago

Enhanced redundancy cover for parents

The present legal protections against redundancy is to be extended by six months for new mothers returning to work. Parents returning from adoption and shared parental leave will also be protected. The move comes in response to a government consultation which found that new parents...
2 months 2 weeks ago

Internet giants face tax-hike

It has been confirmed that from April 2020, the government will introduce a new 2% Digital Services Tax (DST) on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users. This is an attempt to tax, in the UK, revenues earned by...
2 months 2 weeks ago

New homes to have car charge-points

In a bid to accommodate yet more electric vehicles on our roads, the government has launched a consultation aimed at increasing the number of homes with electric car charge-points. In a recent press release they said: “All new-build homes could soon be fitted with an electric car...
2 months 2 weeks ago

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