14/Jan/2020IT consultant held contract for services
HMRC’s application of the IR35 rules remains ambiguous after an IT contractor successfully appealed to the First-Tier Tribunal (FTT) against a tax charge arising under the intermediaries’ legislation. In RALC […]
13/Jan/2020Are workers employees?
It is important to know whether a worker is employed or self-employed as there are many differences in the way in which they will be taxed. Broadly, employees are taxed […]
11/Jan/2020Make use of the capital gains tax inter-spouse exemption
There are a number of tax concessions available to married couples and civil partners which recognise that their financial affairs may be interlinked. One of these concessions relates the transfer […]
09/Jan/2020Correcting an overpayment of wages
Mistakes happen, and it can be very easy inadvertently to pay an employee too much when doing the wages. Perhaps a number was keyed in incorrectly or figures were transposed, […]
08/Jan/2020Did you file your tax return on Christmas Day?
A new press release by HMRC has highlighted the fact that 3,003 taxpayers took the time to file their tax return online on Christmas Day with a further 9,254 taxpayers completing
08/Jan/2020Last reminder for parents with income in excess of £50,000
Parents could be liable for the High Income Child Benefit tax charge if either partner's income exceeds £50,000 and you are in receipt of child benefit. The charge
08/Jan/2020Don’t forget to pay tax on or before 31 January 2020
The 31 January 2020 is not just the final date for submission of your Self-Assessment tax return for 2018-19 but is also an important date for payment of tax due. This is the final
08/Jan/2020Carry forward unused pension tax allowance
The annual allowance for tax relief on pensions is currently set at £40,000. The annual allowance is further reduced for high earners. If your income is in excess of
08/Jan/2020Budget date announced
The Chancellor of the Exchequer, Sajid Javid has announced that he is planning to hold his first Budget on Wednesday, 11 March 2020.
This announcement follows a turbulent period
08/Jan/2020Big changes following loan charge review
The Government has revealed that a number of important changes will be made to the loan charge following the independent review of the disguised remuneration loan charge policy and
08/Jan/2020New funding for farmers announced
Over the Christmas and New Year break, the Chancellor announced that nearly £3 billion of funding is to be put in place to help support farmers once the UK leaves the EU.
08/Jan/2020Getting clients ready for Brexit
HMRC has published a useful list to help businesses be prepared to import goods from the EU to the UK as we count down to the 31 January 2020 Brexit date. We are then likely to see




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