Covid-19 emergency postpones tax reforms The UK government has delayed proposed changes to the IR35 tax rules until 2021 in response to the COVID-19 crisis. MP Steve Barclay, the chief secretary to the treasury, unexpectedly announced the move on the evening of March 17th and was keen to stress that it was merely a postponement.
IR35 Changes The planned changes to the UK’s Inland Revenue 35 (IR35) Laws are intended to create a clear distinction between independent contractors and full-time employees. By determining employment status, HMRC hopes to ensure that proper tax contributions are obtained. In order to achieve this, IR35 shifts the responsibility for determining the status of workers
Through a Time Window, Darkly In April 2020, new rules will be taking effect regarding Capital Gains Tax (CGT). The policy change from HMRC aims ‘to improve collection of CGT by reducing error and increasing compliance; customers will have 30 days following property disposal to file their return and make an advance payment towards their
MTD has landed We first examined Making Tax Digital (MTD), and the arguments surrounding it, back in 2017. Now that the dust has settled and MTD has come into force, it seems a good time for another look. From VAT periods commencing 1st April, MTD now applies for most companies that have taxable turnover above