Big changes are coming to the way in which VAT is administered to the construction industry. From 1 March 2021 the CIS VAT Domestic Reverse Charge Measure will apply to supplies of construction work. Proposals: When the reverse charge applies the customer must account for the supplier’s output VAT This […]
Tag Archives: Tax
05
Jan
Jan
For tax professionals, the idea of escaping to some Spanish sun in January is a pipe dream, even in non-Covid times, as we grapple with the personal tax return submission deadline. And with Spain on the brain, we are advising clients to be aware of changes to EU tax […]
21
Dec
Dec
NHS Pension Members – Don’t forget to declare excesses from your 19/20 pension savings on your January Self Assessment return. If you have exceeded your Annual Allowance for 19/20 and you don’t have sufficient unused annual allowance to carry forward to cover the excess, you must declare this on your […]
16
Dec
Dec
If you are wondering where HMRC have been enquiry wise then wonder no more. They will be back with a vengeance. HMRC all but stopped enquiries (tax investigations) from mid April 2020 as it shifted many of its investigations staff into helping taxpayers with emergency coronavirus support schemes. As a […]
28
Oct
Oct
If you draw income from your pension or investments ask yourself – do you have a Power of Attorney in place? If you are taking an income from your pensions and investments and these are managed by a financial adviser, then you will likely meet up with your adviser at […]
21
Oct
Oct
The rules regarding UK residency and UK tax position are not straightforward and we recommend that this is carefully reviewed to ensure your peace of mind. As well as the usual regulations, HM Revenue & Customs’ rules include a 60 day “exceptional circumstance” get out clause. However, this may not […]
15
Oct
Oct
With 2020 having been dominated by Covid-19 and its implications Brexit has, until now, taken a bit of a back seat. And yet, come the end of the year, when the transition period ends, there are some significant implications for all businesses. Key things you need to be aware […]
12
Oct
Oct
You may be able to claim tax relief for additional household costs if you have had to work at home on a regular basis, this includes if you have to work from home because of coronavirus (COVID-19), either for all or part of the week. Additional costs include things like heating, metered […]
06
Oct
Oct
You will be aware that HMRC allowed Self Assessment taxpayers struggling to pay their 2019-20 tax bill due to coronavirus (usually due by 31st July 2020) to opt to settle the majority of this on 31st January 2021 instead. For people with cashflow issues this will have been a welcome […]
17
Aug
Aug
Robson Laidler believes the Government has done a good job supporting many businesses throughout the Covid-19 crisis, but we now need greater clarity on measures put in place to help SMEs survive the deluge of debt so many will face in early 2021. One of the biggest issues facing the […]