October Business and Tax News

Posted: 7th Oct
Harts Accountants Macclesfield

Our monthly newswire is designed to keep you informed of the latest business and tax news

Click on title for further information and please contact us if you have any questions. Remember, we’re here to help.

VAT domestic reverse charge for building and construction services delayed – HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services.

Independent review of the Loan ChargeThe government has initiated a review of the Loan Charge and whether the policy is an appropriate way of dealing with disguised remuneration loan schemes.

Senior clinicians’ pensions consultation – The government has launched a consultation on proposals to give senior NHS doctors and nurses access to more flexible pensions.

HMRC collects record amounts of IHT The government has announced that HMRC collected a record sum of £5.4 billion in inheritance tax during the 2018/19 tax year.

‘Major gaps’ in no-deal Brexit guidance – According to the British Chambers of Commerce (BCC) there are ‘major gaps’ in the government’s no-deal Brexit guidance for UK businesses.

Brexit-readiness events for business – The Department for Business has launched a nationwide programme of events to help businesses prepare for Brexit.

Experts warning over insolvency debts – Prioritising HMRC over other creditors in insolvencies will have a ‘negative impact on the UK’s economic growth’.

Money Laundering non-compliance HMRC has published details of businesses that have failed to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.