by Jessica Garbett | Aug 23, 2019 | ACCA, capital taxation, personal taxatation, property taxation
The Finance Bill 2019/20 contains new rules on PPR relief. PPR relief is amended for disposals (exchange of contracts) on or after 6 April 2020. In summary, be aware of the following: PPR entitlement will be restricted during the final period of ownership to a period...
by Jessica Garbett | Aug 21, 2019 | ACCA, business issues
ACCA and IMA’s latest joint survey still points to a weakening global economy. Our GECS global confidence index in Q2 fell back slightly, after the bounce in Q1. But confidence remains above the record low reached at the end of 2018. The message from GECS is still...
by Jessica Garbett | Aug 19, 2019 | ACCA, VAT
We’ve already briefed on this, but the issue bears repeating, and this guide from ACCA In Practice will be helpful VAT reverse charge comes into effect on 1 October 2019. It is major change to the way VAT is collected in the building and construction industry....
by Jessica Garbett | Aug 16, 2019 | ACCA, business taxation, enquiries and tax disputes, personal taxatation
Individual wins battle with HMRC over a partial closure notice around overseas income and domicile. The First-tier Tribunal has held, in Embiricos v HMRC [2019] UKFTT 236 (TC) (9 April 2019), that a partial closure notice which was introduced in 2017 could be issued...
by Jessica Garbett | Aug 14, 2019 | ACCA, business issues, pension reform
The Pension Regulator is reminding SMEs that re-enrolment must be carried out every three years and it is a two-stage process. First, employers must check whether they have any staff to re-enrol and ensure those who are eligible are put back into a pension scheme....
by Jessica Garbett | Aug 12, 2019 | ACCA, personal finance
Don’t delay tax credit renewal – If you missed the tax credit renewal deadline make your claim now. On 1 July 2019 HMRC launched an advertising campaign reminding customers to renew their tax credits by the deadline, which was 31 July. Guidance on how to renew...
