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New consultation on IR35 rules

by | Nov 27, 2017 | ACCA, budget, IR35, PSC

HMRC announces consultation on extending the ‘off payroll working’ rules to the private sector.  The government reformed the off-payroll working rules (known as IR35) for engagements in the public sector in April 2017. The Autumn Budget Report 2017 states that early...

Simplification of tax administration

by | Nov 27, 2017 | ACCA, budget, penalties

Could a points-based system be on the cards? On 1 December 2017 we are expecting the release of HMRC’s consultation findings on late submission and late payment sanctions. The release is expected to include the issue of alignment of penalty interest and late payment...

Budgeting for a Small Business

by | Nov 24, 2017 | business issues

We all have different strengths and weaknesses.   Some small business owners will be financially savvy, others less so. A question that comes up sometimes is budgeting and forecasting, as part of managing your personal finances.  For many its common sense, but for...

VAT on e-commerce transactions

by | Nov 20, 2017 | ACCA, VAT

How the VAT regime applies to digital services. The core of the VAT regime applying to services is the concept of the place of supply. Place of supply In simple terms, a place of supply is the place where the supplier or the customer (business or non-business)...

Healthshield Friendly Society Limited

by | Nov 6, 2017 | musings

A note about this company, Healthshield Friendly Society Limited, and any one planning to deal with them.  I honestly suggest you don’t. They were recommended to us by a PHI Broker for covering excess on PMI policies. In the even they have turned out to have...

2017 Changes to PSC Notification Regime

by | Nov 4, 2017 | business issues

In this context PSC means Person With Significant Control, normally 25% plus shareholders, but conceivably others with voting rights. When the PSC regime came in during 2016 changes in PSC details only had to be notified annually, although people were encouraged to...