Goodwill valuation successfully defended

    HMRC’s stance on the valuation of goodwill in trade-related properties has become much stricter. Therefore advisors need to be prepared for their original valuations to be robustly challenged. Plan for the worst and hope for the best!
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    Use of labour providers

    HMRC are writing to businesses who have outsourced both their payroll and their employees to a third party labour provider. The reason for the letter is to notify the business that they believe the third party has not accounted for all of the PAYE and VAT and asks for information and assurances regarding due diligence undertaken.
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    No VAT payable on imports at the border

    The government has announced through guidance issued on 23 August 2018 that if there is a no deal Brexit, businesses importing goods from the EU or from outside the EU will not have to pay import VAT as soon as the goods arrive in the UK.
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    Tax advice: How to calculate the income tax liability for a non-resident client and HMRC to abolish receipt checking for benchmark scale rates

    Our round-up of topical news this month features how to calculate the income tax liability for a non-resident client and we look at the proposals in the 2018/19 Finance Bill which simplify the rules regarding reimbursed expenses incurred by employees working in the UK, with similar simplification for expenses incurred by those working overseas.
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