MTD VAT pilot about to go live

    If the outcome of an HMRC poll question is anything to go by, a lot of work lies ahead trying to prepare clients for MTD. Is the VAT pilot a useful entry point? If not, what else can be done? We offer some practical tips.
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    Making tax fashionable

    From smart eyewear, smart watches, to smart footwear and smart clothing, this is the era of wearable and fashion tech. In this article we look at how the government’s R&D tax credit incentive is rewarding innovators.
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    Another line in the sand

    As previously announced at the Autumn Budget 2017, HMRC has launched a consultation with a view to extending the time limit to assess tax involving offshore income. The deadline for responses is 14 May 2018 with draft legislation expected this summer.
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    The worker status “gig”

    Following the highly publicised “gig economy” tribunal cases we saw the Taylor Review hand down recommendations to reform and clarify the law on “worker status”. A draft Bill is now with the select committee which sets out legislative changes to the definition of “worker”, a new default worker status and a new class of “independent contractor”. Read our in depth analysis on this and the tax and employment law consequences.
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    Funding review of 2017

    It has been our most successful year to date, securing £17.2m of government grants for companies to perform R&D and purchase capital equipment to unlock growth.
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    MTD: New points based penalty model

    Earlier this year HMRC began a consultation exploring changes to the penalty system for late submission failures under Making Tax Digital (MTD). The decision has now been made to adopt a points based model, with draft legislation expected in the summer of 2018.
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    Rent a Room consultation

    Published on 1 December 2017, the consultation is set to explore the current application of Rent a Room relief and whether changes are needed, particularly to support longer term residential accommodation.
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