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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    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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    Response to the off payroll working in the private sector consultation

    Following on from our previous update we have compiled our response to the IR35 consultation (Off payroll working in the private sector, closing date 10 August 2018). We provided our responses based on our experience of dealing with contractors, agencies and end client organisations and looking at what has already taken place in the public sector.
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    National Minimum Wage Compliance

    It is clear that compliance with the NMW rules is extremely high on the Government agenda, and we have seen a substantial increase in calls from advisers on this subject. Given that all complaints notified to HMRC are investigated, coupled with the punitive penalty regime, it is a risk area that advisors should be discussing with their clients.
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