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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    Taxation of employee expenses

    The Treasury has released a response to the consultation launched in March 2017 concerning the taxation of employee expenses. Whilst no wholesale changes are planned, further work is going to include a focus on travel and subsistence claims and a consultation on the scope of work related training costs.
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    Brexit headache for HMRC

    The Public Accounts Committee (PAC) is becoming increasingly anxious about how HMRC is going to manage customs arrangements post Brexit and has expressed concern about the potential for lorry queues and food rotting at Dover.
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    Tax indemnity insurance helps to secure sales proceeds upfront

    In an uncertain Brexit climate, company sales are going to be even more closely scrutinised by wary purchasers. Identifying a tax risk may be enough to persuade a potential purchaser not to make an acquisition. More vendors are looking at tax indemnity insurance to allay purchasers’ concerns.
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    Tax advice: Business travel and cash payments

    Our colleagues who answer calls to our tax telephone helplines regularly receive questions about taxable benefits received by employees. This month we take a look at employees who use their own vehicles for business travel and the rules on cash payments.
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    Autumn Budget announces record R&D spend

    One of the key highlights of the Autumn Budget was the government’s commitment to record R&D spending, supported by an increase in the tax credit available. The government’s ambition is to raise the level of investment in R&D in the economy to 2.4% of GDP.
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    Subcontractor status under scrutiny

    HMRC has been adopting its 'one to many' approach again by writing to engagers of subcontractors. The generic letter requires the engager to conduct an employment status check of any subcontractors within 30 days of receipt of the letter.
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