Brexit – What now for businesses that trade with the EU?

“There is still uncertainty around what Brexit will mean and planning for a “No Deal” scenario seems sensible right now.  Businesses that buy and sell from the EU should have contingency plans in place which will need to be flexible to cope with a variety of possible...

What is the 2019 loan charge?

This is a tax charge on any outstanding loans that exist as a result of a disguised remuneration tax avoidance scheme. It applies to any loans that were taken out under a disguised remuneration scheme since 6 April1999. The most common schemes were Employee Funded...

New VAT rules for building trade in 2019

Under new rules due to come in on 1 October 2019 builders, sub-contractors and other trades associated with the construction industry will have to start using a new method of accounting for VAT. The measure is designed to combat VAT fraud in the construction sector...

The benefits of outsourcing

There are only so many hours in the day and you / your team probably don’t have the bandwidth to do everything that you would like to do. Outsourcing can save you time and money, but there are many other reasons to consider outsourcing certain business functions....

Off-payroll rules (IR35) to be extended to private sector workers?

As mentioned in the Autumn Budget, the Government has opened a consultation into a possible extension of the rules that currently apply to “off-payroll” workers in the public sector to the private sector. This consultation is being undertaken at the same time as the...