Are your workers employed or self-employed

Oct 28, 2014

There can be savings, particularly for employers, if a worker can be paid as a self-employed person. This is particularly so in the construction industry where most workers are engaged by contractors…

Read more

What is the statutory minimum holiday entitlement?

Oct 23, 2014

Paid annual leave is a legal right that an employer must provide. Almost all workers are legally entitled to 5.6 weeks’ paid holiday per year (known as statutory leave entitlement or annual leave).…

Read more

Pay when you are paid

Oct 22, 2014

Apart from the retail trade and internet traders most of us send an invoice when we provide our goods or services to customers and then wait for the period of credit to expire before we get paid.

During…

Read more

Reclaiming pre-registration VAT input tax

Oct 17, 2014

If you have been trading for some time before you register your business for VAT don’t forget to consider your option to reclaim VAT on goods and services purchased prior to your registration date.

For…

Read more

Clamp-down on use of hybrid mismatches

Oct 14, 2014

The government has announced a clamp-down on the decade-long use of ‘hybrid mismatches’, a technique commonly used by multinational companies to significantly reduce their tax bills.

It is…

Read more

Construction industry tax penalties

Oct 13, 2014

 If any of your Construction Industry (CIS) returns are filed one day late, HMRC will charge an initial fixed penalty of £100.

 Additionally, if they have still not received that return:

  • two…

Read more

Understanding the new State Pension

Oct 08, 2014

This month sees the launch of a new service that provides a personalised written estimate of what you can expect to receive under the new State Pension system. This will be based on your work history…

Read more

Farming tax strategy - the herd basis

Oct 02, 2014

Farm animals are usually dealt with for tax purposes as trading stock: the costs of animals are deducted from monies received when the animals are sold and any resultant profit taxed as income.

However,…

Read more

US Treasury blocks tax inversions

Oct 01, 2014

A move by the US Treasury to close loopholes that encourage US companies to merge with foreign firms and relocate their tax residences offshore could stifle takeovers announced this year worth hundreds…

Read more

Sign up to our newsletter

Stay on top of what's happening, get information, and learn about our people.

Sign up