no deal brexit Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/no-deal-brexit/ Chartered Accountants & Business Advisors Wed, 05 Sep 2018 16:13:46 +0000 en-GB hourly 1 https://wordpress.org/?v=7.1.3 https://www.wrloaccountants.co.uk/wp-content/uploads/2018/01/cropped-WRLO-logo-big-32x32.jpg no deal brexit Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/no-deal-brexit/ 32 32 September 2018 news https://www.wrloaccountants.co.uk/september-2018-news/ Wed, 05 Sep 2018 10:09:37 +0000 https://www.wrloaccountants.co.uk/?p=2914 In this month’s Enews we report on HMRC’s reminder to taxpayers regarding declaring offshore assets and available software for MTD for VAT. We also advise on the latest fuel advisory rates for company car drivers and guidance for employers.   With statistics on Stamp Duty Land Tax and a raft of ‘No deal’ Brexit notices there is lots to update you on. HMRC warning: time to declare offshore assets Stamp duty cut: 121,500 households save £284 million Software suppliers – Making Tax Digital for VAT Advisory fuel rates for company cars HMRC latest guidance for employers ‘No deal’ Brexit guidance HMRC warning: time to declare offshore assets HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force. HMRC is urging UK taxpayers to come forward and declare any foreign income or profits on offshore assets before 30 September to avoid higher tax penalties. New legislation called ‘Requirement to Correct’ requires UK taxpayers to notify HMRC about any offshore tax liabilities relating to UK income tax, capital gains tax, or inheritance tax. The most common reasons for declaring offshore tax are in relation to […]

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