tax free childcare Archives - WRLO Accountants

August 2019 news

WRLO Accountants — Fri, 02 Aug 2019 16:24:50 +0000

In this month’s Enews we report on changes being introduced from April 2020 including the extension of the off-payroll working rules to the private sector, the introduction of a new Digital Services Tax and Private Residence Relief changes. We also consider HMRC insolvency hierarchy changes and the VAT reverse charge for the construction industry. With wage growth at a high, a reminder on Tax-Free Childcare and how to spot HMRC scammers there is lots to consider. Off-payroll rules for the private sector Digital Services Tax Insolvency hierarchy changes Private Residence Relief changes Working parents may be eligible for tax-free childcare this summer VAT changes may cause construction chaos Wage growth at a high Updated guidance on spotting HMRC scammers Off-payroll rules for the private sector The government has published the draft legislation for the next Finance Bill including the rules for off-payroll working in the private sector. The legislation is open for consultation until 5 September 2019. The new rules will apply from April 2020 and the effect of these rules, if they apply to intermediaries, typically Personal Service Companies (PSC), will be: the medium or large business (or an agency paying the PSC) will calculate a ‘deemed payment’ based on […]

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February 2018 news

WRLO Accountants — Tue, 06 Feb 2018 21:36:39 +0000

In this month’s Enews we report on the roll out of Tax-free Childcare and the reduction in HMRC scam texts. We also consider the latest list of deductible subscriptions and rejected Self assessment expenses claims and excuses. With revised income tax bands for Scottish taxpayers there is lots to update you on. HMRC rejected Self Assessment expenses and excuses Tax-free childcare roll out HMRC halts thousands of scam text messages Updated list of professional subscriptions What will the Spring Statement bring? Scotland revise income tax bands HMRC rejected Self Assessment expenses and excuses HMRC have released the latest list of imaginative excuses made by individuals who failed to submit their self assessment return by 31 January deadline in 2017. Excuses include alien sightings and being too busy touring with a one-man play. HMRC’s annual list of outlandish excuses is used to publicise the self assessment deadline of 31 January following the end of the tax year. An automatic £100 penalty applies to those who have the obligation to complete a return and miss the filing deadline, regardless of whether the individual has a tax liability to pay or not. Angela MacDonald, HMRC’s director general of customer services, said: ‘Each year […]

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