Experts warning over insolvency debts Prioritising HMRC over other creditors in insolvencies will have a 'negative impact on the UK's economic growth', experts have warned Chancellor of the Exchequer Sajid Javid. The
Independent review of the Loan Charge The government has initiated a review of the Loan Charge and whether the policy is an appropriate way of dealing with disguised remuneration loan schemes used by
Strong Customer Authentication The Financial Conduct Authority (FCA) has agreed a plan to give the payments and e-commerce industry extra time to implement Strong Customer Authentication (SCA). From 14 September 2019, new
Private Residence Relief changes The government published draft legislation for the next Finance Bill including draft clauses on the changes to Private Residence Relief (PRR). The draft legislation is subject to consultation
Distribution of assets: Insolvency hierarchy changes From 6 April 2020, insolvency legislation will be amended to move HMRC up the creditor hierarchy for the distribution of assets in the event of insolvency by
Digital Services Tax from April 2020 From April 2020, the government will introduce a new 2% Digital Services Tax on the revenues of search engines, social media platforms and online marketplaces which
Consultation on the operation of Insurance Premium Tax HMRC has launched a consultation to review the extent to which the emerging practices are leading to 'unfair tax outcomes' in the administration and
'Springtime' tax scams target young people HMRC has warned young people in the UK to 'stay vigilant' in order to avoid falling victim to 'Springtime' tax refund scams. Criminals often target young
Latest guidance for employers HMRC has issued the latest version of the Employers Bulletin. This April edition has articles on a number of issues including: Cash Allowances, Flexible Benefits Packages and Salary
HMRC wins disguised remuneration avoidance case HMRC has won a disguised remuneration avoidance case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able
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