Tax Aware Issue 14: June 2021 News IR35 for the private sector: Where are we now? The IR35 rules as now applied to private sector businesses came into force on 6 April 2021. Now two months in, our experience has been that many consultants that are deemed to be subject to IR35 have been required to operate through umbrella companies, with others being brought into their clients' payroll. News SSE: Hiving down before a sale deemed ineffective Simplicity is good but sometimes it comes at a cost, as a taxpayer recently found out in the case of M Group Holdings Limited v HMRC (TC/2019/04839) when losing their claim for tax relief under the substantial shareholding exemption (SSE). News Personal tax: The Big Freeze The Finance Bill 2021 is expected to receive Royal Assent before the parliamentary summer recess in July. Rather than raise taxes, the Government has chosen the less politically controversial route of taxing by stealth by freezing the amount that people can earn tax-free. News HMRC targets employers in furlough fraud crackdown Although almost a year has passed since the implementation of the furlough scheme, HMRC is cracking down on fraudulent use of the Scheme during the COVID-19 pandemic. News VAT: The end of duty-free shopping in the UK The VAT Retail Export Scheme used to allow overseas visitors buying certain goods in person in the UK to receive a refund of any VAT paid on those goods. The Scheme was abolished on 1 January 2021. News PAYE and Corporate Tax Residence: Issues to consider when international workers work from home in the UK If an employee of an overseas employer is working in the UK, this can give rise to altered PAYE obligations for the employer and employee, and in certain cases could make the employer's profits taxable in the UK. Subscribe Never miss a publication by signing up to our mailing list Subscribe Tax Aware: Subscribe Tax Aware Issues Issue 20 Dec 2023 Issue 19 May 2023 Issue 18 Jan 2023 Issue 17 Sep 2022 Issue 16 Apr 2022 Issue 15 Jan 2022 Issue 14 Jun 2021 Issue 13 Feb 2021 Issue 12 Sep 2020 Issue 11 Apr 2020 Issue 10 Nov 2019 Issue 9 Jul 2019 Issue 8 Feb 2019 Issue 7 Oct 2018 Issue 6 Jul 2018 Issue 5 Apr 2018 Issue 4 Jan 2018 Issue 3 Oct 2017 Share
News IR35 for the private sector: Where are we now? The IR35 rules as now applied to private sector businesses came into force on 6 April 2021. Now two months in, our experience has been that many consultants that are deemed to be subject to IR35 have been required to operate through umbrella companies, with others being brought into their clients' payroll.
News SSE: Hiving down before a sale deemed ineffective Simplicity is good but sometimes it comes at a cost, as a taxpayer recently found out in the case of M Group Holdings Limited v HMRC (TC/2019/04839) when losing their claim for tax relief under the substantial shareholding exemption (SSE).
News Personal tax: The Big Freeze The Finance Bill 2021 is expected to receive Royal Assent before the parliamentary summer recess in July. Rather than raise taxes, the Government has chosen the less politically controversial route of taxing by stealth by freezing the amount that people can earn tax-free.
News HMRC targets employers in furlough fraud crackdown Although almost a year has passed since the implementation of the furlough scheme, HMRC is cracking down on fraudulent use of the Scheme during the COVID-19 pandemic.
News VAT: The end of duty-free shopping in the UK The VAT Retail Export Scheme used to allow overseas visitors buying certain goods in person in the UK to receive a refund of any VAT paid on those goods. The Scheme was abolished on 1 January 2021.
News PAYE and Corporate Tax Residence: Issues to consider when international workers work from home in the UK If an employee of an overseas employer is working in the UK, this can give rise to altered PAYE obligations for the employer and employee, and in certain cases could make the employer's profits taxable in the UK.