Harts CHARTERED ACCOUNTANTS

October Business and Tax News

7th Oct
Harts Accountants Macclesfield

Our monthly newswire is designed to keep you informed of the latest business and tax news

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VAT domestic reverse charge for building and construction services delayed – HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services.

Independent review of the Loan ChargeThe government has initiated a review of the Loan Charge and whether the policy is an appropriate way of dealing with disguised remuneration loan schemes.

Senior clinicians’ pensions consultation – The government has launched a consultation on proposals to give senior NHS doctors and nurses access to more flexible pensions.

HMRC collects record amounts of IHT The government has announced that HMRC collected a record sum of £5.4 billion in inheritance tax during the 2018/19 tax year.

‘Major gaps’ in no-deal Brexit guidance – According to the British Chambers of Commerce (BCC) there are ‘major gaps’ in the government’s no-deal Brexit guidance for UK businesses.

Brexit-readiness events for business – The Department for Business has launched a nationwide programme of events to help businesses prepare for Brexit.

Experts warning over insolvency debts – Prioritising HMRC over other creditors in insolvencies will have a ‘negative impact on the UK’s economic growth’.

Money Laundering non-compliance HMRC has published details of businesses that have failed to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.