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G7 Finance Ministers meeting

  • Posted On: 18 May 2017
G7 Finance Ministers meeting The G7 is a forum of seven of the largest economies in the world. Italy currently presides over the group which comprises the UK, US, Germany, France, Italy, Canada and Japan. China, Brazil and India are not included. The group has in the past been

Advance Assurance for R&D

  • Posted On: 18 May 2017
Advance Assurance for R&D Advance Assurance for Research and Development (R&D) tax relief claims is available to small companies making their first R&D claim. To be eligible, the companies must also have an annual turnover of less than £2million and less than 50

Agent authorisation form

  • Posted On: 18 May 2017
Agent authorisation form The 64-8 form is the most commonly used form to authorise an agent, accountant or tax adviser to deal with HMRC on someone’s behalf. There are separate forms to authorise an agent to use the PAYE for Agents online service and for some High Income

Diverted Profits Tax

  • Posted On: 18 May 2017
Diverted Profits Tax The Diverted Profits Tax (DPT) came into force on 1 April 2015. The DPT is an anti-avoidance measure that targets large multinational businesses that the government deem to be using contrived and artificial arrangements to divert profits overseas

Employer deadline for providing P60s

  • Posted On: 18 May 2017
Employer deadline for providing P60s The deadline for employers to provide employees with a copy of their P60 form is 31 May 2017. A P60 must be given to all employees that were on the payroll on the last day of the 2016-17 tax year (5 April 2017). The P60 is a statement issued to

IR35 and the public sector

  • Posted On: 17 May 2017
IR35 and the public sector The rules for individuals providing services to the public sector via an intermediary such as a personal service company (PSC) changed from April 2017. The new rules shift the responsibility for deciding whether the intermediaries’ legislation

Credit Card Sales Campaign

  • Posted On: 11 May 2017
Credit Card Sales Campaign HMRC’s Credit Card Sales campaign continues to be available for individuals and businesses that accept credit and debit card payments and have not paid the right amount of tax due. The campaign offers the opportunity for anyone affected to bring

Default surcharge appeal

  • Posted On: 11 May 2017
Default surcharge appeal A recent First-tier Tribunal case examined an appeal by a taxpayer against a penalty for late submission of a VAT return for the quarter ending 30 June 2016 known as a default surcharge. A VAT default surcharge is a penalty levied on businesses that

Employee expenses consultation

  • Posted On: 11 May 2017
Employee expenses consultation The government announced a review of the taxation of employee expenses at Autumn Statement 2016. A consultation was launched earlier this year examining the use of Income Tax relief for employees’ business expenses, including those that are not

VAT grouping rules

  • Posted On: 11 May 2017
VAT grouping rules There are special VAT rules that allow two or more corporate bodies to be treated as a single taxable person for VAT purposes known as a VAT group. The representative member accounts for any tax due on supplies made by the group to third parties