Do you need a USA GST Registration?

In many ways GST is simpler than VAT. There is no rclaim of GST on costs for instance. It is ...
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Elver Consultancy partners with online retail application Expandly

If you are a multi channel online seller you will be all too familiar with the complexities of managing listings ...
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New Umbrella Services

Umbrella Companies exist for the sole purpose of employing “self-employed contractors” so that they can carry out short term assignments ...
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New checker tool to help businesses prepare for Brexit

The government has launched a “Get ready for Brexit” public information campaign to help ensure businesses are ready when the ...
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Immigration rights of EEA citizens in the event of a no-deal Brexit

The Government has now announced the revised transitional arrangements that will apply in the event of a no-deal Brexit to ...
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Information Commissioner’s Office publishes no-deal Brexit guidance for small and medium-sized organisations

The Information Commissioner’s Office (ICO) has published dedicated guidance to assist small and medium-sized businesses in their preparations for a ...
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Duty-free shopping to make a comeback?

The Chancellor of the Exchequer Sajid Javid has said that the Government will reintroduce duty-free shopping with EU countries in ...
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Claiming Entrepreneurs’ relief

Entrepreneurs' relief applies to the sale of a business, shares in a trading company or an individual’s interest in a ...
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Options to close down a limited company

There are a number of reasons why a limited company may no longer be required and can be shut down ...
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Reporting employee changes

There are rules that businesses must follow when they are reporting employee changes. These changes must be sent to HMRC ...
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Planning a Christmas party?

Now is the time that many businesses are planning a Christmas celebration for staff as well as possibly for partners/spouses, ...
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What is the Annual Investment Allowance?

The Annual Investment Allowance (AIA) is a generous tax relief that was first introduced in 2008. The AIA allows for ...
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Get information about a company

There is a significant amount of information that can be obtained from Companies House. Companies House is responsible for incorporating ...
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VAT changes for CIS Sub-contractors delayed

The VAT rule changes for building contractors and sub-contractors that were expected to come into effect imminently, have been delayed ...
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New advisory fuel rates published

Advisory fuel rates are intended to reflect actual average fuel costs and are updated quarterly. The rates can be used ...
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Trading income priority rules

There is specific tax legislation that seeks to determine which charge takes priority where two different charges could potentially apply ...
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Simplified expenses use of home

If a taxpayer is self-employed and running a business from home, there are simplified expense rules available for claiming a ...
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Simplified expenses motor vehicles

There are simplified arrangements in place for the self-employed (and some partnerships) to claim a fixed rate deduction for certain ...
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Merchandise in Baggage in case of no-deal Brexit

There are special customs requirements for commercial goods or samples which are imported or exported by passengers in their accompanied ...
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State Pension update for recipients living in the EU

If you live or move abroad, you are entitled to claim the State Pension if you have met the necessary ...
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Help to Save accounts

The Help to Save scheme can help those on low incomes to boost their savings. The scheme was launched in ...
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Filing deadlines for a company confirmation statement

As well as filing accounts with Companies House, there is a further requirement to check that the information Companies House ...
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Filing deadlines for company accounts

The normal deadline for filing private limited company accounts is 9 months after the company’s financial year end, known as ...
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Government to end free movement if a no-deal Brexit

If the UK leaves the EU without a deal in place on 31 October 2019, EU, EEA and Swiss citizens ...
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A reminder of the ‘badges of trade’

The 'badges of trade' tests, whilst not conclusive, are used by HMRC to help determine whether an activity is a ...
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The importance of a written contract

The importance of having a written contract when deciding employment status should not be understated. Failing to make proper provision ...
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New CGT rules for homeowners

Currently, if a property has been occupied at any time as an individual’s main private residence, the last 18 months ...
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Blind Person’s Allowance

The Blind Person’s Allowance is an extra amount of tax-free allowance made available to those who are eligible. The allowance ...
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VAT changes for CIS Sub-contractors

Important changes to the VAT rules for building contractors and sub-contractors are coming into effect from 1 October 2019. In ...
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Deregistering for VAT

A compulsory VAT deregistration is usually required if you: Stop making taxable supplies Sell your business Change legal status Disband ...
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How dividends are taxed

The dividend tax allowance was introduced in April 2016. It replaced the old dividend tax credit with an annual £5,000 ...
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Do you trade with EU companies?

The new Chancellor, Sajid Javid, has stepped up plans to help ensure businesses are ready to trade post-Brexit if the ...
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Tax Diary September/October 2019

1 September 2019 - Due date for Corporation Tax due for the year ended 30 November 2018. 19 September 2019 ...
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The meaning of goodwill

Goodwill is a term we hear about often, but interestingly, is rarely mentioned in legislation. In fact, the term 'goodwill' ...
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Taxation of miscellaneous income

There are special rules, known as the miscellaneous income sweep-up provisions, that seek to charge tax on certain income. This ...
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When are scholarships taxable as benefits?

The holder of a scholarship is exempt from a charge to Income Tax on income from a scholarship when receiving ...
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PAYE late filing penalties

There are late filing penalties in place for employers that don’t report payroll information on time. The size of the ...
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When can you increase your rental income?

The ability to increase the rent on private rentals is driven by the tenancy agreement. This is an agreement between ...
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Tax if you work abroad

If you are leaving the UK to work abroad for at least one year (or permanently), there is a requirement ...
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National Insurance if you work abroad

If you move abroad, it can often be advantageous to continue paying your UK National Insurance Contributions (NICs) in order ...
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How do you calculate adjusted net income?

To calculate adjusted net income, you will need to look at a taxpayer’s total taxable income, before personal allowances, and ...
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When are Class 1A NICs due

Class 1A NICs are paid by employers in respect of most benefits in kind provided to employees, for example, the ...
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VAT and insurance claims

Insurance transactions are generally VAT exempt. However, there are many issues that can arise concerning the VAT liability of certain ...
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Child Benefit charge if income exceeds £50,000

The High Income Child Benefit charge (HICBC) applies to a parent whose income exceeds £50,000 in a tax year and ...
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When you can claim back VAT on purchase of a car

There are complex VAT rules that determine the amount of VAT that can be recovered when purchasing a new car ...
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What you can do with your pension pot

Pension Wise is a free government service that was launched in 2015 to help provide individuals with general pension advice ...
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Pregnant women and new parents to get enhanced redundancy protections

The government has published its response to its January 2019 consultation on “pregnancy and maternity discrimination: extending redundancy protection for ...
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Inheritance Tax and domicile

Domicile is a general legal concept which in basic terms is taken to mean the country where you permanently belong ...
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