Business Update August 2019

BUSINESS UPDATE

The latest edition of our Business Update series is now available

Whilst our politicians revel in their own inabilities to govern, just like father time tax changes march on.

EMPLOYER/EMPLOYEE TAX MATTERS

Our latest July/August newsletter address several work-related issues. In our feature story, we highlight recent changes in employment law including the right of all workers to detailed payslips recording their hours worked, helping to enforce compliance on weekly and nightly working limits. The status of EU nationals, consultation on the role of non-disclosure agreements in the workplace and pay and gender gap reporting are also under the spotlight.

IR35 AND OFF-PAYROLL WORKERS

The IR35 rules have also come under scrutiny as some major tribunal cases have found against HMRC and in favour of contractors. Although the examples we’ve seen are for TV presenters, the principles in each case set a precedent for workers in other industries. With IR35 still pegged to roll out to the private sector next year, there are still serious questions about the accuracy of HMRC’s tools and processes.

OFF-PAYROLL WORKERS NEW RULES FROM 6th APRIL 2019

There are important changes for individuals who supply their services through a personal service company and the contractors who engage them.  Read our article outlining the changes and making recommendations in preparation for them.  Download here: –

Off-Payroll Workers

MAKING TAX DIGITAL FOR VAT

Meanwhile Making Tax Digital for VAT has taken off, but not without a few complications. Some software packages may not deliver all you require for your digital reporting so make sure your IT system has the functionality you need.

OTHER STORIES

  • Could you be using simplified expenses? – Sole traders and partnerships can opt to use the simplified expenses rules. Find out if it could work for your business.
  • A question of property – Cuts to the tax relief rules for principal private residence and letting relief are coming in from next April in the latest round of changes to hit landlords.

Download a copy of our latest Business Update here:-

Business Update – Autumn 2019

If you have any queries arising ion connection with any of the issues covered, contact Paul Southward or your usual KSK contact.

Paul Southward