Some recruitment agencies are passing on the costs of IR35 assessments to contractors even though liability for the decision will legally remain with the original engager
The government has confirmed that over 75s will not be charged for a TV licence until August, a timely move as that age category faces the possibility of self-isolation in the fight against covid-19
Accountancy firms are putting contingency plans in place to ensure remote working is viable but the majority of practices plan to remain open and fully operational from their office locations until they are told otherwise by the government, reports Sara White
The Budget 2020 decision to decimate the lifetime gains limit of £10m for entrepreneurs’ relief was hardly unexpeccted, but it does raise immediate questions about tax planning. Peter Rayney FCA CTA (Fellow) TEP examines the tax implications for business owners
The government will ramp up its campaign against promoters and marketers of tax avoidance schemes by taking swifter action and charging 100% penalties on the fees they earn, reports Zak Jakubowski
The VAT threshold has been held at £85,000 in Budget 2020 with the government committing to its triple lock on VAT rates but has outlined plans for a number of reviews in light of the UK’s departure from the EU
The complete collection of Chancellor Rishi Sunak’s Budget announcements on tax with expert analysis and highlights of individual tax measures from Accountancy Daily
The virtual abolition of entrepreneurs’ relief in Budget 2020 came as a blow to family owned businesses as the tax break is cut to £1m with immediate effect. Philip Smith assesses the fallout
A mixed Budget of emergency measures for businesses and longer term plans for investment in innovation and changes to tax reliefs has tried to address the immediate concerns of businesses, says Yvette Nunn
Breaking the austerity approach of recent years, the Chancellor signalled a multibillion investment in research and development (R&D) and innovation at the Budget. Stuart Weekes, partner, and Caroline Hunt, director, corporate tax at Crowe, consider whether the tax measures go far enough to stimulate growth
The Chancellor has announced a restriction in the amount that companies making chargeable gains will be able to offset using carried-forward capital losses, which will now be cut to 50%
The Budget included confirmation the government and the UK Statistics Authority (UKSA) are to consult on a proposal to address the shortcomings of the Retail Prices Index (RPI) measure of inflation, which is widely viewed as flawed
Rishi Sunak’s first Budget failed to prioritise climate change with only limited tax breaks to invest in zero emission cars as coronavirus swept other global issues aside. Yvette Nunn, director of Berkeley Associates on a lost opportunity
The Chancellor’s first Budget included an announcement that from April 2021 large businesses will be required to notify HMRC when they take a tax position which HMRC is likely to challenge, but few details of the policy have been revealed