Criminal Finances Act 2017

Due to the Criminal Finances Act 2017, from 30 September 2017 a company or a partnership (A “Firm”) could be criminally liable if they fail to prevent tax evasion or the facilitation of tax evasion by a member of staff, external agent, contractor or consultant (an “Associated Person”) acting on their behalf. Whilst financial services, […]

New timetable for Making Tax Digital

The government has announced a revised timetable for the introduction of Making Tax Digital for Business (MTDfB). MTDfB introduces extensive changes to how taxpayers record and report income to HMRC. Unincorporated businesses, including landlords, were expected to be the first to see significant changes in the recording and submission of business transactions but the government […]

Off-payroll working guidance revised for NHS agency staff

Last month we reported on the off-payroll working guidance rules, introduced this April, which affects individuals providing personal services via their own companies, to public sector bodies. These rules emanated from the IR35 provisions which historically placed the onus of assessment upon the directors of the personal service company. These provisions have now moved this […]

Maximising dentists tax free income

It is worth understanding how dentists tax free income can be maximised With the announcement in the Budget that the dividend allowance will reduce from 6 April 2018, and following the removal of the tax credit on dividends from 6 April 2016, it is worth revisiting other opportunities for tax efficient remuneration from an incorporated […]

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