Monthly Archives: October 2019

The uncertainty continues

The Brexit issue continues to drag its heels and it now looks as if we will have a general election until matters are resolved. Another crucial matter that will be delayed is the presentation of a Budget that will determine any changes to the tax code next year. However, while the politicians attempt to resolve […]

Heads up for contractors

Contractors completing energy improvements on the homes of low-income families will need to be registered with a new government quality scheme – the Energy Company Obligation (ECO) – to give residents confidence that they will get a good service. Work undertaken through ECO offers free energy-saving measures, including insulation and new boilers for low-income and […]

Beefing-up UK exports

UK farmers looking for opportunities to export beef products to China will be encouraged by the recent relaxation of export criteria. A recent UK government press release titled “China opens doors to British Beef” explains what is being offered. A summary of the press release is reproduced below: The British beef industry is set to […]

Win while you save

In a further attempt to incentivise savings our government has created a new saving vehicle called a PrizeSaver account. Here’s what the Treasury press release on the launch says: Treasury launches pilot of new PrizeSaver account on International Credit Union Day. Savers who put away as little as £1 with participating credit unions have chance […]

Cars and taxing issues

We have listed below a number of issues that you will need to consider if directors or employees use a car for business purposes. Essentially, if the car is owned by the business any private use of the vehicle will trigger a tax charge for the driver (car user) and a possible NIC bill for […]

An update for hauliers

If you are involved in the transport of goods to and from the EU HMRC have posted useful guidance on what you will need to do to accommodate a no-deal Brexit on 31st of this month. The guidance can be downloaded as a PDF from https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/836920/transporting-goods-between-the-uk-and-eu-in-a-no-deal-brexit-guidance-for-hauliers.pdf Transitional arrangements are in place regarding licenses and permits. […]

The loan charge controversy continues

The following press release was published by HMRC last month. Extracts are reproduced below: Sir Amyas Morse, the former Comptroller and Auditor General and Chief Executive of the National Audit Office (NAO), will lead an independent review of the Loan Charge… The review will consider whether the policy is an appropriate way of dealing with […]