17 Nov 2020
This is an excellent question. Yes, there may be issues with IR35 in these situations but any contract work needs to be looked at on its own merit. If you have taken on a separate contract with a different company, that’s totally independent from your employer, then that contract will need to be evaluated. If
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17 Nov 2020
When GDPR was initially drafted, it’s unlikely they anticipated so many people who’d ordinarily work in a workplace, office or factory, working from home during a pandemic. However, GDPR does cover any business activity, so any personal data you may be dealing with in any capacity is still covered by GDPR regulations. Every organisation should
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17 Nov 2020
There is a standard rate of reimbursement for working remotely of £6 per week, which must be claimed through the government portal and, no evidence is required. This is in relation to employees who are required to work from home because of coronavirus, HMRC’s online claim service confirms that tax relief is available for the
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17 Nov 2020
The government hasn’t announced any set COVID-related schemes for start-up businesses. However, start-ups can utilise the standard methods for their budding ideas, such as seek funding from investors. There is help out there for fund-raising and getting equity investors on board, through incentive schemes such as EIS or SEIS schemes. By looking at these options,
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11 Nov 2020
As employers grapple with the changing COVID-19 landscape and the challenges of furlough, redundancies and quarantine, it may be easy to miss other legislative changes that have come into force this year. In April 2020, the Good Work Plan, which is the “biggest overhaul of employment law in 20years” was implemented. HR Manager, Bal Dhesi
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4 Nov 2020
HM Revenue & Customs (HMRC) has confirmed that it will not charge the usual daily penalties for late filing of 2018-19 Self-Assessment tax returns, which were due by 31 January 2020. HMRC says the move is in response to the Coronavirus pandemic and the challenging circumstances taxpayers have faced in recent months. The daily penalties
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4 Nov 2020
Thousands of people across the UK have purchased new homes to take advantage of the Government’s Stamp Duty Land Tax (SDLT) holiday, but Legal & General Mortgage Club has warned a backlog in the sales and mortgage process means that sales need to be completed quickly. The SDLT holiday announced earlier this year, ends in March
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4 Nov 2020
The Director of Making Tax Digital (MTD) at HM Revenue & Customs (HMRC) has warned that “not all taxpayers are ready for a digitalised tax system.” Roy Wallace spoke with the Institute of Chartered Accountants in England and Wales (ICAEW) about the implementation of the new digital tax system after HMRC was criticised by the Public House
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4 Nov 2020
A survey of almost a thousand company directors by the Institute of Directors (IoD) has found that nearly a quarter of businesses are not prepared for Brexit and do not expect to be ready by the end of the transition period on 31 December 2020. A further 21 per cent said they were still not
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4 Nov 2020
The Office of Tax Simplification (OTS) is calling on HM Revenue & Customs (HMRC) to simplify the process of applying for tax reliefs so that fewer taxpayers miss out. In total, the UK has 1,190 tax reliefs, that each require taxpayers to claim or make an election to benefit from them. The OTS in its
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4 Nov 2020
HM Revenue & Customs (HMRC) has received more than 50,000 claims for tax relief for working from home since opening a new online portal on 1 October. Since the start of the current tax year on 6 April 2020, employers have been permitted to pay employees up to £6 a week in respect of the
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4 Nov 2020
The Institute for Fiscal Studies (IFS) has predicted that taxes will need to rise by more than £40 billion a year by the middle of the decade to prevent Government debt from growing out of control. The widely-respected think tank issued the warning following the news that the Government’s Coronavirus response has cost more than
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