Stay up to date with our monthly newsletter and tax articles.
May • DIARY Main Tax Events • April & May 2018 1st May: Corporation tax for year to 30/07/17 (unless quarterly payments apply) 19th May: PAYE & NIC deductions, and CIS return and tax, for month to 05/05/18. (due 22/05/18 if you pay electronically) 1st June:...read more
May • #06 HMRC are consulting on the mechanism for collecting CGT on residential property disposals from April 2020, when the tax will be due within 30 days of completion. This will be instead of the normal payment date of 31 January following the end of the tax year...read more
May • #05 HMRC are carrying out a review of rent a room relief to discover whether the scheme, introduced back in 1992 provides the right incentives for the rental market. The current scheme exempts from tax, gross rents up to £7,500 where rooms within the taxpayer’s...read more
May • #04 In the February newsletter we reported the Tax Tribunal decision involving Christa Ackroyd Media Ltd, a company set up by a TV presenter to supply her services to the BBC, where it was held that the IR35 personal service company rules applied to the...read more
May • #03 Employers need to report all Benefits in Kind (BiKs), including those under the Optional Remuneration Arrangements (OpRAs) or “salary sacrifice” arrangements, to HMRC on form P11D from 6 April 2018, unless they are registered to voluntarily payroll benefits....read more
May • #02 HMRC have advised companies to consider delaying the grant of Enterprise Management Incentive (“EMI”) share options until fresh State Aid approval has been granted by the EU. As the UK Government were late in applying for an extension (12 months’ notice is...read more