Insights

Top 5 Employment Law issues

Top 5 Employment Law Issues for SMEs

By Insights

Employment law issues for SMEs are an important riddle to solve when you want business success. While employment legislation is constantly changing, there are many persistent issues to be aware of. In this short post, we’ll examine the top five employment law issues and other key topics such as:

• Statutory Employment Rights
• Employment Contracts
• Harassment and Discrimination
• Protection of Business Interest
• Employee’s Personal Data
• The Implications of Brexit
• How to Contact Employment Law Specialists

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IS MAKING TAX DIGITAL COMING OR WILL IT BE DELAYED?

By Insights

As a significant shift towards a more digitally-friendly, fraud-protective tax system, Making Tax Digital (MTD) has its supporters and opponents. However, ever since the first announcement over MTD, discussions over delays and hold-ups have become commonplace. Unfortunately, it’s hard to get a clear handle on the current state of play, but with an April 2019 rollout for all VAT registered businesses with a turnover above £85,000, many questions are being asked. To help you better understand where we might stand with Making Tax Digital in the short-term future, we’ve taken a look at what the present state of play is.

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DEADLINES FOR TAX RETURNS

By Insights

Running a business means coming into more contact with HMRC, with an increase in obligations for both filing, making regular tax payments and potentially more penalties if deadlines are missed. We look at the key areas below:
Self-Assessment: key dates
VAT
Corporation Tax
PAYE and Class 1 National Insurance (NI)
Meeting HMRC’S deadlines for tax returns and payments

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REVEALING THE ENIGMA OF IR35

By Insights

You may have heard the term IR35 before, but do you know what does it exactly stand for, or more importantly what it entails? IR35 is a tax legislation designed to deal with tax evasion by workers who are providing their services through intermediaries like a limited company, who otherwise would have been an employee if there was no intermediary used. Her Majesty’s Revenue and Customs (HMRC) refers to these workers as “disguised employees”. IR35 is a set of rules affecting the contractor’s Tax and National Insurance who works for a client through an intermediary.
What is IR35
Rules and regulations
Reasons for imposition
Financial impacts
Consequences

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HEATHROW EXPANSION AN OPPORTUNITY FOR CONTRACTORS

By Insights

The prospects and opportunities involved for contractors due to this project is looked into and the benefits associated with Business Summits in relation to this innovative construction project is touched upon. Both the financial and social aspects of such a project are highlighted
A New Milestone for Heathrow
A Major Infrastructure Change
The M25
An Opportunity for Contractors
Business Summits

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THE 2019 LOAN CHARGE

By Insights

The 2019 Loan Charge is to collect taxes from anyone who is in violation and used a disguised remuneration scheme from 6th April 1999. Self Employed individuals would have received their income through a loan scheme, will be taxed from 5th April 2019. HMRC requires all of this due tax to be paid by 31st January 2020
“Bankruptcy looming”
What counts as disguised remuneration
Are you affected
Deadline
Seek advice on the 2019 Loan Charge

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LIMITED COMPANY OR LLP FOR BUY TO LETS

By Insights

Recent tax changes have caused an increase in the number of landlords moving ownership of their property portfolio into partnerships and limited companies in order to benefit from relief from capital gains tax (CGT) and stamp duty land tax (SDLT). The key elements on this subject are:
Capital gains tax (CGT) and stamp duty land tax (SDLT)
Tax planning and negotiation with the tax authorities
Budget changes and the implications on property
Differences and similarities between limited companies and LLPs
Benefits of limited companies or LLPs

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MAKING TAX DIGITAL

By Insights

Making Tax Digital (MTD) marks the end of paper record-keeping for millions of businesses and self-employed professionals in the UK. If you have a VAT-registered business, you need to prepare for MTD by 1st April 2019. Read further on the various topics below:
What’s happening in April 2019?
What VAT records will need to be kept digitally?
How will Devonshire Green prepare for MTD?
What else is changing?

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TAXING GAINS MADE BY NON-UK RESIDENTS ON UK IMMOVABLE PROPERTY

By Insights

From April 2019 non-residents will be subject to capital gains tax on disposals of all UK property. In the 2017 Autumn Budget, the Government announced that from April 2019 tax will be charged on gains made by non-UK residents on the disposal of all types of UK immovable property; effectively extending the rules that currently apply to non-UK residents on disposals of UK property.
Scope of the new charge
Direct disposals by non-UK residents
Indirect disposals by non-UK residents
Anti-forestalling rule and TAAR
Interaction with the ATED rules
Conclusion

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