Tax Newsletter - July 2019

Tax Newsletter - July 2019

02 July 2019

Our monthly round-up of the latest tax news affecting you and your business.

This month's newsletter covers the latest tax news:

  • Due to HMRC error, some taxpayers may not receive a bill for Payments on Account on 31st July, but will then face a higher bill in January 2020.
  • Some people are making Gifts of money or assets without knowing about the Inheritance Tax implications which may apply.
  • Employers flouting the workplace pension rules can face spot checks from the Pension Regulator - with a £400 fixed penalty notice and potential daily penalties from £50 - £10,000.
  • With the aim of preventing 'disguised employment' IR35 rules are to be extended to the private sector in April 2020 but there are calls for a 'stay of execution'.

Do get in touch with us if any of the issues relate to you or your business and you wish to discuss further.

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