Latest News for Business

A round up of topical news articles.

VAT domestic reverse charge for building and construction services delayed

HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services.

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Independent review of the Loan Charge

The government has initiated a review of the Loan Charge and whether the policy is an appropriate way of dealing with disguised remuneration loan schemes.

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Senior clinicians' pensions consultation

The government has launched a consultation on proposals to give senior NHS doctors and nurses access to more flexible pensions.

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HMRC collects record amounts of IHT

The government has announced that HMRC collected a record sum of £5.4 billion in inheritance tax during the 2018/19 tax year.

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'Major gaps' in no-deal Brexit guidance

According to the British Chambers of Commerce (BCC) there are 'major gaps' in the government's no-deal Brexit guidance for UK businesses.

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Brexit-readiness events for business

The Department for Business has launched a nationwide programme of events to help businesses prepare for Brexit.

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Experts warning over insolvency debts

Prioritising HMRC over other creditors in insolvencies will have a 'negative impact on the UK's economic growth'.

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Money Laundering non-compliance

HMRC has published details of businesses that have failed to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

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Simplify apprenticeship funding

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged the government to simplify the complexities of accessing apprenticeship funding.

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HMRC issues Customs EORI numbers

In order to try and ensure that businesses are ready to trade post-Brexit, HMRC is automatically enrolling them in the customs system.

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Trusts with small amounts of savings income

In the latest Trusts and Estates Newsletter HMRC has confirmed the continuation of the interim arrangement for interest reporting.

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Advisory fuel rates for company cars

New company car advisory fuel rates have been published which take effect from 1 September 2019.

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