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Budget 2020: Key Points

March 2020

HMRC building sign

Today, Chancellor Rishi Sunak delivered his first (and long-awaited) Budget in the House of Commons. In this blog, we’ll outline all the government’s key tax and spending plans for the year ahead.  Coronavirus As was to be expected, much of the Budget focussed on the recent coronavirus outbreak. The Chancellor announced how the government will […]

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Our Comprehensive Guide to IR35

January 2020

Photo of Aston Shaw Relationship Manager, Glenn Savill

IMPORTANT UPDATE: Chief treasury secretary Steve Barclay announced on 17th March 2020 that the introduction of the new IR35 private sector reforms will be delayed by twelve months from 6th April 2020 to 6th April 2021 as a result of the COVID-19 pandemic. The article below has been updated to reflect this. For more information […]

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Do I Have to Pay UK Tax on Foreign Income?

December 2019

Photo of Calculator Surrounded by Foreign Currency

We get asked this question a lot. So often in fact that we decided it’s a subject worth covering in a blog. In most cases, there is a simple answer to this question. If you are not a UK resident, you won’t need to pay tax in the UK. If you are a UK resident, […]

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Why You Shouldn’t Get a New Company Car Until April 2020

November 2019

Photo of Electric Car Charging

If you’re thinking about changing your company car/cars in the near future, you may want to wait until 6th April 2020 when some new tax rules come into effect. These new tax rules will significantly favour low and zero-emission vehicles, so if you start driving a green car from April 2020, you’ll be benefiting from […]

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Important Changes to CGT on the Sale of Property

October 2019

Photo of Country House

Capital Gains Tax (CGT) is a tax applied to the gain made of an asset you have sold. You pay tax on the gain, not the amount you sold it for, hence the name Capital Gains Tax. From 6th April 2020, any individual, trustee or personal representative that realises a capital gain from the sale or disposal […]

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Our Guide to the Domestic Reverse Charge

September 2019

Caricatures of Different Construction Workers

The Domestic Reverse Charge (DRC) is a major change to the way in which VAT is collected in the construction industry and will come into effect from 1st October 2020. Why has it been introduced? The Domestic Reverse Charge has been introduced by HMRC to combat fraud, in particular, missing trader fraud which costs the […]

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Undisclosed Rental Income? It’s Time to Come Clean with HMRC

July 2019

HMRC'S Let Property Campaign

HMRC has been running the Let Property Campaign (LPC) since Autumn 2013, the campaign is aimed at property landlords who have failed to disclose their rental income. This campaign presents the perfect opportunity to come clean with HMRC. Essentially, HMRC will go easy on you if you disclose any previously undisclosed income under the campaign. […]

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Reverse Charge VAT for the Construction Industry

June 2019

Construction Person Writing on Paper on Top of Table

There is an important change that you need to be aware of, coming into effect on 1st October 2019. This change will affect any business that is CIS and VAT registered or that pays suppliers that are CIS and VAT registered. The new legislation is aimed at shifting the VAT liability on building and other […]

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What You Need to Do About IR35

May 2019

What You Need to Do About IR35

IR35 is a piece of tax legislation designed to combat tax avoidance by off-payroll workers who provide their services to businesses as a self-employed individual on a regular, long-term basis. In the eyes of HMRC, workers of this kind are what’s known as ‘disguised employees.’ This means that as far as HMRC are concerned, the […]

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Our Comprehensive Guide to Making Tax Digital

April 2019

Person on iPad Using MTD Software

Making Tax Digital (MTD) is the name of the Government’s ambition to change the way in which we record financial data and report this information to HMRC. It requires taxpayers to keep digital records, instead of manual ones, and communicate with HMRC using a different reporting system to that which is currently in operation. Why […]

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Lockdowns of buildings and businesses could be enforced if there are local outbreaks of coronavirus https://t.co/RQCjZVK8J1

About 3 weeks ago from Aston Shaw's Twitter via Twitter Web App

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