This takes the biscuit
February 15, 2018

In a recent hearing before a tax tribunal, HMRC led the charge to insist that bicarbonate of soda (BoS) was a chemical not a food of a kind used for human consumption.

Why was this important?

HMRC had issued an assessment...

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Intellectual property and Brexit
February 14, 2018

The Intellectual Property Office has issued commentary on the future of intellectual property (IP) issues following Brexit. We have copied in below some of their comments to clarify various issues for companies with existing registered IP, or that...

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Additional support for Carillion subcontractors
February 13, 2018

A further package of support for the businesses and workers affected by Carillion’s liquidation was announced Saturday 3 February, by Business Secretary Greg Clark.

Through delivery partners that include all the major high street...

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Text message scammers scuppered by HMRC
February 12, 2018

HMRC has stopped thousands of taxpayers from receiving scam text messages, with 90 percent of the most convincing texts now halted before they reach their phones.

The milestone comes during Take Five To Stop Fraud Week, with the tax...

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Tax Diary February/March 2018
February 5, 2018

1 February 2018 - Due date for corporation tax payable for the year ended 30 April 2017.

19 February 2018 - PAYE and NIC deductions due for month ended 5 February 2018. (If you pay your tax electronically the due date is 22 February...

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What is in a name
February 5, 2018

A company, Casio Services Ltd (CSL), had been registered with Companies House since June 2016, and after that confirmation by Companies House the directors would no doubt have felt that they could trade with the registered name with no...

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Unexpected VAT charge for UK importers
February 5, 2018

With no agreement on tariffs, the UK will be treated as any other non-EU trading nation post Brexit. Consequently, UK importers would be required to make an up-front VAT payment in addition to any customs duties. This VAT payment will rank as...

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Biker club wins VAT case
February 5, 2018

Many clubs offer members a range of services for their membership fee. For example, membership may include a members’ magazine. Ordinarily, a magazine subscription should be zero rated for VAT purposes, but when the magazine element is...

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Getting ready for Making Tax Digital
February 5, 2018

As our regular readers of our newsletter will be aware, the government has back-tracked on their original proposal to digitise taxpayers’ affairs.

The original plan, to have most self-employed traders and landlords uploading...

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Young people with great business ideas apply here
January 31, 2018

The Princes Trust and Innovate UK have formed a partnership to support young people with business ideas that could become a reality. The nuts and bolts of the scheme are set out below.

Ideas can come from...

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