NEWSLETTER

Welcome to the January 2020 Newsletter from Certax Accounting

Following weeks of campaigning, the Conservative Party won December's General Election with a Commons majority of 80 – its biggest majority since 1987. In his victory speech, Prime Minister Boris Johnson promised to take the UK out of the EU by 31 January. Meanwhile, Chancellor Sajid Javid recently stated that the expansion of the off-payroll rules to the private sector will be reviewed. The Chancellor said that he wants to ensure that the proposed changes are 'right to take forward'. Off-payroll changes to be reviewed The expansion of the off-payroll rules to the private sector will be reviewed, says Chancellor Sajid Javid. In 2017, HMRC introduced new off-payroll rules to the public sector

Welcome to the December 2019 Newsletter from Certax Accounting

The review of the controversial Loan Charge has been put on hold until after the upcoming General Election. HMRC has set a January 2020 deadline for settling claims under the Loan Charge, which has sparked concerns that the review will now not be made public in time. Meanwhile, research carried out by media company Thomson Reuters has suggested that nearly a third of company VAT returns are 'more accurate' under Making Tax Digital for VAT (MTD for VAT). Loan Charge review put on hold The independent review into the Loan Charge has been put on hold until after December's General Election. The review was commissioned by Chancellor Sajid Javid in September, and is being led by Sir Amyas Morse,

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