Recently there have been several high profile IR35 tax appeals / cases featuring Sky personalities.
The facts relating to the cases have been similar but the tribunals decisions have been variable....
Making Tax Digital For Income Tax Delayed
Written by Tony Shackleford on .
The government announced that Making Tax Digital (MTD) for income tax is to be delayed from April 2024 until April 2026.
MTD requires the self employed and landlords to maintain accounting records digitally...
Interest Rate Rise
Written by Tony Shackleford on .
The Bank of England has increased the UK base interest rate to 1%. This is the highest UK interest rate for 13 years. Prior to 2009 the interest rate was running at between 4% and 6%. It seems likely...
Directors’ Liability From Insolvent Companies
Written by Tony Shackleford on .
One of the major reasons for trading through a limited company, as opposed ot being self employed or being in a partnership, is that the owners / managers of the company are generally not liable for...
Directors liability, Directors liability. Insolvency, Tax on insolvency
VAT Changes for Sales on Amazon, Ebay etc
Written by Tony Shackleford on .
From 1 July 2021 platforms such as Amazon and Ebay are responsible for ensuring that VAT is collected on sales of goods on their platforms.
In simple terms, this means that when a buyer purchases goods...
Holiday Pay Entitlement
Written by Tony Shackleford on .
For several years all UK full time employees have been entitled to a minimum of 28 days paid annual leave per year. Part time employees entitlement is similar, hence a part time employee who works two...