The chancellor could use the Budget to help both startups and investors February 26, 2020 Ahead of any Budget, there is always great speculation on what may be announced. This year, the focus thus far has been on when a Budget would happen and who will deliver it. But with the new chancellor Rishi Sunak confirming that it will go ahead on 11 March, all attention has turned to the [...]
This Morning star Eamonn Holmes faces hefty bill after losing IR35 tax case February 25, 2020 Veteran TV presenter Eamonn Holmes could be facing a hefty tax bill after losing a case against HMRC over his employment status. Holmes, who hosts ITV’s This Morning, had argued he was a freelancer as he received payments from the broadcaster through his company Red, White and Green Limited. However, a judge ruled that the [...]
EY adds two key appointments to its Business Rates team February 24, 2020 | City Talk As the debate around business rates continues and speculation that it may be subject to one of the Chancellor’s key announcements on Budget day increases, EY has announced the arrival of two key appointments to its Business Rates team. Alex White joins the team as Associate Partner, having been a business rates specialist for the [...]
France warns of tech tax chaos if global deal not reached this year February 23, 2020 Failure to reach a global agreement on how to tax tech giants such as Google and Facebook would lead to a chaotic mix of different tax regimes, France’s finance minister has warned. Bruno Le Maire today called on international leaders to reach a consensus over tax reform by the end of the year or risk [...]
How to break up big tech? Regulating technology companies is more easily said than done February 20, 2020 Over the last few years, the public perception of technology companies has shifted quite dramatically. Large tech firms such as Google, Facebook and Amazon are no longer the darlings of the world. They are attracting the same kind of ire that financiers attracted a decade ago. At the political level, this translates into a broad [...]
The clock is ticking: Why it’s time to address IR35 February 5, 2020 There has been a lot of noise around IR35, the updated government intermediaries legislation. Generally, it seems to be leaving a bad taste in people’s mouths. And that’s the trouble with some taxation changes: their interpretation and intent can be tarnished with a negative brush. Instead of fuelling the current conversation, is it time to [...]
Watch out for IR35, the tax rule that could ruin your business January 31, 2020 If you haven’t yet heard of IR35, the controversial tax rule, it’s time to start learning. The rule, designed to limit tax avoidance through “disguised employment”, already means that off-payroll workers who would otherwise be deemed directly employed are taxed at the same rate as employees. But from April the law changes: it will be [...]
Thanks to improving tech, tax collectors are no longer the bad guys January 31, 2020 “If you drive a car, I’ll tax the street. If you try to sit, I’ll tax your seat. If you get too cold, I’ll tax the heat. If you take a walk, I’ll tax your feet.” Thus warbled four rockstars from Merseyside. As rebellious as it was melodic, Taxman would become the first track on [...]
The taxman cometh: 6 tips to help you complete self-assessment tax return January 29, 2020 This Friday marks the end of a process that many have found divisive, emotionally draining, expensive, and time-consuming. No, I’m not talking about Brexit. Friday 31 January is the deadline for completing your self-assessment tax return — the bane of existence for freelancers, the self-employed, and anyone who earns extra income outside their basic salary. [...]
For businesses relying on EU tax directives, what happens after Brexit? January 23, 2020 | City Talk Businesses are currently eager to know what shape any post-Brexit trade agreement with the EU will take and what tariffs or other barriers might apply to goods and services. However, when considering financing operations and investment abroad, businesses also need to look at the EU tax directives that facilitate cross-border financing flows. A repeated question [...]