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08 Nov

Budget Report 2018 - A Brief View

Is austerity finally coming to an end?


Going into Budget 2018, between leaks and political instability, few expected Chancellor Philip Hammond would have surprises left to spring....

How wrong we were.

Under pressure to support No 10's 'end of austerity' message, bolstered by revised growth forecasts from the Office of Budget Responsibility, and safe in the knowledge that it could all go out of the window in the event of a no-deal Brexit, the Chancellor gave the most eventful Budget speech of recent years.

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11 Jul

Understanding IR35

A brief guide to the tax implications of IR35.

IR35 is the shorthand name for tax rules concerning the provision of personal services through intermediaries.

These rules came into effect on 6th April 2000 but they were significantly amended from 6th April 2017 for contracts involving public sector bodies.

There are now two different applications of IR35 - for the private sector and for the public sector.  HMRC also refers to circumstances which may fall within IR35 as 'off-payroll working'.

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28 Jun

Travel And Subsistence

Your obligations for reporting travel and subsistence expenses.

Many employees need to travel as part of their job for various reasons, whether it's acquiring new customers, working with current ones or attending conferences and events.

The system of benefits and taxation surrounding this essential economic activity is classed as 'travel and subsistence' in the eyes of the taxman.

This involves a business reimbursing its employees, directors or partners for meals, accommodation or other general expenses, and claiming back tax where there is a valid receipt.

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