Monthly Archives: August 2019

Internet giants face tax-hike

It has been confirmed that from April 2020, the government will introduce a new 2% Digital Services Tax (DST) on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users. This is an attempt to tax, in the UK, revenues earned by these social media platforms from customers…
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Changes to private residence relief

If you rent out all or part of your home this may create a Capital Gains Tax (CGT) charge when you sell the property. Presently, HMRC excludes the last 18 months of your ownership – even if the property is let for this time – when assessing any CGT liability. In a draft of the…
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Changes to the Construction Industry Scheme (CIS)

Domestic reverse charge VAT for construction services HMRC’s new domestic reverse charge for construction services comes into force on 1 October 2019.  From this point, a VAT-registered business that supplies certain construction services to another VAT-registered business for onward sale needs to issue a VAT invoice stating the service is subject to the domestic reverse…
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Holiday entitlement

Now that schools are closing for the summer, many families will be making for their chosen holiday destination. An opportune to time to be reminded of your statutory holiday entitlements. The following information is reproduced from the gov.uk website. Entitlement Almost all workers are legally entitled to 5.6 weeks’ paid holiday a year (known as…
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