October 2018 Archive

2018 UK Budget Highlights

This newsletter provides a summary of the key tax points from the 2018 Autumn Budget based on the documents released on 29th October 2018. It is possible that changes will be made between now and the publication of the Finance Bill.We will keep you informed of any significant developments.


Brief victory on VATMOSS for microbusinesses

A successful campaign by micro-business owners has seen the EU introduce a new minimum threshold for the VATMOSS rules. But with legislation due to take effect in January 2019 at risk from a no-deal Brexit, the success could be short-lived.


Class 2 NICs here to stay

The Chancellor has changed his mind - again - on National Insurance Contributions (NICs) for the self-employed. The Treasury has revealed that Class 2 NICs will remain for at least the rest of this Parliament.


HMRC caught out on IR35 and holiday pay

HMRC has suffered an embarrassing setback after one of its contractors launched a claim for unpaid holiday pay, relating to work covered under the off-payroll working rules, also known as the IR35 rules.


Trick or treat? The Chancellor calls the 2018 Budget for late October

The 2018 Budget has been set for Monday 29 October, setting a deadline for speculation and proposals. Mr Hammond, however, has indicated that he won’t end the long spell of austerity measures, despite improving public finances.


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