Category: Tax

  • What does Javid’s resignation mean for UK markets and investors?

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    Arthur Beverly
    in

    It has been reported that the sudden resignation of Chancellor of the Exchequer Sajid Javid is expected to mean looser fiscal policy, which will be good news for UK assets, but experts have warned the move increases short-term uncertainty. In a shock to the market and the UK public, the Chancellor announced his resignation today (13…

  • IR35: taxman warns 43,000 firms over workers’ employment status

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    Arthur Beverly
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    HM Revenue & Customs (HMRC) is issuing approximately 43,000 private sector businesses across the UK with letters warning them to consider the employment status of their contractors ahead of reforms to IR35 off-payroll working rules in April. The taxman told New Model Adviser® it would be issuing letters to approximately 43,000 private sector businesses who engage with contractors before the planned…

  • Paul Lewis: Why HMRC’s latest clampdown goes way too far

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    Arthur Beverly
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    I read an interesting article in Money Marketing last week which I thought might be of interest to you.  It concerns the new loan charge tax that could be demanded from 50,000 people and which sets a worrying precedent. “No one is more vitriolic about tax “evoiders” than me. Just the other day, I argued…

  • New Scottish Tax Rates

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    Arthur Beverly
    in

    Moves to freeze Scottish income tax rates are adding risk and volatility to the Scottish tax regime and could lead to behavioural changes among the wealthy, the Chartered Institute of Taxation (CIOT) has warned. MSPs last week  voted to approve the Scottish government’s income tax rates for the 2019/20 tax year by 61 votes to 52. They put…