MyAccountant Blog

The latest tax, employment, business and economic news affecting firms and individuals alike.

Category: Government Announcements

IR35 – Seven Reasons Why a Limited Company is Still a Better Option for Contractors

Since the spring budget, the government has shifted the responsibility of determining the IR35 status of a contract to public bodies. This has, of course, affected the majority of contractors working for public sector organisations. Many who have found themselves caught by the rules are asking if the Limited company trading vehicle is still a feasible option for them.

HMRC to charge for home visits to debtors

HM Revenue and Customs (HMRC) are facing new fury after it has emerged they have been granted powers to enforce penalty charges on individuals owing taxes for home visits.

Capital Gains Tax and non-residents

In November 2014, the UK Treasury and Her Majesty's Revenue and Customs (HMRC) jointly published their response to last year's consultation on the introduction of a Capital Gains Tax (CGT) charge on non-residents who dispose of UK residential property.