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Give now pay later – what are the settlement rules?

By P&A Knowledge Team · 23 May 2018 · Posted in General

The settlement rules are intended to prevent an individual from gaining a tax advantage by making arrangements that divert his or her income to another person who may be liable at a lower rate of tax or is not liable to Income Tax. Where a settlor CONTINUE READING

Beware sting in VAT Annual Accounting Scheme

By P&A Knowledge Team · 23 May 2018 ·

Posted in Value Added Tax

The VAT annual accounting scheme is open to most businesses with a turnover of up to £1.35m per year. The main benefits of the scheme include the requirement to file one VAT return per year. This can significantly reduce the amount of administration

New guidance published for employers on setting dress codes and sex discrimination

By P&A Knowledge Team · 21 May 2018 ·

Posted in Employment Law

Following a joint report (“High heels and workplace dress codes”) published by the House of Commons Women and Equalities Committee and Petitions Committee in January 2017, the Government Equalities Office has finally published promised new guidance

Can a builder charge 5% VAT for their services?

By P&A Knowledge Team · 16 May 2018 ·

Posted in Value Added Tax

Whilst the majority of businesses charge VAT at the standard rate of 20% there are a number of different VAT rates and exemptions that businesses should be aware. There are actually three separate VAT rates, the standard rate of 20%, the reduced rate

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