Monthly Tax Update

Objectives

To update delegates on recent and proposed changes in taxation that are relevant to their clients.

Key Topics

KINGS SPEECH AND FIRST LABOUR BUDGET

• What Might be in the First Labour Party Budget?

RECENT TAX CASES AND OTHER DEVELOPMENTS

• Non-Doms and The Remittance Basis
• Amortisation of Goodwill for Vets Practice
• Penalty for Careless CGT Entrepreneurs’ Relief claim
• CGT Entrepreneurs Relief – When did trade commence?
• KFC Dips not a Separate Supply for VAT
• SDLT – Mixed Use Claim Successful

OTHER RECENT DEVELOPMENTS

• Help with Football Agents’ Fees and Dual Representation Contracts
• Payrolling Benefits in Kind
• Basis period reform — reporting profits on a tax year basis
• Non-Resident Company Tax Rates
• Expanding the Cash Basis
• Pensions for seasonal temporary staff
• Clarifying the workplace nursery partnership rules at section 318 ITEPA
• Self Assessment threshold change
• Spotlight 64 — warning for employment agencies using umbrella companies

Who should attend?

Accountants in general practice who advise on tax planning and compliance.