You will need to work out your residence status for capital gains (for example, when you sell shares or a second home) in the same way as you do for income. UK residents have to pay tax on their UK and foreign gains. Non-residents have to pay tax on income, but only pay Capital Gains Tax either:

You are required to cancel your VAT registration if you are no longer making taxable supplies or if you join a VAT group. This is a legal requirement and you will be charged a penalty if you fail to cancel your registration within 30 days of the trigger event. You can also cancel on a

HMRC has published an updated list of named stock exchanges that have been designated as 'recognised stock exchanges'. The updated list includes new information about the Swiss Exchange formerly known as The Swiss Stock Exchange. The definition of a recognised stock exchange includes the London Stock Exchange and the NEX Exchange Ltd (previously known as

The Equality and Human Rights Commission (EHRC) has released a list naming and shaming 47 organisations that have failed to publish their 2018 gender pay gap figures. All employers with 250 or more employees are legally required to publish their gender pay gap figures both on their own websites and on the government’s official portal

Payroll giving was introduced in 1997 to encourage employees to allow a deduction from their pay for charitable donations. The scheme allows taxpayers to make a tax free donation to charity directly from their pay or pension if their employer runs a payroll giving scheme which has been approved by HMRC. Donations made using payroll

The National Insurance Contributions (NICs) Bill was introduced into Parliament on 25 April 2019. The Bill will see the introduction of a new 13.8% Employer Class 1A NIC charge on termination payments and sporting testimonials that are already liable to Income Tax from 6 April 2020. The government announced this change at Budget 2018. This

1 May 2019 – Due date for Corporation Tax due for the year ended 30 July 2018. 19 May 2019 – PAYE and NIC deductions due for month ended 5 May 2019. (If you pay your tax electronically the due date is 22 May 2019) 19 May 2019 – Filing deadline for the CIS300 monthly

The off-payroll working rules (IR35), which apply where workers are engaged through personal service companies (PSCs), will change from 6 April 2020. The reforms will move responsibility for determining whether the off-payroll working rules apply from the worker/their PSC to the engager organisation receiving their services. HMRC has now provided the following advice to help

Debt Relief Orders (DROs) were first introduced in April 2009. The DROs assist people who have small levels of assets and insufficient surplus income to deal with debts under £20,000. In a news release published by the Insolvency Service we are told that in the last 10 years, more than 254,000 DROs have been approved for

Acas has published new general guidance to assist employers and employees in understanding the impact that Brexit may have in their workplace and it gives advice regarding the steps they may want to take before the UK leaves the EU.  It advises that EU membership can impact workplaces in several ways, such as: providing goods