Category: Tax

Protecting a business from fraud

Protecting your business from fraud Steps to shield your firm from threats. Fraud costs the UK around £190 billion a year, with businesses bearing almost three quarters – £140bn – of those losses. This worrying picture is backed up by the 2019 Fraudscape report compiled by anti-fraud body Cifas, which provides statistics for fraud committed […]

IR35 in the private sector

IR35 in the private sector Key considerations for contractors before April 2020. Large and medium-sized organisations have just six months left to prepare for changes to off-payroll working rules, which are due to extend to the private sector next spring. From 6 April 2020, firms that engage private-sector contractors will be responsible for deciding if […]

Property as an investment for landlords

Property as an investment for landlords With low interest rates, property remains attractive. As the global financial crisis began to bite in 2008, central banks in several nations took action, attempting to shock the world economy back to life by slashing base interest rates. The idea behind this kind of stimulus is to make saving […]

Insider: October 2019

Most VAT-registered businesses are signed up for Making Tax Digital Almost three quarters (74%) of VAT-registered firms signed up for Making Tax Digital (MTD) before the second stagger deadline last month. HMRC’s figures showed that over 230,000 mandated businesses joined the scheme before the 7 September 2019 deadline. Most (94%) signed-up businesses submitted VAT returns […]

Updated Insider to reflect reverse charge VAT delay

Treasury to review tapered annual allowance as dispute rumbles on The Treasury has announced it will review the tapered annual allowance for pensions, following calls to abolish it. The amount of pension contributions that can be made tax-free in 2019/20 stands at £40,000 in most cases, but this is restricted for higher earners by the […]

Insider: September 2019

Treasury to review tapered annual allowance as dispute rumbles on The Treasury has announced it will review the tapered annual allowance for pensions, following calls to abolish it. The amount of pension contributions that can be made tax-free in 2019/20 stands at £40,000 in most cases, but this is restricted for higher earners by the […]

Residence and domicile

How your status affects how much UK tax you pay. For most people living in the UK, the question of what income and gains should be included on their tax return is an easily answered question because they are both UK-domiciled and UK tax resident. Anyone domiciled and resident in the UK needs to report […]

Saving for your retirement

SAVING FOR YOUR RETIREMENT Some taxpayers may not receive a bill for payments on account this month, and face paying a higher bill in January 2020. All of us dream of the day we can retire, saying goodbye to the alarm clock and commute, illing our days with sun-soaked beach holidays, leisurely rounds of golf, […]

OXON Insider: Newsletter AUG 2019

DEMAND FOR DIGITAL SKILLS AMONG BUSINESSES TIPPED TO ‘SKYROCKET’ Businesses could be set to face an increasing talent gap in the coming years as demand for digital skills continues to rise. The Confederation of British Industry (CBI) said 67% of UK irms currently have unilled digital vacancies. Its Delivering Skills for the New Economy report […]