Technical

Technical
1 April 2019

Professional Conduct in Relation to Taxation (PCRT) sets out the professional standards that are expected of a member when undertaking tax work. PCRT is a pan-professional document published by seven leading accountancy and tax bodies. As such it represents an ‘industry standard’ about professional behaviour in tax matters. Members must therefore be familiar with, and comply with, PCRT when advising on UK tax matters. Failure to do so may expose a member to possible disciplinary action.

Technical
1 April 2019

Auto enrolment should already apply to self-employed ‘workers’ but this is largely ignored. If you have any self-employed clients that you think could be ‘workers’, please let LITRG know so we can try and gauge the extent of the issue.

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As you will be aware Welsh income tax is being partially devolved from the 2019 /20 tax year onwards. This will be the third tax to be devolved (following Land Transaction Tax and Landfill Tax in April 2018) and will be collected and administrated by HMRC and not the Welsh Revenue Authority. HMRC have recently published factsheets on the Welsh rates of income tax which are on the CIOT website .

Technical
1 April 2019

The Scottish parliament passed the Scottish Rate Resolution in late February 2019. This means the Scottish income tax rates and bands announced in the Scottish draft budget in December 2018 take effect on 6 April 2019.

Technical
1 April 2019

Changes to tax relief for residential landlords will affect student loan repayments whatever rate of tax is paid.

Technical
1 April 2019

The introduction of a new employee starter checklist to ask which plan type a borrower has and whether they have a post-graduate loan, for use from 2019 /20 onwards, has not gone smoothly for HMRC.

Technical
1 April 2019

From 6 April 2019, HMRC will no longer accept that the ‘customary’ exemption is appropriate to job-related accommodation provided by employers to employees within the Higher and Further Education (HFE) Sector.

Technical
1 April 2019

In the Budget 2018, the Chancellor announced the introduction of a new plastic packaging tax, effective from April 2022, and it released a policy paper, ‘ Single-use plastics: Budget 2018 brief ’. The consultation has now been published, Plastic packaging tax: consultation , which sets out more details about the proposed tax and raises questions on the impact in the supply chain. The consultation period closes on 12 May 2019.

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A new consultation looks at giving HMRC higher priority in respect of certain tax debts (including PAYE) in cases of insolvency. Let us have your comments.

Technical
1 April 2019

Your comments are invited on the consultation on a SDLT 1% surcharge for non-residents buying residential property. The consultation is open until 6 May 2019.