Current Issues

Business owners often think that, once a business has de-registered from VAT, it would no longer be able to reclaim any VAT – but this is not the case.

HMRC is currently writing to holders of cryptoassets and those it feels may have incorrectly claimed Foreign Tax Credit Relief on 2019/20 incomes.

Fresh resources to help prevent fraud in the sector, the end of the annual return and accounts filing extension, the effects of the pandemic on charities and more.

Rebuilding the fragile economy - how will the Chancellor's October 2021 Budget affect you and your business?

Thousands of women are thought to have been underpaid the state pension, thanks to a rule change in 2008 and computer errors.

Shipleys is delighted to sponsor the International Business Structuring Association's (IBSA) Autumn conference, with Ben Bidnell joining the panel of expert speakers.

The earliest age at which you can withdraw cash from a private pension, without facing tax penalties, is set to increase from 55 to 57 on 6 April 2028.

Our roundup of the latest VAT developments includes adjusting to new EU VAT arrangements and VAT changes here in the UK.

Don't get caught out by accounting for your grant in the wrong tax year

The Coronavirus Job Retention Scheme closed 30 September 2021. Here's what you need to know if you need to make a final claim

Given the challenging year it's been, our September Business Club discussion focused on how businesses can end 2021 on a high.

The Government is planning to change the current rules for basis periods. The move would affect self-employed individuals, partners, trusts and estates with trading income.

France has always proved a popular choice of the British when buying property overseas. Following Brexit, however, fresh rules mean British Citizens now face some hefty financial implications.

The Government has announced new social care proposals. In this article we examine the implications for people in meeting the cost of the reforms.

In this issue we have a special on the New Prudential Regime - IFPR - covering its implications for investment firms and preparation considerations.

Fresh Government guidance on gift aid, charity governance and the use of electronic signatures. Plus new resources from the Fundraising Regulator.

The Government's temporary changes to the rules for the notification of an option to tax land and buildings have come to an end

New EU e-commerce VAT rules came into force on 1 July 2021. These affect retailers, marketplaces and postal/courier services selling to EU consumers from any non-EU country - which now includes the UK.

There has been some confusion around new UK e-commerce VAT rules which came into force on 1 January 2021. Here is a simple overview to help.

HMRC's system for the VAT Deferral Payment Scheme closed to new entrants on 21 June 2021. Here's what you need to know.

A survey of owner managed businesses finds many are still struggling with Covid-19’s impact and an uncertain economic outlook.

Following Brexit, coming to work in the UK is no longer as simple with a new points-based system applying to both EU and non-EU citizens.

A list of behind-the-camera roles in the film and TV industry that qualify a worker for self-employed status has been updated

A number of practical VAT and duty issues have emerged which were not wholly obvious in the lead-up to Brexit. Here's a helpful summary.

Here we summarise what elements of the Brext deal have been implemented, what’s been delayed and some of the emerging practical issues for businesses affected.