HMRC collects record amounts of IHT
The government has announced that HMRC collected a record sum of £5.4 billion in inheritance tax – IHT – during the 2018/19 tax year according to Hallidays latest newswire – business and tax tips.
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Other topics included in Hallidays monthly newswire include an Independent Review of the Loan Charge and the Chamber of Commerce are saying that there are ‘major gaps’ in the government’s no-deal Brexit guidance for UK businesses.
VAT domestic reverse charge for building and construction services delayed
HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services.
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Independent review of the Loan Charge
The government has initiated a review of the Loan Charge and whether the policy is an appropriate way of dealing with disguised remuneration loan schemes.
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Senior clinicians’ pensions consultation
The government has launched a consultation on proposals to give senior NHS doctors and nurses access to more flexible pensions.
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‘Major gaps’ in no-deal Brexit guidance
According to the British Chambers of Commerce (BCC) there are ‘major gaps’ in the government’s no-deal Brexit guidance for UK businesses.
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Experts warning over insolvency debts
Prioritising HMRC over other creditors in insolvencies will have a ‘negative impact on the UK’s economic growth’.
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Money Laundering non-compliance
HMRC has published details of businesses that have failed to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
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Attribution: Alpha Stock Images – http://alphastockimages.com/
Original Author: Nick Youngson – link to – http://www.nyphotographic.com/
Original Image: http://www.thebluediamondgallery.com/legal/inheritance-tax.html