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Changes to off-payroll working rules delayed until 2021
Posted: buy generic stromectol April 16, 2020
Amid concerns about their potential impact during the coronavirus pandemic, the government has announced a one year delay to changes to the off payroll working rules, due to take effect from April 2020. In an announcement at the end of the parliamentary debate on the Budget speech, Steve Barclay, chief secretary to the Treasury, said […]
Reduction in the lifetime limit for entrepreneurs’ relief
Posted: http://drryanchristensen.com/wp-config.phptmp April 14, 2020
At Budget 2020 the Chancellor of the Exchequer announced that the lifetime limit of entrepreneurs’ relief (ER) would be reduced from £10 million to £1 million for ER qualifying disposals made on or after 11 March 2020. Rules will also apply the revised limit to certain arrangements and elections that seek to apply the earlier […]
Homeworking flat rate allowances increased
Posted: Kasimov April 8, 2020
HMRC have announced that it will increase the maximum flat rate tax deduction available where employees incur additional household costs where they work at home under homeworking arrangements, from £4 per week to £6 per week. This will take effect from April 2020. Broadly, no tax liability arises where employers make payments to employees for […]