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HMRC Uses Dynamic Coding for Tax Codes

HMRC Uses Dynamic Coding for Tax Codes

By July 2017, dynamic coding began to roll out. It consisted of numerous trigger points which can cause the issuance of a new code. The objective of dynamic coding is to decrease the P800 computations that are created at the end of the tax year. What makes these P800...
Chancellor Wrongly Attacks Loan Charge Action Group

Chancellor Wrongly Attacks Loan Charge Action Group

This is the second time in two appearances that Philip Hammond—the Chancellor of the Exchequer—gave a false statement before the Treasury Select Committee about the loan charge. The revelation came from the spokesperson, executive committee member, founder member, and...
OTS Reveal CEST Improvements

OTS Reveal CEST Improvements

The OTS (Office of Tax Simplification) has revealed details about what the CEST’s promised updates from the taxman are going to look like. According to the OTS report, which was focused on small business taxation, “plainer English” is going to be used for the tool’s...
What Happened in the IR35 Forum  Minutes?

What Happened in the IR35 Forum Minutes?

The IR35 forum which was held in February where industry experts and the HMRC discussed the effect of the IR35 reform in the private sector has its minutes published. This discussion was set up some weeks before the consultation on the IR35 (5th March) and members...