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 ICPA ACCOUNTANCY & TAX PORTAL

Welcome to the ICPA Accountancy & Tax Portal provided in conjunction with our partners Taxationweb.

Below is a list of our most important recent articles which you can read in full by clicking on the links.

Alternatively you can select a topic from the menu to the left of the screen to see our full list of articles for that topic. We hope you find the articles both useful and informative. 

Good or Bad Tax Advice

 

Tax Avoidance plans are under fire and apart from everything else can result in penalties as well. Mark McLaughlin sets out whether reliance on professional advice can avoid a "reasonable care" penalty.

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Job & Employment References

 

What are the rights and wrongs about employment references? Who better to answer than ACAS and here is what they have to say 

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Agent Account Managers in HMRC 

 

HMRC are keen to promote the value of consulting your Agent Account Manager if problems arise. So if you have yet to sign up with one here is how you can go about it.

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2019 Contractors Loan Charge

 

HMRC explain why the charge came about, how to spread the repayments and how it will be calculated. So if you are caught up in this or have clients who it applies to this may help. 

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Important new VAT rules for construction services from 2019

 

A new reverse charge will be introduced from October 2019 for Construction Services. This short article covers what it will mean and why HMRC want it. It also points out that Construction Services will cover an awful lot.

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Pay as you go

 

Not the mobile 'phone tariff but in this article the team from Informanagement re-ignite the MTD proposals for Pay as you Go tax.

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Can we make staff work overtime?

  

If you need staff to work overtime in busy periods CronerTaxwise point out that you need to look at the Contract of employment first. Highlighting yet again the importance of a well crafted and worded Contract

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Making Assumptions in Enquiries 

 

HMRC need to follow the rules which is what they expect taxpayers to do as well. Making assumptions based on on spurious economic models or whatever should not overturn well maintained records.     

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GDPR has landed

  

The team from Qtac Payroll explain yet again that GDPR is not just about marketing. They also point out the latest thinking by the ICO when it comes to small business and fines.

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Property Partnerships & Form 17: How does it work?

 

All accountants know that joint owned property profits are by default allocated 50:50 in a marriage situation. A variance can be achieved and form 17 is the mechanism to achieve it. Lee Sharpe explains the process and gives some good tips as well.

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Commercial Common Sense Wins Through 

 

Still reeling over what constitutes food as opposed to confectionery for vat or maybe for Vat what actually constitutes "hot" in connection with food. Melanie Lord throws up another issue and this time it's "printed matter" and as with all things Vat it's never simple isn't it?  

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The Power of A Webinar

 

Steve Pipe explains why he believes webinars are the easiest and cheapest way to grow a practice. Having decided on a webinar he gives 7 tips on how to make it successful.  

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HMRC too keen to resort to legal action

 

The CIOT reported that it's members were complaining that HMRC was not adhering to it's policy of not pursuing cases through the law which were unlikely to succeed.  

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Protecting your state pension when Class 2 NIC is abolished

 

When Class 2 NIC is abolished in 2019 the low earning self-employed taxpayers and those with losses will be confronted with a contributions gap. CronerTaxwise look at the options available.  

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Adjudicator's Office Report on HMRC and VOA

 

Here is the official Press release from the Adjudicator's Office announcing their 2018 Report into HMRC and the VOA.  

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HMRC Penalties: Luck of the draw? 

 

Similar cases before the Tribunal, similar arguments made but dissimilar results. Mark Mclaughlin points out that decisions cannot always be relied upon. 

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VAT and Teaching: It's exempt isn't it?

 

Private tuition of school subjects is exempt isn't it? In this response to a question the team at CronerTaxwise point out why sometimes it's not. 

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BBC in talks with HMRC over IR35 

 

Qdos Contractor report that they believe HMRC are in talks with the BBC regarding IR35. The article gives some background and a brief review of the BBC and IR35 and questions whether other bodies would benefit from this approach.

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Dealing with stress in the workplace 

 

In 2015/16 over 480,000 people in the UK reported that work related stress was making them ill and of course Accountants are not immune. The team at ACAS take a look at the situation and give some sensible help and advice.  

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OTS: Simplifying tax relief for fixed assets

 

After much ado the OTS having looking into the evidence for changes to the system for Capital Allowances concluded that no changes were necessary but made some recommendation. Here is their report. 

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HMRC "May Not Always Be Right It Is Never Wrong"

 

In a detailed article the Taxationweb editor Lee Sharpe pulls no punches in reviewing HMRC's publicity machine which is only ever giving one impression and one side of the story namely that they are always right and points out the damage this is causing.

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