Jackson Stephen Blog

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This is where we air our opinions or pass on our thoughts and comments on occasion, when the mood takes us. Usually about business matters, it must be said.

The general idea is to disprove the notion that accountants say nothing at dinner parties! We have even been known to be amusing! Read on.

The Quarter Ended 30 June 2019 Is The First Mandatory Quarterly VAT Return to Be Filed Under MTD - Don't Leave it Too late to Register!

VAT registered businesses with a taxable turnover above the VAT threshold of £85,000 should by now have their functional compatible software in place.

28-Jun-2019

Law-breaking employers targeted with pension compliance checks

Employers who are not complying with their automatic enrolment pension duties are being targeted with short-notice inspections

27-Jun-2019

High Income Child Benefit Charge and State Pension

Last week we looked at tax planning to minimise or eliminate the high income child benefit to keep both husband and wife (or civil partners) looking after a child below the £50,000 threshold.

26-Jun-2019

Social Media Used in Tax Residency Case

Since singer Johnny Hallyday died in 2017, there has been a battle over his £89M fortune between his biological children and their stepmother, Hallyday’s second wife with whom he lived with in Los Angeles prior to his death. Hallyday’s Will disinherited his biological children, leaving his whole fortune to his wife.

26-Jun-2019

Diary of main tax events June/July 2019

04-Jun-2019

P11D forms due soon

Employers need to submit details of benefits in kind provided to directors and employees by 6 July 2019

17-Jun-2019

Reporting the issue of shares or options to staff

Gifts and awards of shares in companies, often known as employment related securities (ERS) are commonly used by employers to reward, retain or provide incentives to employees. They can be tax advantaged or non-tax advantaged.

17-Jun-2019

Some cars now only qualify for 6% tax relief

The latest Finance Act has reduced the tax writing down allowance for motor cars that emit more than 110 grams of CO2 to just 6% on a reducing balance basis from April 2019.

17-Jun-2019

Tax planning to minimise the high income child benefit charge

The substantial increase in the higher rate threshold to £50,000 is good news for many taxpayers. However, that same figure is the point at which child benefit starts being clawed back and there has been no increase in that threshold since the High Income Child Benefit Charge was introduced in 2013/14.

17-Jun-2019

Sounds Like An Employee Ownership Trust (EOT)

You might have seen recent news articles reporting that Julian Richer has sold 60% of his Richer Sounds audio equipment chain to an employee-owned trust. Mr Richer has said he plans to stay involved with the business, but would leave the day-to-day running to the management board.

20-May-2019

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