August 2018 Newsletter

Hello August …. whilst the temperature is cooling down a bit, we are keeping super busy and bring you this month’s newsletter with articles about the CEST tool, Tax incentives for longer term lets, a call for delaying the implementation of MTD and MP’s calling for a new tax to help cover the costs of caring for the elderly….

The government is considering introducing tax incentives for landlords who offer longer tenancies, as part of a new consultation.
The Residential Landlords Association (RLA) says this would encourage 63% of landlords to offer a longer tenancy….

HMRC criticised for lack of ‘mutuality of obligation’ in CEST online tool
The Freelancer and Contractor Services Association (FCSA) has slammed the HMRC for omitting mutuality of obligation in an online tool designed to assess an individual’s employment status….

The British Chambers of Commerce (BCC) calls for delay in MTD until 2020/2021. VAT-registered businesses with annual turnover of more than £85,000 are due to be the first to go through the transition to digital accounts for reporting VAT only from April 2019 ….

‘Tax over-40s to pay for elderly care costs’, say MPs                                                                         Over-40s in England should pay a new tax to help cover the costs of providing care for the elderly, MPs have said….

Get in touch for Accountancy and Business advice.

Wishing you a long and happy August!
From Graeme, Sarah and all the team at SeavorChartered

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