Local professional support - March 2019

Why HMRC is looking Down Under for loan charge settlements
Information recently released following an FOI request has revealed that HMRC has written over 1,700 letters to people living overseas who are potentially subject to the loan charge, with Australia and New Zealand topping the list. The case underlines that whatever happens with Brexit, the increasing globalisation of the labour market is presenting a growing problem for tax authorities around the world. 

Latest 'no-deal' Brexit VAT guidance from HMRC – act now to avoid missing VAT refunds
With the UK’s withdrawal from the EU just around the corner and a no-deal Brexit very much still a possibility, HMRC has published guidance on some of the practical challenges that could face UK businesses including reclaiming VAT from EU member states; VAT registration issues for consumer businesses selling digital services to the EU; and how to verify UK VAT registration details. Affected businesses must act now. 

Why understanding Gift Aid is not a piece of cake 
As Gift Aid approaches its 30-year anniversary, HMRC is asking charities to raise awareness among fundraisers about what is covered under the scheme amid concerns that £1m may be being wrongly paid out every month.

When is a dwelling not a dwelling?
How poor a condition must a building be in before it ceases to be suitable for use as a dwelling? A scratch on a fine Corian worktop, though annoying, wouldn’t be enough, even to the most house-proud owner, whereas a house without a roof would certainly be unsuitable. So, where does the boundary lie?  

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