Many clients record the total hours worked by employees and workers who are paid on an hourly basis, but do you keep records relating to their breaks and also for your salaried workers, especially those who work additional unpaid overtime?
The European Court of Justice (ECJ) has recently ruled that employers must record the daily working time of individual workers in order to be able to demonstrate compliance with the Working Time Directive (WTD).
The way VAT is administered for businesses in the construction industry is changing from 1 October 2019. Organisations operating in this sector need to plan for these changes now so they are ready when the new rules take effect.
A capital gains tax (CGT) exemption applies when an individual disposes of a dwelling that has been used as their only or main residence under the Private Residence Relief (PRR) rules. The exemption applies as long as the relevant conditions are met throughout the total period of ownership. This relief is supplemented by ancillary reliefs that aim to deal with other related situations.
The government has previously announced and legislated to reform two of the ancillary reliefs to better target PRR at owner-occupiers. The reliefs which are being amended are:
These changes will take effect from 6 April 2020. The government is now consulting on the changes in more detail and on how they will work in practice. It also invites views on some technical aspects of the PRR rules.
Internet link: GOV.UK consultation
The government has launched a consultation on proposed reforms at Companies House, including a 'major upgrade' of its register.
The consultation aims to tackle misuse of the register. It also strives to provide business owners with 'greater protection from fraud'.
The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019, are due for submission to HMRC by 6 July 2019. The process of gathering the necessary information and completing the forms can take some time, so it is important that this process is not left to the last minute.
A report by the Office of Tax Simplification (OTS) calls on the government to prioritise action to 'address long-standing concerns about the experience of smaller businesses'. The report considers the business lifecycle, especially those starting up and provides recommendations in five areas:
Internet link: GOV.UK simplifying tax