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HMRC has a number of legacy computer systems, which can result in corrupted data and incorrect tax computations. This has been an issue with class 2 NIC as we explained in our newsletter on 8 December 2016, and again on 23 March 2017.
It appears that the problems with class 2 NIC have not been addressed by HMRC, perhaps because it expected class 2 to be abolished from 6 April 2018. In fact, class 2 NIC will be retained until 6 April 2019, when it will be merged with class 4 NIC.
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Welcome to our monthly newswire. We hope you enjoy reading this newsletter and find it useful.
Mobile Device Management
Bring your own device (BYOD) policies have become increasingly popular in the last number of years. However, this has meant that small and medium sized businesses have faced new challenges in terms of how to manage company data held on the personal devices of employees.
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Welcome to our latest monthly tax newswire. We hope you enjoy reading this newsletter and find it useful. Contact us if you wish to discuss any issues further.
ARE YOU SURE YOU OR YOUR WORKERS ARE SELF-EMPLOYED?
Last year we reported that the House of Commons Work and Pensions Committee published a report calling on the Government to close the loopholes that allow “bogus” self-employment practices, which burden the welfare state but reduce the tax contributions needed to sustain it.
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In our newsletter on 24 August 2017 we outlined why HMRC was extending the deadline for revising R&D tax credit claims for accounting periods which ended between 9 October 2014 and 31 January 2016. The revised deadline was 31 January 2018.
In Agent Update no. 64 HMRC announced that this extended deadline has been further extended to 30 April 2018, but no reason has been given. The Agent Update says the HMRC manual on R&D (CIRD) had been updated to reflect the further extension, but it hasn’t, yet.
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This case involved a BBC presenter: Christa Ackroyd, who was encouraged by the BBC to work through her own personal service company: Christa Ackroyd Media Ltd (CAM). The contracts between the BBC and CAM for Ackroyd’s services were for fixed terms of five years, then a further seven years. The work performed under those contracts amounted to a full-time job.
Ackroyd’s husband, Christopher Sutcliffe, was also a director and shareholder of CAM. As he is an accountant he helped to prepare the accounts and tax return for the company. Ackroyd had a second tax adviser: Mr Biggin, who she asked to check the terms of the arrangement with the BBC. He apparently advised her “everything was in order”.
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In our newsletter on 14 September 2017, we told you about HMRC’s complaint to the Advertising Standards Authority (ASA) about a tax avoidance scheme, which used disguised remuneration trusts to make loans to the business owners. That complaint was upheld.
