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HMRC Finally Announces Changes Needed to Narrow the

WEBSTEVE ALLEN is the Managing Director of VAT Advisers Ltd, and has more than 19 years’ experience in VAT. He began with HM Customs & Excise in 1990, and …

Actived: 8 days ago

URL: https://www.taxationweb.co.uk/tax-articles/vat-a-excise-duties/hmrc-finally-announces-changes-needed-to-narrow-the-current-uk-medical-exemption.html

Understanding HMRC Penalties

WEBWhat is ‘Reasonable Care’? The HMRC factsheet, Penalties for inaccuracies in returns and documents, is issued to your client when HMRC believes a penalty is …

Category: Health Go Health

HMRC concern over taxable medical check ups

WEBHMRC are concerned that the regulations which make employer-provided health screening and medical check ups exempt for income tax are not working in the …

Category: Medical Go Health

Baby bonus for mothers-to-be

WEBMothers-to-be can now claim a tax-free cash bonus of £190. The new Health in Pregnancy Grant (HiPG) is a one-off payment intended to help pregnant mothers stay fit and …

Category: Health Go Health

Benefits Provided through a Partnership

WEBCMS provided cars and car fuel to the partners, and the cars were available for private use. The partnership also paid for the running costs of the cars. The partnership recovered …

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Discounted Gift Trusts: An Introduction

WEBHow the Trust Works. The amount that is to be gifted is invested in a life insurance investment bond, and this is gifted to a Discounted Gift Trust established at the same …

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Discounted Gift Trusts

WEBIntroduction. The Discounted Gift Trust (DGT) allows you to gift cash to a trust, held for the ultimate benefit of your beneficiaries. The aim is to avoid Inheritance Tax (IHT) on this …

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Gifts With Reservation: The Rules Explained

WEBMark McLaughlin CTA (Fellow) ATT TEP looks at the inheritance tax 'gifts with reservation' rules and their interaction with 'pre-owned assets'. Inheritance tax (IHT) has not been …

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The Discounted Gift Trust

WEBOverview of the Mechanism. The DGT allows you to gift cash assets to a Trust, which is held for the ultimate benefit of your nominated beneficiaries. When set up under a bare …

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How One Accountant Missed Saving His Client's Family A £

WEBSpecialist Inheritance Tax Planning & Investments. Arnold Aaron provides investment, estate planning and financial advice to private clients, company directors, pension funds …

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Latest HMRC podcast now live

WEBSarah Laing Editor, TaxationWeb News. Sarah is a Chartered Tax Adviser. She has been writing professionally since joining CCH Editions in 1998 as a Senior Technical Editor, …

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Employment Status 'Pros' And 'Cons'

WEBThere are two main categories of employment status: employed or self employed, although further in this chapter we will also consider workers covered by the IR35 legislation, …

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Re: Medical insurance in self-assessment

WEBRe: Medical insurance in self-assessment. Postby bd6759 » Tue Dec 08, 2015 7:50 pm. Benefits are taxed on the "cash equivalent." The cash equivalent of your …

Category: Medical Go Health

HMRC publish guidance on medical services and VAT

WEBHMRC have published Brief 06/07, which announces the implementation of changes to the exemption from VAT for medical services, following the European Court …

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IHT GIFTS WITH RESERVATION: EXCEPTIONS AND EXCLUSIONS

WEBThe GWR rules do not apply to certain exempt transfers (FA 1986, s 102 (5)). The exemptions are listed below (all references are to IHTA 1984): • transfers between …

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Separation of business activities

WEBThe new paragraph gave extra weight to paragraph 2 – with the following words: ‘1A (1) Paragraph 2 below is for the purpose of preventing the maintenance or creation of any …

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