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Clive Owen Tax E-News - September 2019

Welcome to our tax news delivering tax updates for businesses, entrepreneurs and private clients.

Our tax team are constantly advising individuals and companies on a variety of tax matters including inheritance tax planning, company re-organisations and disposals as well as minimising tax across the family. Please do give them a call today to discuss any matters which you feel requires tax advice. Given the possibility of an election and a new Government, tax changes could be on the horizon, so it could be beneficial to act now.
Pension U-Turn
Previously, hospital doctors and GPs were lobbying the government to amend the pension tax rules as the current system of restricting tax relief on pension contributions means that many medical professionals are penalised heavily in additional tax as a result of taking on further responsibilities or shifts.
Read more on our website
Company Officers Liable for VAT Penalty
The decision in a recent tax tribunal case reminds us that directors and other company officers may be personally liable for VAT penalties of their company. The recent case involved a penalty for late registration for VAT where the threshold had been exceeded.
Read more on our website
When is a van not a van?
HMRC are being urged to provide clarity and consistency on the tax treatment of commercial vehicles such as VW Kombi vans marketed as goods vehicles. The need for clarity follows the ruling in an important tax tribunal case involving “vans” provided to employees of Coca Cola.
Read more on our website
Are you in the Construction industry?  

Good News - there has been a year delay to the proposed Construction Services Domestic Reverse Charge (CSDRC). This will give construction businesses more time to adapt to the new rules which will come in from October 2020

We have produced a newsletter for VAT - Construction Services Domestic Reverse Charge (CSDRC).  This will give you an insight into VAT registered businesses which supply certain services to other VAT registered businesses.
DOWNLOAD your copy today.
More articles on our website - www.cliveowen.com
Offices at Darlington, Durham and York. Registered Office: 140 Coniscliffe Road, Darlington,
Co Durham, DL3 7RT
A list of members is available at the above address.
Registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England & Wales. Clive Owen LLP is a Limited Liability Partnership, registered in England and Wales. Registration number: OC312218

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