Important VAT Changes – Construction Reverse Charge
On 1 April, HMRC opened a new consultation on the upcoming changes to the taxation of property disposals made by individuals. Please see our recent blog, “UK Property – Important taxation changes on the way”, for the background of the changes.
An Appendix 4 Short Term Business Visitor (STBV) arrangement provides an opportunity for employers to relax the strict PAYE requirements for individuals employed by a related overseas company who come to work in the UK for the UK company or the UK branch of the overseas company.
Whats the issue?
As part of the Norwegian income tax compliance process, individuals who have worked in Norway, either offshore on the Norwegian Continental Shelf or onshore in Norway have a responsibility to complete a Norwegian income tax return.
Research and Development (“R&D”) tax relief is a government initiative to try and support businesses investing in innovative activities. The relief is an attempt to support the government’s aim of increasing UK expenditure on R&D to 2.4% of GDP by 2027.
