Assure UK Welcomes Workers Pension Trusts Successful Authorisation

Leading audit and assurance provider, Assure UK worked with Workers Pension Trust on the Systems and Processes and Fit and Proper Person Checks to successfully obtain Master Trust Authorisation on 27 August 2019 by The Pensions Regulator (TPR). Workers Pension Trust brings the number of authorised schemes in the market to 20 and is the…

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Are You a Medium to Large Business? IR35 Could Impact You

After many years of dithering and sabre rattling HMRC finally started to enforce the off-payroll working rules (commonly known as IR35) for the public sector in 2017. Now those same rules are about to be applied to medium sized and large businesses from April 2020. IR35 was introduced in 1999 initially to curb the proliferation…

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Assure UK Launch Cloud Accounting Company

Assure UK has launched a sister company Progress Accountants, to meet clients cloud accounting needs and help them comply with Making Tax Digital regulations. Based in North Oxfordshire, Progress Accountants is not your average accountancy practice, it is here to reinvent accountancy, making business life for clients a little more enjoyable. From simply helping to…

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No Change to Rent a Room Scheme for Air BnB Landlords

Last year HMRC carried out a review of rent a room relief that was introduced in 1992 to offer a wider range of low cost rented accommodation. It was proposed that the availability of this generous relief would be restricted to situations where the taxpayer was resident for at least part of the time when…

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Non-Resident Capital Gains Tax (CGT) on Property

Non-UK residents will from 6 April 2019 must pay Capital Gains Tax (CGT) on the disposal of UK real estate. Prior to the legislation CGT on real estate for non-residents was only on disposals of residential property. Moving forward CGT will be applied to all UK land (including commercial). Indirect disposals The CGT will also…

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Disguised Remuneration Loan Charge April 2019

Disguised remuneration charges will apply to certain loans to directors and employees that are still outstanding after 5 April 2019. The charge affects arrangements involving loans made via Employee Benefit Trusts (EBTs) and similar disguised remuneration schemes. The new reporting and payment obligations came into force for employers using such schemes on 5 April 2019.…

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Personal Service Company Changes from April 2020

In the Autumn Budget, the Chancellor announced that the “off payroll” workers rules that currently apply in the public sector would be rolled out to the private sector in 2020. The government have now issued a consultation paper that sets out proposed tax and national insurance changes that will impact on those supplying their services…

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Increased Pensions Contribution

Pensions contributions for Auto Enrolment are due to increase 6 April 2019, meaning you are likely to be at least £20 short on your next payday. What is Auto Enrolment? The Auto Enrolment was introduced by the government in 2012, the scheme was set up to ensure everyone has a private pension to add to…

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Tax Efficient Investments

If you are looking for investment opportunities, have you considered the Enterprise Investment Scheme (EIS)? These investments in certain qualifying companies allow you to set off of 30% of the amount invested against your income tax bill as well as the ability to defer Capital Gains Tax (CGT) until the shares are sold. An even…

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Assure UK shortlisted in the Cherwell Business Awards

Local Chartered Accountants and Business Advisors, Assure UK has been shortlisted for the ‘Apprenticeship and Training Award’ at the impending 2019 Cherwell Business Awards. Now in its 8th year, the Cherwell Business Awards aim to bring the business community together in the Cherwell district to celebrate hard work and excellence and showcase true success stories.…

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