Technical Updates

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18 January 2019

Trading with the EU after a "No Deal" Brexit

The Withdrawal Agreement, which was roundly rejected by Parliament on 15 January 2019 following agreement in principle with the European Union on 25 November 2018, provides that VAT and customs processes in relation to trade between the UK and the EU will not immediately change when the United Kingdom leaves the EU at 11pm GMT on 29 March 2019. The Agreement envisages…
Business taxes Personal taxes VAT Technical updates
22 November 2018

Making Tax Digital for VAT

This update concerns the significant changes to the timing and scope of Making Tax Digital (‘MTD’). For more detailed background information, please see our MTD March 2017 and July…
Business taxes Compliance Personal taxes Technology VAT Technical updates
07 November 2018

VAT Mini One Stop Shop - Upcoming changes

Since 1 January 2015 businesses supplying digital services (telecommunication services, radio and TV broadcasting services and electronically supplied services) to non-business customers have been liable to account for VAT in the country where the customer belongs. These sales are referred to as sales to consumers or B2C sales. There is no de minimis threshold, meaning…
VAT Technical updates
02 November 2018

Charities SORP Update Bulletin 2

The Charity Commission published their second Update Bulletin on 5 October. The amendments apply to all charities for reporting periods beginning on or after 1 January 2019, except for the clarifying amendments which are applicable from the publication date. Early adoption is permitted, but all changes will need to be adopted at once. Note that the published SORP FRS…
Charity Technical updates
30 October 2018

2018 Budget Update

This document highlights the more important tax changes and announcements from the 2018 Budget.
Budget update Technical updates
29 October 2018

UK Tax Data Card 2019/20

Please click the download PDF button to view the UK Tax Data Card 2019/20. There is also a version of the tax data card which should be easier to read on a mobile device here.
Tax data card Technical updates
19 September 2018

Museum and Gallery Tax Relief

Museums and Galleries Exhibition Tax Relief (MGETR) is available to incorporated museums and galleries from 1 April 2017. The objective of the relief is to recognise the cultural value of museums and galleries in the UK and encourage more diverse and high quality exhibitions. The relief allows companies to claim an enhanced corporation tax deduction for qualifying…
Business taxes Charity Technical updates
08 August 2018

Reforms to Off-Payroll Working – Extension to the Private Sector

Update October 2018: The government announced in the 2018 Budget that the extension to the rules described in the rest of this update will take effect from April 2020 and will not apply ‘to the smallest 1.5 million businesses’. It is not yet known how the government will define these small businesses and, as the scope of the relief is likely to be very limited,…
Business taxes Compliance Personal taxes Technical updates
06 July 2018

Corporate Interest Expense

The worldwide debt cap rules were repealed effective from 1 April 2017 and have been replaced by the new corporate interest expense rules. The motivation behind the new rules is to restrict the amount of tax relief for interest expenditure claimed by large or multinational groups that are highly leveraged. For companies that have a year-end spanning this commencement…
Business taxes Technical updates
28 June 2018

GDPR – Our Approach

This note sets out the steps Dixon Wilson are taking to ensure the firm complies with the General Data Protection Regulation (GDPR).
Compliance Technology Technical updates
23 May 2018

Contract farming - Fyffe vs. Esslemont

A recent court ruling in the Scottish Land Courts has provided food for thought for landowners operating contract farming arrangements.  The case, Fyffe v Esslemont, was not primarily concerned with taxation but nonetheless provided interesting analysis on contract farming arrangements.
Inheritance tax Property Technical updates
11 May 2018

Carried Forward Losses for Companies

Prior to 1 April 2017, relief for carried-forward losses for companies was much more restricted than relief for losses arising in the current tax period. In the current tax period, losses could generally be set against other forms of profits (“sideways loss relief”) and also relieved against profits in other group companies (“group relief”). For carried-forward losses…
Business taxes Technical updates