Why CEST isn’t fit for purpose
CEST stands for Check Employment Status for Tax and is the HMRC developed tool that many businesses use for IR35 assessments. It hasn’t been updated for nearly 3 years and as such its suitability is frequently discussed, and despite businesses continuing to use it for conducting IR35 assessments, it is important to note that its […]
Spring Budget – 2023
The Chancellor’s budget today centred on achieving growth by “removing obstacles that stop businesses investing; by tackling labour shortages that stop them recruiting; by breaking down barriers that stop people working; and by harnessing British ingenuity to make us a science and technology superpower.” And although the spending deficit has improved, following a rise in […]
AJ Bell Great Manchester 10k Run
On Sunday 21st May, 30 employees across the Brookson Group will be running the AJ Bell Great Manchester 10K run to raise funds for Cancer Research UK. This is an incredible effort by our team, and we’re proud to support such a great cause. Cancer Research UK is one of the world’s leading cancer research […]
All you need to know about HMRC Investigations
It was confirmed on the 17th of October 2022 by the Chancellor of the Exchequer, Jeremy Hunt, that plans to repeal Chapter 10, ITEPA 2003 (more commonly known as IR35) have been scrapped. This means that End Hirers in the supply chain will continue to be responsible for assessing the employment status of their off-payroll […]
What is End-to-end supply chain compliance?
Supply Chain Compliance – End Hirer Risks
Full end-to-end supply chain compliance means the hirer knows and has a full understanding of how all entities of their supply chain function. To help you understand the entities included in your supply chain and the risks associated with them that could affect you as the hirer, we have put together the following infographic and […]
Recap of 2022
It is hard to believe that it was only 12 months ago when many medium and large-sized end-hirer organisations were starting to get comfortable with the IR35 off-payroll working rules. For those organisations who applied the IR35 rules fairly, they had undertaken the challenging and arduous task of assessing the employment status of all its […]
Autumn Statement 2022
In order for the Government to plug an anticipated £55 billion hole in public finances, (half of which are to be paid for by tax rises) the Prime Minister and Chancellor had already “agreed on the principle that those with the broadest shoulder should be asked to bear the greatest burden”. How will it affect you? The dominant theme of the statement for personal finances was the extended freezing […]
Changes to VAT penalties and VAT Interest Charges
The changes will affect everyone submitting VAT Returns for accounting periods starting on or after 1 January 2023. Any nil or repayment VAT returns received late will also be subject to late submission penalty points and financial penalties.
VAT – The Basics
What is VAT, when do you have to register for VAT, what are the charges? We explain the basics here in the VAT FAQ.