The Brexit Transition period, Budget Day, Sneaky Tax Excuses and other business news from Moore Green Chartered Accountants
Brexit - transition period
The leaders of the UK and European Union signed the Withdrawal Agreement, and the UK left the EU on 31 January 2020.
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Scottish Budget
Minister for Public Finance and Digital Economy, Kate Forbes, delivered the 2020/21 Scottish Draft Budget on Thursday 6 February 2020.
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Budget Day 11 March
Chancellor Sajid Javid has announced that he will deliver the 2020 Budget on Wednesday 11 March 2020.
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A decade of bizarre excuses and expense claims
Vengeful witches and pet hamsters feature in HMRC's list of imaginative excuses and expense claims.
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Off-payroll working
HMRC has now published draft secondary legislation for the off-payroll working rules that are due to come into force in April this year.
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Tax relief on professional fees and subscriptions
Employees are allowed to claim tax relief on their annual professional fees or subscriptions to some HMRC approved professional organisations.
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Changes to overdraft fees
The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare.
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New right to paid parental bereavement leave
The government has confirmed that parents who suffer the loss of a child will be entitled to two weeks' statutory leave.
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