This week’s UK tax tidbits, 1 April 2019

Apr 01, 2019

Devolved taxes in Wales and changes to payroll processes feature this week.

  • Protecting your taxes in insolvency is a consultation outlining how HMRC’s new status will differ from existing rules when a business goes into insolvency
  • From 6 April 2019, HMRC will no longer require changes to prior year payroll figures to be submitted by way of an earlier year update (EYU). The EYU will be used less frequently, although this will depend on the payroll software used
  • HMRC has updated its benchmark scale rate expenses rates for accommodation and subsistence payments to employees effective from 6 April 2019
  • The Welsh Finance Minister has announced the Welsh Government’s Tax Policy Work Plan for 2019
  • HMRC will be replacing its iForms and print and send paper forms in the coming months to meet new accessibility standards
  • Kathryn Cearns OBE has been appointed as new Chair of the Office of Tax Simplification
  • HMRC has issued Revenue and Customs Brief 1 (2019) which announces a change from 1 June 2019 to the VAT treatment of personal contract purchases and similar contracts, which were previously viewed as supplies of goods and a separate supply of credit
  • The 1 April 2019 changes to probate fees have been delayed due to pressure on parliamentary time. The Ministry of Justice has confirmed that once the motion is approved, the new probate fee regime would come into effect 21 days later and not on 1 April as originally planned. The relevant Statutory Instrument was laid before parliament in February. Guidance on the change is also available