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Action points, issue 4578

28 November 2016
Issue: 4578 / Categories: For Action

Put your client admin into motion.

  • For clients who have accessed pension savings under the new flexibility make sure they know that the limit for further contributions to a money purchase pension is to fall to £4 000 from next April.

 

  • One of the problems for the taxpayer in a recent tribunal case was that he had not kept proper business records. Impress on clients the importance of maintaining accurate and contemporaneous records so that HMRC officers are happy with these.

 

  • Although it is now too late to put any new clients into the shareholder status exemption the autumn statement changes are not retrospective and existing employees can retain their tax benefits. Clients may be concerned about the chancellor’s announcement.

 

  • The construction of a village hall would apply for VAT zero-rating as a relevant charitable purpose but the...

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