Podcast Episodes
A summary of each podcast episode is shown below. You can download the episodes where you usually obtain your podcasts including: Apple Podcasts, Amazon music, Spotify, Google podcasts, Podcast addict, Podchaser, PlayerFM or play from the link below.
The podcasts provide tax CPD for accountants based in the UK
What's new in October 2023 - part A
Contact Ros Martin
Ros is a leading tax consultant and trainer, she can be contacted at:
E-mail: ros@taxdr.co.uk
Website: www.taxdr.co.uk
The October 2023 - what's new in tax update
The October 2023 update provides you with an update on a range of practical issues that are topical or have been recently raised as important by HMRC.
The episode
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Explains each issue and points to watch out for
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Looks at planning points, action to take and likely HMRC approach
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What to do now if you are affected, the administration you need to do e.g. how to actually register a trust etc.
The episode aims to explain the issues and the action you can take.
The guest is Ros Martin a tax consultant and trainer. Ros can be contacted at ros@taxdr.co.uk or www.taxdr.co.uk.
The update is split into two episodes of about 30 minutes each.
In part A we look at
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HMRC’s spotlight 62 and owner managed businesses
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Practical issues registering trusts
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IR35 – developments in Autumn 2023
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R & D the issues you need to know about even if you have not done the claim
Details contents and timings
3:08 Dividend diversion scheme used by OMBs
3:20 Spotlight 62
4:10 Using dividends to pay school fees - scheme explained
5:09 Parents are deemed indirect settlors
5:40 Paying university school fees / costs
6:27 Impact of DOTAS
7:13 Likely approach of HMRC on penalties, interest etc
7:51 Existing schemes used in past years
8:53 HMRC guidance
11:48 Paying a salary to the children and why it won't work and is not advisable
15:05 Which trusts have to register with HMRC
15:29 Trusts registration scheme manual
16:40 How to register a trust with HMRC
17:22 How you will know it has been registered
17:57 Requirement to keep trust details up to date
19:09 Penalties and mitigation
19:40 Trusts created by a will
22:55 IR35 current issues and schemes as identified in Sept 23
23:58 Umbrella companies and why they are bad news
25:02 Should the sub-contractor know? Do they have a basis for reasonable excuse?
26:16 The IR35 issue for accountants in autumn 2023
26:42 R & D - how it affects accountants even if you have not done the claim
28:51 R & D nudge (one to many) campaign
32:34 Options to amend / withdraw 'dubious' R & D claims
33:52 How to contact Ros Martin
34:31 Updated HMRC tax avoidance campaign
