2019-20 Update: UK Tax

access120 days access
cpd hours4 CPD hours
This course is not currently available. This may be because we are updating it, because a new version is soon to be published or because it is being withdrawn. To find out more or to ask us a question about this course, please email us.

In this course you will:

  • Explore recent changes affecting the taxation of individuals from tax-efficient investments to employee travel expenses
  • Look at recent developments affecting businesses, including compliance obligations and tax breaks
  • Get familiar with capital taxes and recent changes affecting property transactions
  • Take a closer look at indirect taxes including VAT and Stamp taxes, and the various environmental taxes, often referred to as "stealth taxes"

Tax legislation is changing at a fast pace and will continue to do so. It is often difficult to keep up with new tax laws and regulations. With added uncertainties such as Brexit and the Spring Statement 2019: Written Ministerial Statement, which is currently under review, it can make staying up to date that much harder.

However, it is crucial that as an accountant you are aware of the changes being made and where forthcoming legislation can be expected.

This course covers key developments in taxation in 2019-20 and the effect these developments will have over the coming months.

Personal Tax

  • Tax-efficient investments
  • Tax-free trading allowance
  • Employee travel expenses
  • OpRAs
  • Company vans
  • Tax charges on company vans

Business Tax

  • Temporary increase in annual investment allowance
  • Cash basis for landlords
  • Directors' loans accounts
  • Paying family members

Capital Taxes

  • Increase in annual exemption
  • Main residence relief for CGT
  • Periods of absence and lettings relief
  • CGT - Finance Act 2019
  • IHT residence nil rate band
  • RNRB - Finance Act 2019

Indirect Taxes

  • MTD for VAT
  • Choosing the right VAT rate
  • A juicy VAT case
  • Class 2 NICs update
  • Future reform
  • Plastic packaging tax
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