New ideas from government think tank

At the beginning of August, the Office for Tax Simplification (OTS) – a government department charged with coming up withRead More…

Ask the government to sell property

UK residents can ask for publicly owned land and buildings to be sold if they think that the property isRead More…

When is Capital Gains Tax payable

Notwithstanding any of the comments that follow, an individual is allowed to make tax-free capital gains of £11,700 during 2018-19.Read More…

Changes to rent a room relief

A new test is to be added to the qualifying criteria for rent-a-room relief from April 2019. The test willRead More…

Tax Diary August/September 2018

1 August 2018 – Due date for Corporation Tax due for the year ended 31 October 2017. 19 August 2018Read More…

Points based penalties

In the recently published draft clauses that will form the basis of the Budget later this year, HMRC has outlinedRead More…

Undeclared offshore assets

From 1 October more than 100 countries, including the UK, will be able to exchange data on financial accounts underRead More…

Work from home?

We are often quizzed by clients who are contemplating working from home: what are the tax consequences? And in particular,Read More…

Planning for early losses

If you are setting up a new business, you may discover that establishing a profitable base takes time. If yourRead More…

Are you missing out on tax credits?

There has been much commentary in recent months reminding tax payers who claim tax credits to file their renewals applicationRead More…

What is in a name?

One of the first things a budding entrepreneur considers is what to call their business. If you intend to incorporateRead More…

What if there is a hard Brexit?

Although we strive to be non-political in this blog, it would seem that there is an increasing likelihood that whenRead More…

Penalties to be points based

Drivers face disqualification from driving if they accumulate 12 or more penalty points for driving offences. The resulting ban canRead More…

Tax security deposits to be extended

Continuing the theme from last week’s blog post, we have listed details of a forthcoming change to the taxation ofRead More…

Do not fall for spoof emails from the taxman

New figures show that HM Revenue and Customs (HMRC) requested a record 20,750 malicious sites to be taken down inRead More…

Advance notice

Last week the Treasury issued draft clauses for the forthcoming Finance Bill (to be published after the Autumn Budget laterRead More…

Construction drawn into VAT reverse charge process

It would seem, that HMRC is keen to plug the apparent drain from VAT receipts when contractors and sub-contractors chargeRead More…

Self-employed tax bills

Whether you pay income tax or National Insurance, the effect on your cash flow is the same. The payments areRead More…

Making Tax Digital

A reminder that from April 2019, HMRC’s much vaunted Making Tax Digital (MTD) scheme will apply to certain businesses. TheRead More…

Tax Diary July/August 2018

1 July 2018 – Due date for corporation tax due for the year ended 30 September 2017. 6 July 2018Read More…

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