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How the £1,000 trading allowance works
There is a £1,000 tax allowances for miscellaneous trading income that has been available to taxpayers since April 2017. This ...
When is lettings relief available?
In general, there is no Capital Gains Tax (CGT) on a property which has been used as the main family ...
Qualifying for VAT special schemes
There are three main special VAT schemes available to small businesses. These are the flat rate scheme, the annual accounting ...
Is your income approaching £100,000?
For high earning taxpayers, the personal allowance is gradually reduced by £1 for every £2 of adjusted net income that ...
Are you ready for VAT filing changes April 2019?
The introduction of Making Tax Digital (MTD) for VAT is fast approaching. From April 2019, some 1 million businesses with ...
VAT on property service charges
A new Revenue and Customs Brief (6-2018) entitled VAT exemption for all domestic service charges has recently been published by ...
Citizens’ rights in the event of a no deal Brexit
The government has published a policy paper on what might happen to EU citizens in the UK and UK nationals ...
When you can utilise overlap relief
The assessment of self-employed or partnerships profits is usually relatively straight-forward if the accounting date, to which accounts are prepared ...
Who can or cannot claim the Employment Allowance
The Employment Allowance of £3,000 per year is available to most businesses and charities to be offset against their employers ...
Taxation of termination payments
In the 2016 Budget, the government announced that termination payments over £30,000 would be subject to employer National Insurance Contributions ...
HMRC writes to taxpayers in Wales
HRMC has written to two million taxpayers in Wales concerning the introduction of the Welsh rates of Income Tax (WRIT) ...
UK VAT claims by non-EU businesses
The VAT paid in other EU countries is often recoverable by VAT-registered businesses in the UK, who bought goods or ...