Blog

The 2020 Annual Tax on Enveloped Dwellings Filing Deadline

19th February 20

A limited company, registered in the UK or not, has to pay Annual Tax on Enveloped Dwellings on UK residential property ...

Should I Make A Disclosure To HMRC?

12th February 20

A number of people have approached me recently, to help them with making a disclosure to HMRC ...

An Accountant Or A Tax Advisor

5th February 20

Accountants are the mainstay of the business world, but not everyone has a tax advisor. I think they're missing out ...

Changes To The Trust Registration Service

29th January 20

New trusts, created on or after 1st April 2020 need to be registered under the TRS within 30-days of creation ...

Government To Make Changes To The Loan Charge

22nd January 20

The findings from an independent review into the Loan Charge include a series of middle-ground reforms ...

Company Car Tax Changes In 2020

15th January 20

There are a number of changes happening to company car tax rules in 2020. Here's how you may be affected ...

Time Is Running Out For Tax Planning Opportunities

8th January 20

As we start 2020 and the new decade, our attention turns to the fact that the 5th of April is fast approaching ...

Can My Limited Company Pay My Mortgage?

1st January 20

You may have heard of salary sacrifice arrangements, but be careful if you want your company to pay your mortgage ...

Wishing You All A Very Merry Christmas

25th December 19

With most of us finishing for the holidays this week, I thought I'd join the festivities and let you have some tax trivia ...

Have You Declared Pension Growth On Your Tax Return?

11th December 19

If you're a high-earner, you could be hit with a huge tax bill for failing to report any pensions growth on your tax return ...

Treating Your Staff And Customers At Christmas

4th December 19

Christmas is fast approaching, and many business owners think about treating their staff and customers at this time of year ...

How To Extract Profits From Your Limited Company

27th November 19

There are a couple of ways to extract profits from your limited company, through a mix of dividends and salary ...

IR35 Employment Status: Contractor Or Employee?

20th November 19

The CEST assessment is designed to determine your IR35 employment status. What can you expect to happen?

Tribunal Considers What Is A Property Development Trade

13th November 19

Brexit has hit property development hard. Homes have failed to sell and agents are recommending drastic measures ...

Brexit: What Are The Potential Tax Consequences?

23rd October 19

While the post-Brexit financial landscape remains in flux, it is possible to make some educated guesses ...

Capital Gains Tax: PPR And The Main Residence Election

16th October 19

Gains made on the disposal of a property can be exempt from Capital Gains Tax if it is, or was, the owner's main residence ...

Taxman Wins Landmark IR35 Case Against BBC Presenters

9th October 19

HMRC has won a landmark IR35 tribunal, this time against three BBC presenters at the high court ...

Inheritance Tax: Is It Time For A Change?

9th October 19

The OTS has given its second report to Parliament, recommending simplification of Inheritance Tax ...

Builders: A Useful VAT Concession In A Recession

2nd October 19

Builders should know of a valuable VAT concession which could save many construction companies from failing ...

Ownership Of A Company's Business Premises

25th September 19

In certain cases, the business premises traded from will be owned by one or more of the company's shareholders ...

Family Will Planning: Using The Nil-Rate Band On First Death

18th September 19

When it comes to family will planning, have you heard of the nil-rate band on first death? It's a really useful relief ...

Domestic Reverse Charge for VAT Delayed!

11th September 19

The Government has announced a 12-month delay to the domestic reverse charge for VAT in the construction industry ...

Claiming Loan Interest Relief

4th September 19

We may not be near the end of the tax year, but many people are keeping an eye on their potential tax returns ...

VAT On Holiday Lets And Serviced Accommodation

28th August 19

With many businesses, once your income heads above andpound;85,000 you have to register for and pay VAT every quarter ...

Landlords And The HMRC Property Tax Campaign

21st August 19

HMRC announced a number of campaigns in 2013 so that taxpayers could bring their tax affairs up to date, no questions asked ...

SMEs Unaware Of Increased Annual Investment Allowance

14th August 19

Did you know that at least 50% of SMEs are unaware of changes to the Annual Investment Allowance?

Common Reporting Standard: HMRC Collects £122m So Far!

7th August 19

So, far, HMRC has collected andpound;122 million in extra taxes thanks to the new Common Reporting Standard tax regime ...

Inheritance Tax Relief For Losses On Shares

31st July 19

Share prices have been erratic over the past few years. Inheritance Tax specialists are beginning to ring the alarm bells ...

Off-Payroll Working Rules In The Private Sector

24th July 19

Off-payroll working rules came into force in the public sector in April 2017. Now it's being introduced to the private sector too ...

PPR Relief On The Sale Of Part Of Your Garden

17th July 19

As I sit here contemplating that I will have to wait until I am 68 to receive my state pension, I am contemplating how to fund my retirement ...

Have You Received A Nudge Letter From HMRC Recently?

10th July 19

The letters have started! If you have undeclared overseas property, accounts or investments, HMRC is going to nudge you ...

The Owner-Managed Business Property Tax Trap

3rd July 19

If you take a small salary and dividends from your business and own buy-to-let properties, you may soon fall into this property tax trap ...

Are You Missing Those Valuable Stamp Duty Land Tax Reliefs?

26th June 19

In recent years, Stamp Duty Land Tax (SDLT) has undergone several changes, leading to a lot of confusion ...

An Update On The Domestic Reverse Charge For VAT

19th June 19

The October deadline for the Domestic Reverse Charge for VAT approaches and HMRC has finally issued its guidance ...

P11D: Focus On Staff Entertaining

12th June 19

Accountants are noticing an increasing number of enquiries from HMRC about the amounts spent on entertaining staff ...

Caught By The High-Income Child Benefit Charge?

5th June 19

If you've been affected by the High-Income Child Benefit Charge (HICBC) then you could think there's no point in registering ...

The Annual Allowance And The NHS Pension Scheme

29th May 19

In 2015, the Chancellor, George Osborne, cut the annual allowance for higher earners and no-one realised the consequences for the NHS ...

Can A Director Also Be A Consultant To Their Own Company?

22nd May 19

National Insurance is a significant cost for any company. Therefore, wouldn't it be great if you could save on your NI bill?

Structures And Buildings Allowance Update

15th May 19

The new Structures And Buildings Allowance has come into effect for expenditure incurred on or after 28 October 2018 ...

Capital Gains Tax: Increases For Landlords Are On The Way!

8th May 19

In the 2018 Budget, Philip Hammond announced changes to Capital Gains Tax that will impact the sale of a landlord's home ...

Transferring Property Tax Efficiently Using Trusts

1st May 19

Creating a trust and transferring property into it for your children needs professional tax advice to get right ...

How Should You Own Your Business Premises?

24th April 19

Many businesses own the premises they operate from, but for tax purposes, sometimes it's more efficient for the business not to own it ...

No Deal Brexit: For UK Employees Working In The EU, EEA Or Switzerland

17th April 19

If you're a UK employer with staff working in the EU, EEA or Switzerland, then HMRC has issued new no deal Brexit guidance ...

Maximising The Claim For Business Expenses

10th April 19

If you're reviewing your profit and loss report, ensure you deduct all allowable business expenses from your business ...

Family Investment Companies And Succession Planning

20th March 19

A question that most people ask themselves is how do they pass on their wealth to the next generation ...

Tax-Free Perks! Did You Know There Were Such Things?

13th March 19

Did you know that there are such things as tax-free perks? These are called 'trivial benefits' and are usually overlooked ...

A Valuable Inheritance Tax Relief

6th March 19

There are some valuable Inheritance Tax reliefs available that may be useful if you want to make a gift without waiting ...

Extracting Money From The Family Business

27th February 19

Many people want a family business that will benefit their spouse and children. But how do you extract money from it?

The Importance Of Employer Pension Contributions

22nd February 19

I was talking to a new client on Monday about employer pension contributions and that prompted me to write this blog post ...

Year End Tax Planning For Capital Gains Tax

15th February 19

With the 2018/19 tax year drawing to an end, here are some ideas to ensure you minimise your Capital Gains Tax liability ...

Independent Tax Consultants