Blog

Extension To Time Limit To Notify HMRC Of An Option To Tax

We live in interesting times right now, so it's nice that HMRC has given us a break with the option to tax time limit ...

HMRC Loses Another Employment Status Case

HMRC appeals a lot of employment status cases, but one came to light recently where HMRC lost its appeal ...

Working From Home: What Tax Reliefs Are Available?

Working from home is something many of us have been subject to during the UK-wide Coronavirus lockdown ...

Update On The Trust Registration Service (TRS)

I've already written about the upcoming changes to the Trust Registration Service, but here's an update ...

Update On Capital Gains Tax And Property

I thought I would summarise the changes announced to Capital Gains Tax Relief for your Principal Private Residence ...

Update On The Self-Employed Income Support Scheme

The Government recently published further guidance on the new Self-Employed Income Support Scheme ...

Coronavirus Job Retention Scheme Portal Opens On 20 April!

HMRC has announced plans to open the new online Coronavirus Job Retention Scheme (CJRS) service on the 20th April ...

Support For Operators Of FHLs And Serviced Accommodation

There have been a number of measures announced by the Government to support businesses across the country ...

The Coronavirus Job Retention Scheme Explained

HMRC released much more detailed guidance on the Coronavirus Job Retention Scheme (CJRS) last week ...

HMRC Time To Pay Arrangements To Help Taxpayers

Time To Pay (TTP) arrangements extend payment deadlines for taxpayers in financial distress due to Coronavirus ...

Stamp Duty Land Tax: Surcharge For Non Resident Purchasers

The Chancellor has confirmed a Stamp Duty Land Tax (SDLT) surcharge coming into effect on the 1st April 2021 ...

Entrepreneurs' Relief: Do You Charge Your Company Rent?

It's common for directors to own their business premises. This is because it's sometimes cheaper to buy than to rent ...

End Of Year Tax Planning Checklist

As we approach the end of the current tax year, it's worth giving some consideration to end of year tax planning ...

Jointly Owned Property And The Use Of HMRC Form 17

Surely, if a rental property is owned as tenants in common and the split is 70:30, this is what we can declare on our tax return, right?

The 2020 Annual Tax on Enveloped Dwellings Filing Deadline

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?

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

An Accountant Or A Tax Advisor

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

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

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

Company Car Tax Changes In 2020

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

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?

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

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?

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

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

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?

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

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

Brexit: What Are The Potential Tax Consequences?

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

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

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?

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

Builders: A Useful VAT Concession In A Recession

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

Ownership Of A Company's Business Premises

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

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!

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

Claiming Loan Interest Relief

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

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

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

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!

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

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

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

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?

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

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?

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

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

P11D: Focus On Staff Entertaining

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?

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