Blog

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 ...

The Annual Allowance And The NHS Pension Scheme

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?

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

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!

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

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?

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

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

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

The 2019 ATED Filing Deadline Is Fast Approaching!

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

Family Investment Companies And Succession Planning

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?

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

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

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

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

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

Taxation Of Serviced Accommodation

I stayed in serviced accommodation at the weekend. It was easy to book, nicely furnished and very clean ...

Alphabet Shares And Planning For Family Companies

When paying dividends from a company, sometimes it's better to use Alphabet Shares rather than dividend waivers ...

Uber Driver's Employment Status Confirmed By Court

The Court of Appeal has rejected Uber's appeal. The employment status of three of its drivers has now been confirmed ...

Will Bitcoin Profits Mean A Bumper Year For HMRC?

Many people cashed in their Bitcoin investments last year which means they may now have a CGT liability to pay ...

Tax Planning With A Group Structure

There are risks involved with having substantial assets such as property inside a company. I recommend a group structure ...

Stamp Duty Land Tax On The Granny Annexe

Many people buy properties with a granny annexe to help elderly relatives, but what Stamp Duty Land Tax (SDLT) is due?

Different Ways To Save For Your Future

There are many different ways to save for your future, so here are a few to think about, with various levels of risk ...

Wishing You All A Very Merry Christmas

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

Should I Tell HMRC About The Buy-To-Let Property I Own?

I still come across lots of people who have purchased buy-to-let properties that have not declared their income to HMRC ...

Planning For CGT Main Residence Relief

What happens when you sell a property that isn't your main residence? CGT Main Residence Relief can help here ...

New Structures And Buildings Allowance

The Chancellor has announced a new Structures And Building Allowance for new non-residential structures and buildings ...

The Tax Pitfalls Of The Office Christmas Party

Remember that you have a limit of andpound;150 per person or there will be tax payable on your Christmas party ...

New VAT Rules For Businesses In The Construction Industry

HMRC has issued its policy paper for a VAT reverse charge regime for the construction industry ...

Autumn Budget 2018: Property Tax Changes

The Chancellor announced his Autumn Budget 2018 on Monday and I thought I'd take a look at some of the property tax changes ...

Potential Budget CGT Relief For Sales To Long-Term Tenants

The Sunday Times has reported that the Government may be considering a CGT relief incentive to landlords ...

The Annual Allowance For Pension Contributions

Our thoughts are turning to filing tax returns for last year. I've been asked about the annual allowance for pension contributions ...

Marriage Allowance: A Million Couples Are Missing Out!

If you're a married couple, or in a civil partnership, you could be missing out on the Marriage Allowance, worth up to andpound;238 a year ...

40% Of Small Businesses Are Resistant To Making Tax Digital

It's clear that many business owners are resistant to HMRC's Making Tax Digital scheme ...

HMRC Has Offshore Tax Evaders In Their Sights

Gone are the days when offshoring assets was considered good tax planning. HMRC are squeezing every penny from tax evaders ...