Blog

The Statutory Residence Test And COVID-19 Restrictions

13th January 21

Because of travel restrictions, lockdowns and quarantines, an individual may stay in the UK longer than they planned ...

Taxation Of Serviced Accommodation

6th January 21

Buy-to-let landlords are looking to convert their traditional buy-to-let properties into serviced accommodation ...

An Accountant Or A Tax Advisor

30th December 20

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

Wishing You All A Very Merry Christmas

23rd December 20

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

Capital Gains Tax: Proposed Changes Could Affect Share Sales

16th December 20

The OTS has released a report highlighting areas of disparity between Income Tax and Capital Gains Tax ...

HMRC Proposed Changes To Tackle CIS Abuse

9th December 20

A policy paper has been published by HMRC, covering a range of updates to the Construction Industry Scheme (CIS) ...

How To Have A Christmas Party In 2020

2nd December 20

Thanks to the Coronavirus pandemic, the office Christmas party is mostly not happening this year ...

Inheritance Tax: Gifts Out Of Income A Very Valuable Relief

25th November 20

Out of all the tax reliefs and exemptions, probably the most generous of them all is this Inheritance Tax exemption ...

HMRC's Let Property Campaign

18th November 20

Did you know about the Let Property Campaign? It is a lifeline for landlords who may not have realised that tax is due ...

The Coronavirus Pandemic And Unplanned UK Workdays

11th November 20

The pandemic meant non-UK residents stranded in the country had to undertake unplanned UK workdays ...

Car Or Van? Court Finds In Favour Of HMRC

4th November 20

When working out a benefit in kind, it can sometimes be difficult to decide if the vehicle you are looking at is a car or van ...

Transferring Business Assets On Divorce

28th October 20

HMRC recently issued new guidance on their views on reliefs available when transferring business assets on divorce ...

Should You Register As Self-Employed Or A Limited Company?

21st October 20

I'm often asked whether being self-employed or a limited company is the best way to start out in business ...

Airbnb Exchanges Information With HMRC

14th October 20

It was recently announced that Airbnb has started to share information with HMRC about rental incomes ...

Mitigating Property VAT Costs For Landlords

7th October 20

Lockdown saw a major decline in the use of commercial premises, with everyone working from home ...

Important Update To The Trust Registration Service

30th September 20

The Trust Registration Service may be a one-off event, but you need to keep your registration up to date ...

Have You Overpaid Stamp Duty Land Tax?

23rd September 20

Most property transactions incur Stamp Duty Land Tax, but often you may not pay the correct amount of tax ...

Resurfacing A Haulage Yard: Repair Or Capital Improvement?

16th September 20

Work was carried out on a haulage yard to improve the surface after it became a Health and Safety hazard ...

Proposed Tax Rises To Pay For Impact Of Coronavirus

9th September 20

The national debt is tipping over £2 trillion for the first time and it is becoming obvious there will be some tax rises ...

HMRC: Proposed Financial Institution Notice

2nd September 20

Recently, the Government published the Finance Bill 2020/21 and introduced the Financial Institution Notice (FIN) ...

HMRC Are On The Look Out For Furlough Fraud

26th August 20

Many small businesses are worried about the possible penalties from accidental furlough fraud. So how can you avoid it?

Methods HMRC Uses To Find Out About Rental Properties

19th August 20

One of the commonest questions I get asked about rental properties is how HMRC will discover a landlord's income ...

MTD Extended To Self-Employed And Landlords From 2023

12th August 20

Making Tax Digital has been slowly becoming mainstream with HMRC pushing it into new areas as time goes by ...

Capital Gains Tax Consultation Underway

5th August 20

In July, Chancellor Rishi Sunak announced that he was focussed on support measures instead of revenue raising ...

2% SDLT Surcharge For Non-UK Resident

29th July 20

SDLT for any non-UK residents is paid at the same rate as is paid by UK residents. This will soon change ...

Holiday Lets, Serviced Accommodation And The 5% VAT Rate

22nd July 20

Chancellor Rishi Sunak's Summer Statement on the 8th July 2020 announced a VAT reduction in the hospitality sector ...

Chancellor's SDLT Boost For UK Property Investors

15th July 20

The UK housing market has virtually shut down during the Coronavirus lockdown and this has effected the rest of the economy in terms of the levels of consumer confidence ...

Payment On Account: Deferring the 31st July Tax Payment

8th July 20

UK taxpayers with a liability of more than £1,000 for the year are often required to make a payment on account ...

Have You Forgotten Your Capital Gains Tax Return?

1st July 20

So many people have forgotten about the 30-day filing and payment deadline for Capital Gains Tax during the lockdown ...

SDLT: Stamp Duty Land Tax Surcharge On Derelict Properties

24th June 20

If you've bought a derelict property since March 2016, you may be due a rebate if you paid Stamp Duty Land Tax ...

Remember To File Your Employment Related Securities Return

17th June 20

The 2019/20 tax year is over and there are filings that need to be made, including the Employment Related Securities return ...

Second Self-Employed Income Support Scheme Announced

10th June 20

I was heartened to hear that many will receive another payment from the Self-Employed Income Support Scheme ...

HMRC Wins In-Specie Pension Contributions Appeal

3rd June 20

In a recent Upper-Tier Tribunal decision, HMRC was permitted to deny tax relief on some in-specie pension contributions ...

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

27th May 20

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

20th May 20

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?

13th May 20

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)

6th May 20

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

29th April 20

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

22nd April 20

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

Coronavirus Job Retention Scheme Portal Opens On 20 April!

15th April 20

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

8th April 20

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

The Coronavirus Job Retention Scheme Explained

1st April 20

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

HMRC Time To Pay Arrangements To Help Taxpayers

25th March 20

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

18th March 20

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?

11th March 20

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

4th March 20

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

26th February 20

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

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 ...

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 ...

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