Blog

Newsletter Sign Up

Sign up for our newsletter! Get the latest round-up of financial and economic developments straight to your inbox.!
Newsletter Sign Up | Login

4b1b1e71 2902 42d8 989f b8d3b65dc7bd 300x213 - Blog

Revoking VAT option to tax land and buildings

There are special VAT rules that allow businesses to standard rate the supply of most non-residential and commercial land and ...
Read More
e30ca542 508b 448f afa9 67a2c564ff69 300x200 - Blog

Definition of VAT partial exemption

A business that incurs expenditure on taxable and exempt business activities is partially exempt for VAT purposes. This means that ...
Read More
c25e1948 db7d 4896 b88c a843b9138792 300x225 - Blog

Limits to loss relief claims against income or capital gains

There are a number of tax reliefs available for self-employed taxpayers that make a trading loss. This includes a partners' ...
Read More
431047ca c7fa 4ea4 9df8 eb931b1b42c0 300x200 - Blog

Transferring assets during separation and divorce

When a couple separate or divorce it is unlikely that they are thinking about any tax implications. However, apart from ...
Read More
265cf9bf e44f 4f17 9883 750a7ec85057 300x200 - Blog

SDLT concerns transferring a property to a company

Stamp Duty Land Tax (SDLT) is a tax that is generally payable on the purchase or transfer of land and ...
Read More
ab1b3151 6851 42c7 ae46 f7e84644d5cc 300x200 - Blog

Increase in National Insurance from April 2022

We would like to remind our readers that the increases in National Insurance Contributions (NIC) of 1.25% – first announced ...
Read More
da596022 ffd1 4abb 9267 55400dd9833d 300x200 - Blog

Examples when settlement legislation does not apply

The settlement legislation seeks to ensure that where a settlor has retained an interest in property in a settlement that ...
Read More
8ff1fcc8 c967 4217 b56a 913d0b8e238c 300x200 - Blog

What is plant and machinery?

Capital allowances are the deductions which allow businesses to secure tax relief for certain capital expenditure. HM Treasury has published ...
Read More
61e185ca cdc0 48c1 957b 4d555727c283 300x169 - Blog

Range of supplies affected by VAT reverse charge

The VAT domestic reverse charge accounting mechanism was put in place to help prevent criminal attacks on the UK VAT ...
Read More
eb738741 78dc 4ff3 8457 6568c5980e2e 300x199 - Blog

End of SSP Rebate Scheme

The Coronavirus Statutory Sick Pay Rebate Scheme has allowed small and medium-sized businesses and employers reclaim Statutory Sick Pay (SSP) ...
Read More
ae72225b 1900 44c4 95f8 61e7773e1a0b 300x197 - Blog

Claiming for business use of own car or van

If you are an employee, you may be able to claim tax relief for using your own vehicle, be it ...
Read More
d6b835f4 e5dd 4eef bce5 c8e48ab328d4 300x168 - Blog

Latest on COVID restrictions in England

The government has published its latest guidance on COVID restrictions and specifically on the new phase we have entered of ...
Read More
cb17ce42 155e 4ead bf3e 21e502898ea8 300x203 - Blog

Hobbies and artificial trades

HMRC uses a number of different measures to help determine whether an activity is a trade irrespective of whether the ...
Read More
6fbf1199 96f1 4128 8d23 04a1f5dbc367 300x200 - Blog

Gaps in NIC records

National Insurance credits can help qualifying applicants fill gaps in their National Insurance records. This can assist taxpayers to build ...
Read More
9c4904df 6235 4b69 99c6 3470e1594e78 300x177 - Blog

MTD for VAT – digital records required

The MTD for VAT regime started in April 2019 when businesses with a turnover above the VAT threshold of £85,000 ...
Read More
4fcbedc6 fbda 4365 89bd a8de48177124 300x200 - Blog

Tax relief for job-related expenses

If you receive no compensation from your employer for work related expenses you have paid, you can still claim tax ...
Read More
de57885f 0236 4733 8433 1ddb00b01914 300x200 - Blog

Tax relief if working from home

If you are an employee working from home, you may be able to claim tax relief for some of the ...
Read More
fb0d71c8 6410 4088 b267 45fef97f77ca 300x200 - Blog

Spreading the cost of tax bills

One of the announcements by HMRC at the start of the coronavirus pandemic was the introduction of emergency measures to ...
Read More
6599a80a 4f8d 4458 9baa a0ca2785b959 300x199 - Blog

Tax Diary March/April 2022

1 March 2022 – Due date for Corporation Tax due for the year ended 31 May 2021. 2 March 2022 ...
Read More
8165b503 8e28 4e01 b461 ac42fe65e6af 300x200 - Blog

Paying tax underpayments via tax code

One of the less well-known ways of paying your Self-Assessment tax bill is to do so through your tax code ...
Read More
d9f368b0 b7ad 42dc ade2 d2ba1122278d 300x200 - Blog

Car fuel benefits for employees

The car fuel benefit rules only apply to company cars that attract a car benefit tax charge. This means the ...
Read More
5a48f612 f6ac 45ab ab75 9c284965be2f 300x200 - Blog

Option to tax (VAT) land and buildings

There are special VAT rules that allow businesses to standard rate the supply of most non-residential and commercial land and ...
Read More
2e2270f3 e8aa 4664 b71a 3123d061a854 300x200 - Blog

Beware online rip-offs

Source: Other Tue, 15 Feb 2022 00:00:00 +0100 ...
Read More
a6f09071 7b62 4ad7 b515 68dd100b5da8 300x200 - Blog

Challenging your council tax band

The Valuation Office Agency (VOA) is a government body in England and Wales and an executive agency of HMRC. The ...
Read More