News

Current passport fees

11/05/2021

Travel options for going abroad are slowly starting to reopen. From 17 May 2021, international

Read more

Jobseeker’s Allowance

11/05/2021

The Jobseeker’s Allowance (JSA) is a benefit for those usually aged over 18 who are either not

Read more

Taking money out of a limited company

11/05/2021

There are a number of ways a director can extract money from their limited company. The money can

Read more

IHT immediately chargeable transfers

11/05/2021

There are special rules concerning the liability to IHT on a transfer made during a person's

Read more

Charging VAT on discounts and free gifts

11/05/2021

When VAT registered traders issue an invoice to a customer, they must seek to ensure that the

Read more

Importing goods into the UK

11/05/2021

There are special procedures for importing goods into the UK. Following the end of the Brexit

Read more

Holiday update

10/05/2021

As lockdown is being eased and opportunity to holiday opens, we felt it might be useful to set out

Read more

Taxing your car

10/05/2021

The instructions to tax your car on the GOV.UK website is reproduced below: To tax your car,

Read more

Reminder to look out for tax credit renewal packs

4/05/2021

HMRC has begun sending the annual tax credit renewal packs to some 2.5 million tax credit claimants

Read more

Mobile phone exempt costs

4/05/2021

When an employee incurs costs for the provision of mobile phones to employees it is important to

Read more

COVID support grants that are taxable

4/05/2021

We would like to remind readers that existing legislation is in place to ensure that COVID support

Read more

CIS – types of work and businesses affected

4/05/2021

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for

Read more

Impact of residence and domicile

4/05/2021

HMRC’s online guidance note for residence, domicile and the remittance basis: RDR1 is intended for

Read more

Cryptoassets for individuals - taxes that apply

4/05/2021

In most cases, individuals hold cryptoassets (such as Bitcoin) as a personal investment, usually for

Read more

Debt respite scheme launched

4/05/2021

A new scheme, aptly named Breathing Space, was launched 4 May 2021. Breathing Space will give those

Read more

Tax Diary May/June 2021

21/04/2021

1 May 2021 - Due date for Corporation Tax due for the year ended 30 July 2020. 19 May 2021 - PAYE

Read more

End to COVID-19 adjusted right to work checks

19/04/2021

The government has confirmed, in its updated guidance on carrying out right to work checks during

Read more

New self-build initiative

27/04/2021

In a surprise weekend announcement, the Housing Secretary Robert Jenrick has revealed new plans for

Read more

Tax on savings interest

27/04/2021

If you have taxable income of less than £17,570 in 2021-22 you will have no tax to pay on interest

Read more

Tax-free capital gains

27/04/2021

As with Income Tax personal allowances, taxpayers have an annual exempt amount for Capital Gains Tax

Read more

VAT – transfer as a going concern

27/04/2021

The transfer of a business as a going concern (TOGC) rules concern the VAT liability of the sale of

Read more

Restarting a dormant or non-trading company

27/04/2021

HMRC must be informed when a non-trading or dormant company starts trading again and becomes active

Read more

Changing the terms of a salary sacrifice arrangement

27/04/2021

A salary sacrifice arrangement is effectively an agreement to reduce an employee’s entitlement to

Read more

The Mortgage Guarantee Scheme

20/04/2021

One of the measures announced at the Budget was the introduction of a new Mortgage Guarantee Scheme

Read more