News

Statutory maternity, adoption, paternity, shared parental and sick pay to rise from April 2020

16/01/2020

According to proposals set out in a government policy paper, the revised rates for statutory

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Tax allowances you can claim for business cars

15/01/2020

Capital Allowances allow your business to secure tax relief for certain capital expenditure.

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On your bike – tax free cycling

15/01/2020

There are special rules involving bicycles for work use, usually referred to as 'Cycle to

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Public transport costs and tax

15/01/2020

There are certain tax rules that it is important to consider if you pay for the public transport

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Money laundering and terrorist financing

15/01/2020

The money laundering rules are designed to protect the UK financial system and put in place certain

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What qualifies for First Year Allowances?

15/01/2020

Businesses can claim a 100% first-year allowance (FYA) on the purchase of certain qualifying Plant

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VAT - what is a limited cost trader?

15/01/2020

The VAT Flat Rate Scheme (FRS) has been designed to simplify the way a business accounts for VAT and

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Close down a company by striking it off the register

15/01/2020

There are a limited range of circumstances when a company can request to be removed from the

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Did you file your tax return on Christmas Day?

8/01/2020

A new press release by HMRC has highlighted the fact that 3,003 taxpayers took the time to file

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Last reminder for parents with income in excess of £50,000

8/01/2020

Parents could be liable for the High Income Child Benefit tax charge if either partner's income

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Don’t forget to pay tax on or before 31 January 2020

8/01/2020

The 31 January 2020 is not just the final date for submission of your Self-Assessment tax return for

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Carry forward unused pension tax allowance

8/01/2020

The annual allowance for tax relief on pensions is currently set at £40,000. The annual

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Budget date announced

8/01/2020

The Chancellor of the Exchequer, Sajid Javid has announced that he is planning to hold his first

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Big changes following loan charge review

8/01/2020

The Government has revealed that a number of important changes will be made to the loan charge

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New funding for farmers announced

8/01/2020

Over the Christmas and New Year break, the Chancellor announced that nearly £3 billion of

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Getting clients ready for Brexit

8/01/2020

HMRC has published a useful list to help businesses be prepared to import goods from the EU to the

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CGT – Gift Hold-Over Relief

8/01/2020

Gift Hold-Over Relief is a relief that defers Capital Gains Tax (CGT) when assets are given away

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Annual increases to the National Minimum Wage

2/01/2020

The government has accepted the recommendations of the Low Pay Commission in full and has announced

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Tax Diary January/February 2020

2/01/2020

1 January 2020 - Due date for Corporation Tax due for the year ended 31 March 2019. 19 January 2020

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Penalties for late filing of Self-Assessment tax returns

28/12/2019

The 31 January is not just the final date for submission of your Self-Assessment tax return but also

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Take advantage of the Annual Investment Allowance

28/12/2019

The Annual Investment Allowance (AIA) allows business owners to claim the total amount of qualifying

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Top up your pension pots

28/12/2019

You can claim tax relief for your private pension contributions. The current annual allowance for

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Exemptions from CGT

28/12/2019

Capital Gains Tax (CGT) is a tax on the profit made on the disposal of an asset that has increased

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What is reasonable care

28/12/2019

The inaccuracy penalty system is intended to make penalties simpler to understand and more

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