News

Increase in National Living Wage?

13/11/2019

An independent review into the evidence on minimum wage rates has been published by the government.

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Employing staff for the first time

13/11/2019

There is a multitude of rules and regulations that you must be aware of when you start employing

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Basic business structures

13/11/2019

It is important to be aware of the main basic business structures available if you are considering

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HMRC’s tax app

13/11/2019

A free HMRC tax app is available to taxpayers. The APP can be used to see: your tax code and

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Tax when partnership assets are distributed in kind

13/11/2019

Partnerships are treated as transparent for Capital Gains Tax (CGT). This means that each partner is

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Furnished holiday let qualifying tests

13/11/2019

The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain

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Waivers of remuneration

13/11/2019

A waiver of remuneration happens when a director or an employee gives up their right to salary or

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Last chance to claim enhanced capital allowances

13/11/2019

There is a special scheme known as the enhanced capital allowances (ECA) scheme for energy-saving

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Finance Bill 2019-20 shelved

6/11/2019

The Government’s draft finance bill has been shelved as we countdown to the general election

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What is a negligible value claim?

6/11/2019

A negligible value claim is a claim made by a taxpayer when an asset they own has become of

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Employing someone to work in your home

6/11/2019

When you employ someone to work in your home, it is your responsibility to meet the employee's

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Interest on children’s savings

6/11/2019

All children in the UK have their own personal annual tax allowance. However, anti-avoidance laws

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Transfer of business as a going concern

6/11/2019

The transfer of a business as a going concern (TOGC) rules cover the VAT implications when a

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What is a joint venture?

6/11/2019

A joint venture is a commercial enterprise undertaken by two or more parties who otherwise retain

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The meaning of 'goodwill' for CGT purposes

6/11/2019

The meaning of goodwill for CGT purposes is complex. The term 'goodwill' is rarely mentioned

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Tax Diary November/December 2019

31/10/2019

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

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Coding out debts deadline

29/10/2019

You can have tax underpayments collected via an adjustment to your PAYE tax code, provided you are

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Just under 100 days to go

29/10/2019

HMRC has published a news release to remind you that there is now less than 100 days to file your

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What you must do when charging VAT

29/10/2019

When you issue a VAT invoice to your customer, you must ensure that you charge the correct rate of

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Costs you can claim against your self-employed business

29/10/2019

If you are self-employed it is important to be aware if an expense is allowable for tax deduction

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Using the cash basis for property businesses

29/10/2019

The cash basis scheme helps sole traders and other unincorporated businesses benefit from a simpler

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Pecuniary liability treated as income

29/10/2019

A pecuniary liability can occur when a monetary obligation is fulfilled by an employer, when by law,

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Sale of income for a capital sum

29/10/2019

A capital sum received by an individual in respect of the sale or relinquishment of income - derived

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November Budget cancelled

25/10/2019

Sajid Javid has cancelled the Budget that was due to be presented to Parliament 6th November. As

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