News

Keyword(s):

07-08-2018
32.5% Corporation Tax on overdrawn directors’ loans

32.5% Corporation Tax on overdrawn directors’ loans

HMRC defines a director's loan as money taken from your company (by you or other close family members) ... read more

07-08-2018
Tax free health benefits

Tax free health benefits

There is no requirement for employers to pay tax and National Insurance on certain health benefits ... read more

07-08-2018
Gifting share in home

Gifting share in home

Most gifts made during a person's life are not subject to tax at the time of the gift. These lifetime ... read more

07-08-2018
What is overpayment relief?

What is overpayment relief?

Overpayment relief was introduced from 1 April 2010 and replaced error or mistake relief for Income Tax, ... read more

07-08-2018
VAT – goods on sale or return

VAT – goods on sale or return

There are special VAT rules that must be followed when you sell goods on a sale or return basis. Goods ... read more

07-08-2018
Fixtures and fitting on transfer of ownership

Fixtures and fitting on transfer of ownership

The tax treatment of the sale of fixtures and fittings included in the sale or purchase of a commercial ... read more

07-08-2018
Childcare voucher scheme issues

Childcare voucher scheme issues

The Tax-Free Childcare Scheme (TFCS) was launched in April 2017 and opened to all remaining eligible ... read more

07-08-2018
Emails and letters from HMRC

Emails and letters from HMRC

HMRC continues to warn taxpayers about email phishing scams. Phishing emails are used by fraudsters to ... read more

01-08-2018
Football agent scores £1.2m own goal

Football agent scores £1.2m own goal

A former football agent, Jerome Anderson, who looked after over 200 players during his career including ... read more

01-08-2018
Correcting errors on your VAT return

Correcting errors on your VAT return

Where an error on a past VAT return is uncovered taxpayers have a duty to correct the error as soon as ... read more

01-08-2018
Selling your UK home if you live abroad

Selling your UK home if you live abroad

There are special reporting requirements and the possibility of a tax bill when you sell your home in the ... read more

01-08-2018
Capital Gains Tax: company takeovers

Capital Gains Tax: company takeovers

When a company takes over another company it may issue its own shares and/or securities in payment or ... read more

01-08-2018
What to do if you disagree with HMRC

What to do if you disagree with HMRC

There are a number of options open to taxpayers who disagree with a tax decision issued by HMRC. As a ... read more

01-08-2018
What are the maximum weekly working hours?

What are the maximum weekly working hours?

There are working time limits that state the legal maximum weekly working hours that a person has to work ... read more

25-07-2018
A round up of some non-taxable payments and benefits

A round up of some non-taxable payments and benefits

Although the government is continually clamping down on non-taxable payment and benefits for employees, ... read more

25-07-2018
Will I pay tax when coming to the UK?

Will I pay tax when coming to the UK?

The statutory resident test (SRT) is used to determine if someone is resident in the UK for tax purposes ... read more

25-07-2018
How to challenge your Council Tax listing

How to challenge your Council Tax listing

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

25-07-2018
New guidance on disguised remuneration scheme

New guidance on disguised remuneration scheme

The government's plan to tackle disguised remuneration tax avoidance schemes was first announced as part ... read more

25-07-2018
VAT – motor dealer deposit contributions

VAT – motor dealer deposit contributions

A new Revenue and Customs Brief 7/18 has been published by HMRC concerning their policy on the VAT ... read more

25-07-2018
Updated list of software suppliers that support MTD for VAT

Updated list of software suppliers that support MTD for VAT

The deadline for businesses with a turnover above the VAT threshold to keep digital records for VAT ... read more

25-07-2018
The Lifetime ISA

The Lifetime ISA

The Lifetime ISA has been designed to help those aged between 18 and 40 to save for a new home or for ... read more

23-07-2018
Tax Diary August/September 2018

Tax Diary August/September 2018

1 August 2018 - Due date for Corporation Tax due for the year ended 31 October 2017. 19 August 2018 - ... read more

18-07-2018
Low emission lorries to pay lower levies

Low emission lorries to pay lower levies

The government has confirmed plans to introduce a lower rate of the HGV road user levy for lorries that ... read more

18-07-2018
New points-based late filing penalties

New points-based late filing penalties

The Finance Bill 2018-19 draft legislation includes a new measure to introduce a points-based penalty ... read more