Holiday let property – reminder to check your occupancy stats
The Furnished Holiday Let (FHL) rules allow holiday lettings of properties that meet certain conditions ... read more
Who is entitled to claim statutory maternity pay?
Employees that are pregnant are eligible to take up to 26 weeks of maternity leave (known as ordinary ... read more
The end of credit card payment surcharges?
From 13 January 2018, it will become illegal for any business to charge a fee in addition to the ... read more
Basic monthly tasks if you run your own payroll
One of the most time-consuming admin tasks associated with the running a small business can be dealing ... read more
Can we claim for marketing, entertainment and subscription costs?
The self-employed are often concerned if an expense is allowable or not for tax purposes. In this ... read more
Changes to approved English apprenticeships
The Apprenticeships (Miscellaneous Provisions) Regulations 2017, which only apply in relation to England, ... read more
Beware iTunes gift card scam
HMRC is warning members of the public of a worrying iTunes gift card scam. The fraudsters are cold ... read more
Staircase tax to be reversed
The Government has announced that the business rates anomaly known as the ‘staircase tax’ is to be axed. ... read more
Relief if you let and then sell your home
One of the most often used and valuable of the capital gains tax (CGT) exemptions concerns the sale of ... read more
Fair payment practices for small businesses
In October 2017, Paul Uppal (a former Conservative MP and entrepreneur) was appointed to the ... read more
VAT when business transferred as a going concern
The transfer of a business as a going concern (TOGC) rules concern the possible VAT liability resulting ... read more
Pre-owned assets income tax charge
The pre-owned assets (POA) income tax charge was introduced in the Finance Act 2004 and the first year in ... read more
Tax Diary January/February 2018
1 January 2018 - Due date for Corporation Tax due for the year ended 31 March 2017.
19 January 2018 - ... read more
Benefits of letting furnished holiday property
The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions ... read more
What are VAT special schemes?
There are three main VAT schemes available to small businesses:
The flat rate scheme
The annual ... read more
Longer or shorter company accounting periods
Companies often have to contend with having two different company accounting periods. This is because ... read more
Simplified cash basis for unincorporated landlords
The cash basis scheme helps sole traders and other unincorporated businesses benefit from a simpler way ... read more
Salary sacrifice changes from April 2018
The tax and NIC advantages of certain benefits provided as part of a salary sacrifice arrangement were ... read more
Are you paying tax at 60%?
For high earning taxpayers, their Income Tax personal allowance is gradually reduced by £1 for every £2 ... read more
VAT rules for retailers using online marketplaces
Under new rules that came into force last year, HMRC has the power to force overseas retailers to appoint ... read more
Auto-enrolment earnings trigger again frozen at £10,000 for 2018/19
Following its annual review of the pension automatic enrolment earnings trigger and qualifying earnings ... read more
Changes to the basic disclosure process
From January 2018, the Disclosure and Barring Service (DBS) is making some important changes to the basic ... read more
Tax is changing in Wales next year
From next April, Wales will join Scotland in becoming responsible for some of the taxes paid locally. ... read more
What is reasonable care from a tax point of view?
The tax penalty system is intended to make penalties simpler to understand and more consistent across ... read more