Want to pay-off your student loan in full?
Student Loans are part of the government’s financial support package for students in higher ... read more
Tax on a private pension you inherit
Private pensions can be an efficient way to pass on wealth, but it is important to consider what, if any, ... read more
CGT and chattels
A charge to Capital Gains Tax (CGT) usually arises after an asset is sold. However, there are special ... read more
Entrepreneurs’ relief minimum period increased from April 2019
Entrepreneurs' relief applies to the sale of a business, shares in a trading company or an ... read more
The scope of CGT incorporation relief
Where a taxpayer owns a business as a sole trader or in partnership, a Capital Gain will be deemed to ... read more
Employee Car Ownership Scheme (ECOS)
An Employee Car Ownership Scheme (ECOS) is a set of arrangements whereby employees acquire cars from a ... read more
HMRC phishing emails warning
HMRC continues to warn of the ever-present problem of fraudulent phishing emails. The emails typically ... read more
Using the Help to Save scheme
The Help to Save scheme for people on low incomes was launched in September 2018. The scheme allows those ... read more
Be Data Aware campaign
The Information Commissioner's Office (ICO) has launched a new "Be Data Aware" campaign to ... read more
Landlords, time to consider your options?
Two changes to the way Private Residence Relief works are due to come into effect from April 2020. These ... read more
Submitting P11Ds is just the start of your obligations
We would like to remind employers that the deadline for submitting the 2018-19 forms P11D, P11D(b) and ... read more
Last call, are you ready for revised digital filing of your VAT returns?
Most VAT registered businesses with a turnover above the VAT threshold need to be ready to keep digital ... read more
Chargeable benefits from cheap loans
An employee can obtain a benefit when provided with an employment-related cheap or interest-free loan. ... read more
How to treat post-cessation items if property business ceases
There are special rules for the taxation of post-cessation receipts after a trade has ceased. The ... read more
What is a Close Company?
A Close Company is broadly defined as a company that is controlled by:
five or fewer participators ... read more
Child benefit payments
The weekly rates of child benefit for the only or eldest child in a family is currently £20.70 and ... read more
NICs and termination payments
The National Insurance Contributions (NICs) Bill was introduced into Parliament on 25 April 2019. The ... read more
What is business relief for Inheritance Tax purposes?
Inheritance Tax (IHT) is levied on a person’s estate when they die and can also be payable during a ... read more
Will your gift aid donations create a tax bill?
The Gift Aid scheme is available to all UK taxpayers. The charity or Community Amateur Sports Clubs ... read more
Beware Limited Cost Test if you use the VAT Flat Rate Scheme
The VAT Flat Rate Scheme (FRS) has been designed to simplify the way a business accounts for VAT and in ... read more
Renewing your tax credit claim
Families and individuals that receive tax credits should ensure that they renew their tax credit claims ... read more
Dealing with builders retentions
It is common practise in the building industry for a final percentage of an amount due to a builder to be ... read more
Treatment of capital expenditure if using the cash basis
The cash basis scheme helps many sole traders and other unincorporated businesses to manage their ... read more
Search launched for new Bank of England governor
The current Governor of the Bank of England, Mark Carney, will step down from his role on 31 January ... read more