Lobbying Pays Off with Potential Changes to Pension Tax
Earlier this year high earners were lobbying for pension tax changes, namely hospital doctors and GPs – read...
HMRC
VAT Reverse Charge: Does it affect you?
The Government is introducing a VAT reverse charge on certain building and construction services. The legislation...
High Earners Lobbying for Pension Tax Changes
Hospital doctors, GPs and other high earners are lobbying the government to amend the pension tax rules. The...
Tax Efficiently Extract Profits
The current £3,000 employment allowance continues to be set against the employer’s national insurance contribution...
Proposed Changes to CGT Private Residence Relief
The government is currently consulting on important changes to private residence relief that are likely to be...
Regulation Changes No Deal Brexit
There is still a great deal of uncertainty regarding Brexit. If you are a business that trades within the EU you...
Corporation Tax Relief Reintroduced for Acquired Goodwill
A further late change to the Finance Bill will re-introduce relief for acquired goodwill on the acquisition of...
No Deal Brexit and its Impact on VAT
The government and HMRC have recently updated their ‘partnership packs’. The packs were created with the intention...
Capital Allowance on High Co2 Cars and Assets in Special Rate Pool Reduces
One of the other capital allowance changes announced in the Autumn Budget was the reduction of the writing down...
Tax Efficiently Pass on your Family Home
New inheritance tax rules for passing on the family home started on 6 April 2017. This additional relief should be...
Are You Ready for the Self-Assessment Deadline?
A self-assessment is a tax form that provides HMRC details of an individual’s income and expenditure to calculate...
New Capital allowance for Commercial Buildings
The Autumn 2018 Budget announced a new 2% straight line tax deduction for the cost of construction or renovation of...
Utilise the Inheritance Tax (IHT) Annual Gift Allowance
You have an annual £3,500 ‘gift allowance’ that is free of Inheritance Tax (IHT). Meaning cash gifts of up to...
Tis the Season of Giving
As the festive season approaches, it is worth knowing what you must report to HMRC and ways you can save tax. You...
What Impact Will Making Tax Digital (MTD) Have on Small Businesses?
To learn more about the Making Tax Digital (MTD) initiative and who must comply – click here. What impact...
What Is Making Tax Digital (MTD)? And Who Must Comply?
What is Making Tax Digital (MTD)? Making tax digital is a government initiative to digitalise financial record...
2018 Autumn Budget – The Last Before Brexit
In the last budget before Brexit the chancellor Philip Hammond scales to pave the way for a brighter future, whilst...
Should You Register for VAT?
Many companies question whether they should register for VAT or not. In this blog, I discuss what VAT is as the...
The End of Childcare Voucher Schemes
Earlier in the year, HMRC announced that no new childcare voucher scheme could be set up after the 5 October 2018....
Class 2 NICs to Continue for Self-Employed
In 2016 the government consulted on a proposed abolition of Class 2 National Insurance contributions (NICs) for the...