VAT Reverse Charge: Delayed
The reverse charge was due to come into effect on 1 October but the government have decided to delay the start of...
tax relief
Tax Benefits of Electric Cars
The government has announced that there will be a zero P11d benefit for the drivers of electric cars from 2020/21....
Does the Child Benefit Charge Affect You?
The child benefit charge was introduced in 2013 and affect over 1 million families. If you or your partner earn an...
Proposed Changes to CGT Private Residence Relief
The government is currently consulting on important changes to private residence relief that are likely to be...
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...
Save Tax – Plan for Your Pension
For most taxpayers, the maximum pension contribution is £40,000 each tax year, although this depends on earnings....
Feel Good and Save Tax with Gift Aid
Gift aid is an income tax relief scheme, whereby tax paying individuals can offset charitable donations against...
Save Tax in 2018/19
The tax rate is due to change, it was announced by the chancellor in the Autumn Statement. The lower personal tax...
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...
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....
Are You Affected by Tapered Pension Tax Relief?
For most taxpayers the annual tax-free pensions allowance is £40,000. In 2016 the tapered allowance regulation was...
Pay More into Your Pension by Utilising the Brought Forward Relief
What is the brought forwards relief? HMRC have updated their guidance for carrying forward your unused pension...
HMRC Deadline Set for Disguised Remuneration Schemes
HMRC have published revised guidance on settling tax liabilities in relation to the use of disguised remuneration...
Tax Diary of Main Events – Quarter Three 2018
Here is a round of up of key tax dates to put in your calendar for quarter three. If you require any assistance to...
Renting out a Room? Don’t Forget to Claim ‘Rent a Room’ Relief
HMRC are carrying out a review of rent a room relief to discover whether the scheme, introduced back in 1992...
5 Advantages of Furnished Holiday Lettings
Many of the recent changes in the taxation of buy to let rental businesses do not apply to property businesses that...
New Years Resolution to Save Tax – Tax Relief for Energy Saving Technology
For a number of years there has been a generous 100% tax break for businesses that install energy saving technology...