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
Time to Start Saving for Your Tax Due on Dividends
What are dividends? Dividends are payments made to company shareholders. If you are shareholder you would pay tax:...
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....
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...
Inheritance Tax: Soon to be Simplified
The Office of Tax Simplification (OTS) have undertaken a detailed review of Inheritance Tax (IHT), which is...
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...
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 Change to Rent a Room Scheme for Air BnB Landlords
Last year HMRC carried out a review of rent a room relief that was introduced in 1992 to offer a wider range of low...
Non-Resident Capital Gains Tax (CGT) on Property
Non-UK residents will from 6 April 2019 must pay Capital Gains Tax (CGT) on the disposal of UK real estate. Prior...
Disguised Remuneration Loan Charge April 2019
Disguised remuneration charges will apply to certain loans to directors and employees that are still outstanding...
Termination Payment Changed Delayed until 2020
HMRC have announced that the changes to the national insurance (NIC) treatment of termination payments and sporting...
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...