A reminder of the ‘badges of trade’

The 'badges of trade' tests, whilst not conclusive, are used by HMRC to help determine whether an activity is a proper economic / business activity or merely a money-making

A reminder of the ‘badges of trade’ -001-11-30T00:00:00+00:00

New CGT rules for homeowners

Currently, if a property has been occupied at any time as an individual’s main private residence, the last 18 months of ownership are disregarded for CGT purposes. This

New CGT rules for homeowners -001-11-30T00:00:00+00:00

Blind Person’s Allowance

The Blind Person’s Allowance is an extra amount of tax-free allowance made available to those who are eligible. The allowance for the current 2019-20 tax year is

Blind Person’s Allowance -001-11-30T00:00:00+00:00

VAT changes for CIS Sub-contractors

Important changes to the VAT rules for building contractors and sub-contractors are coming into effect from 1 October 2019. In a nut-shell, if you are subject to the Construction

VAT changes for CIS Sub-contractors -001-11-30T00:00:00+00:00

Deregistering for VAT

A compulsory VAT deregistration is usually required if you: Stop making taxable supplies Sell your business Change legal status Disband a VAT group Join a VAT group Join

Deregistering for VAT -001-11-30T00:00:00+00:00

How dividends are taxed

The dividend tax allowance was introduced in April 2016. It replaced the old dividend tax credit with an annual £5,000 dividend allowance with tax payable on dividends

How dividends are taxed -001-11-30T00:00:00+00:00