Latest News 2018-11-28T15:19:12+00:00

Latest News

VAT reverse charge construction industry

A change to the VAT rules first announced at Budget 2018, will come into effect from 1 October 2019. This ...
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Cashback schemes and tax

Statement of Practice 4/97 sets out HMRC’s views on the correct treatment for tax purposes of commission, cashbacks and discounts ...
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Employer owned property and sub-letting

In some industries, employers provide accommodation to employees because this is required by the nature of the job. There are ...
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Free information about companies

A surprising amount of free information about companies is available from Companies House. This is in line with the government’s ...
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Genuine HMRC messages

HMRC has issued an updated version of their online guidance on Genuine HMRC contact and recognising phishing emails and texts ...
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Free television licences scrapped for over-75s

The TV licence fee has not been payable by those aged 75 or over since 2001. During 2015, the government ...
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HMRC blocks phone fraudsters

Fraudsters have been blocked from using HMRC’s most used helpline numbers after the introduction of new defensive controls. These fraudsters ...
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HMRC cancels penalties charged to 6,000 families

The High Income Child Benefit Charge (HICBC) was introduced in January 2013 and applies a charge to taxpayers whose income ...
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On your e-bike

The Cycling Minister, Michael Ellis, has announced a number of changes to the Cycle to Work scheme in an announcement ...
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New advisory fuel rates published

Advisory fuel rates are intended to reflect actual average fuel costs and are updated quarterly. The rates can be used ...
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Non-resident company liability to Corporation Tax

Under the current rules non-resident companies with a trading business in the UK are liable to pay UK Corporation Tax ...
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IHT and foreign property

If a permanent home (domicile) is in the UK then any foreign situated property owned at date of death will ...
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What records must a VAT trader keep?

There are distinct rules that VAT registered businesses must follow when keeping VAT records. This includes keeping proper business and ...
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New crackdown on funeral plans

The government has announced new plans to crackdown on high pressure and bullying tactics to sell pre paid funeral plans ...
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Working tax credits you could claim

The Working Tax Credit (WTC) is designed to help taxpayers on low incomes by providing top-up payments and includes those ...
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Working from home allowance

If you are self-employed and running a business from your home, there are simplified arrangements available for claiming a fixed ...
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Working past retirement age

There are many taxpayers who have reached the State Pension age and continue to work. In most cases they no ...
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Tax and lease premiums

Where a freeholder (or landlord) of a property grants a new lease to a new tenant there are sometimes upfront ...
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What is overlap relief?

The assessment of self-employed or partnerships profits is usually relatively straight-forward if the accounting date - the date to which ...
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Reminder of “bed and breakfasting” rules

Historically, the term bed and breakfasting (sale and repurchase) of shares referred to transactions whereby someone sold shares one day ...
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Company Unique Taxpayer References

The Company Unique Taxpayer References (UTR) is the primary identifier for the company and should be used whenever HMRC is ...
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Not sure if you need to submit a tax return?

There are a number of reasons why you may need to register with HMRC to submit a tax return. This ...
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Have you adopted the new minimum wage rates?

The new National Minimum Wage (NMW) and National Living Wage (NLW) rates came into effect on 1 April 2019. The ...
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Deadline to reduce taxable benefits

Employees can often reimburse their employers for benefits provided in order to lessen their taxable benefits and thereby reduce or ...
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