Keyword(s):

13-02-2019
Gifts out of disposable income

Gifts out of disposable income

There is an annual Inheritance Tax exemption of £3,000 for gifts. This exemption can also be carried ... read more

13-02-2019
What work is covered by the CIS scheme?

What work is covered by the CIS scheme?

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those ... read more

13-02-2019
When do you pay Capital Gains Tax?

When do you pay Capital Gains Tax?

Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% and this applies to most ... read more

13-02-2019
Class 4 NICs who is liable?

Class 4 NICs who is liable?

There are two types of National Insurance Contributions (NICs) payable by most self-employed people. ... read more

13-02-2019
Reduction in special Writing Down Allowance

Reduction in special Writing Down Allowance

Businesses can claim Capital Allowances tax relief for certain types of capital expenditure. For ... read more

13-02-2019
EIS Income Tax relief restriction for connected parties

EIS Income Tax relief restriction for connected parties

The Enterprise Investment Scheme (EIS) is designed to help smaller higher-risk trading companies raise ... read more

13-02-2019
Tax codes for employees

Tax codes for employees

The P9X form is used to notify employers of the tax code to use for employees. The form shows the tax ... read more

06-02-2019
Alcohol duty freeze confirmed

Alcohol duty freeze confirmed

The Chancellor, Philip Hammond recently paid a visit to an independent brewery in Liverpool and confirmed ... read more

06-02-2019
Will you pay tax on your inheritance?

Will you pay tax on your inheritance?

If you inherit property, money or shares you are usually not liable to pay tax on the inheritance. This ... read more

06-02-2019
Struggling to pay your January tax bill?

Struggling to pay your January tax bill?

Have you missed the 31 January 2019 deadline for paying your tax bill? The 31 January was not just the ... read more

06-02-2019
Spring Statement 2019

Spring Statement 2019

The Chancellor, Philip Hammond, has announced that he will deliver his Spring Statement to the House of ... read more

06-02-2019
MTD pilot for self-employed is available

MTD pilot for self-employed is available

The introduction of Making Tax Digital (MTD) will fundamentally change the way businesses, the ... read more

06-02-2019
Claiming money or property from a dissolved company

Claiming money or property from a dissolved company

Any property, cash and other asset owned by a company when it is dissolved automatically passes to the ... read more

06-02-2019
Checking your NIC records

Checking your NIC records

HMRC offers an online service to check your National Insurance Contributions (NIC) record online. In ... read more

29-01-2019
Maximum AIA calculations for split accounting periods

Maximum AIA calculations for split accounting periods

The recent, and temporary, increase in the AIA to £1m from 1 January 2019 creates computational issues if ... read more

29-01-2019
Who pays Income Tax in Scotland?

Who pays Income Tax in Scotland?

According to HMRC, individuals pay Scottish Income Tax if they live in Scotland. Care should be taken ... read more

29-01-2019
Charities - reducing input VAT

Charities - reducing input VAT

Charities pay VAT on all standard-rated goods and services they buy from VAT-registered businesses. They ... read more

29-01-2019
Brexit – what the UK government has advised business owners to do

Brexit – what the UK government has advised business owners to do

The Brexit uncertainties continue. To help businesses consider their options HMRC has published more ... read more

29-01-2019
Sooner is better than later

Sooner is better than later

Last week we passed the filing deadline (31 January 2019) for the 2017-18 self assessment tax returns. A ... read more

29-01-2019
What is taxable when you sell a commercial vehicle or other equipment?

What is taxable when you sell a commercial vehicle or other equipment?

When you purchase a van or other equipment that qualifies for tax relief, the cost of the asset is ... read more