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20-05-2019
Less is more – MTD regulations relaxed

Less is more – MTD regulations relaxed

Starting from April 2019, most VAT-registered businesses that have a taxable turnover over £85,000 are required to keep their VAT records digitally and use Making Tax Digital ... Read More

20-05-2019
Claim for money owed to you

Claim for money owed to you

If you are owed money by an individual or business, there is a procedure you can use called making a court claim. This was more commonly referred to as taking someone to a ... Read More

20-05-2019
Reasonable excuses for late payment or filing

Reasonable excuses for late payment or filing

There are a number of options open to taxpayers who disagree with a tax decision issued by HMRC. As a first step, it may be possible to make an appeal against a tax decision. There ... Read More

20-05-2019
VAT Margin Scheme on sales of vehicles

VAT Margin Scheme on sales of vehicles

A Margin Scheme is an optional method of accounting which allows certain businesses to calculate VAT based on the 'value' they add to the goods they sell, rather than on ... Read More

20-05-2019
Pre-trading expenses for a rental business

Pre-trading expenses for a rental business

There are special rules for the pre-trading expenses of a rental business. If the expenses were in relation to a letting, then a deduction may be allowed where the following ... Read More

20-05-2019
Companies eligible for Group Relief

Companies eligible for Group Relief

Corporation Tax relief may be available when a company or organisation makes a trading loss. Companies that are eligible for Group Relief can transfer losses and certain other ... Read More

20-05-2019
Seed Enterprise Investment Scheme

Seed Enterprise Investment Scheme

The SEIS provides for extensive Income Tax and Capital Gains Tax (CGT) breaks for investors and this greatly encourages much needed seed capital in new businesses. The SEIS is most ... Read More

19-05-2019
The Pensions Regulator targets law-breaking employers

The Pensions Regulator targets law-breaking employers

Employers who flout their automatic enrolment pension duties are being targeted with short-notice inspections by The Pensions Regulator (TPR). TPR is using data to pinpoint ... Read More

14-05-2019
Want to pay-off your student loan in full?

Want to pay-off your student loan in full?

Student Loans are part of the government’s financial support package for students in higher education in the UK. They are available to help students meet their expenses while ... Read More

14-05-2019
Tax on a private pension you inherit

Tax on a private pension you inherit

Private pensions can be an efficient way to pass on wealth, but it is important to consider what, if any, tax will be payable on a private pension you inherit. The person who died ... Read More

14-05-2019
CGT and chattels

CGT and chattels

A charge to Capital Gains Tax (CGT) usually arises after an asset is sold. However, there are special rules concerning the sale of certain personal assets that are worth ... Read More

14-05-2019
Entrepreneurs’ relief minimum period increased from April 2019

Entrepreneurs’ relief minimum period increased from April 2019

Entrepreneurs' relief applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership. Where this relief is available ... Read More

14-05-2019
The scope of CGT incorporation relief

The scope of CGT incorporation relief

Where a taxpayer owns a business as a sole trader or in partnership, a Capital Gain will be deemed to arise if the business is converted into a company by reference to the market ... Read More

14-05-2019
Employee Car Ownership Scheme (ECOS)

Employee Car Ownership Scheme (ECOS)

An Employee Car Ownership Scheme (ECOS) is a set of arrangements whereby employees acquire cars from a specified, often single source and within a specified financing framework. ... Read More

14-05-2019
HMRC phishing emails warning

HMRC phishing emails warning

HMRC continues to warn of the ever-present problem of fraudulent phishing emails. The emails typically look to obtain taxpayers personal and or financial information such as ... Read More