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Potential tax demand scam

Potential tax demand scam

30-06-2022

The Office of Tax Simplification (OTS) is a well-known organisation that provides independent advice to the government on simplifying the UK tax system. The OTS has issued a...

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Concerns about tax repayment agents

Concerns about tax repayment agents

30-06-2022

HMRC has launched a new consultation seeking views on proposed measures to address consumer protection issues for people who claim tax refunds through repayment agents. The 12-week...

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Claiming Child Trust Fund cash

Claiming Child Trust Fund cash

30-06-2022

HMRC has published their latest statistics on Child Trust Funds which reveal that whilst 320,000 accounts have now matured, 175,000 funds that have matured remain unclaimed. If...

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Corporation Tax - marginal relief from 1 April 2023

Corporation Tax - marginal relief from 1 April 2023

30-06-2022

The Corporation Tax main rate will increase to 25% from 1 April 2023 for companies with profits over £250,000. A Small Profits Rate (SPR) of 19% will also be introduced from the...

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Taxpayers who return to the UK

Taxpayers who return to the UK

30-06-2022

There are tax implications that you will need to consider if you previously left the UK to live abroad and are now either returning to live and work in the UK or are considering...

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CGT during divorce or separation

CGT during divorce or separation

30-06-2022

If you are part of a couple that is about to separate or divorce, apart from the emotional stress, there are also tax issues that can have significant implications. Whilst this is...

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New deal for private renters

New deal for private renters

23-06-2022

The government has announced their intention to fundamentally reform the private rented sector marking the biggest shake up of the private rented sector in 30 years. These measures...

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Reform of Consumer Credit Act

Reform of Consumer Credit Act

23-06-2022

The government has announced new plans to modernise consumer credit laws to cut costs for businesses and simplify rules for consumers. This will see major reforms to the Consumer...

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Class 1A payment deadline

Class 1A payment deadline

23-06-2022

Class 1A NICs are paid by employers in respect of most benefits in kind provided to employees such as a company car. There is no employee contribution payable. If you provided...

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Check employment status for tax

Check employment status for tax

23-06-2022

The Check Employment Status for Tax (CEST) tool can be used to help ascertain if a worker should be classified as employed or self-employed for tax purposes in both the private and...

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Submitting CIS nil monthly returns

Submitting CIS nil monthly returns

23-06-2022

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in the construction industry. Businesses in the construction...

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Notifying cessation of self-employment

Notifying cessation of self-employment

23-06-2022

Any taxpayers that have ceased to be self-employed must notify HMRC of their change in status. There are a number of steps that must be followed if a taxpayer ceases trading as a...

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Tax Diary July/August 2022

Tax Diary July/August 2022

20-06-2022

1 July 2022 - Due date for corporation tax due for the year ended 30 September 2021. 6 July 2022 - Complete and submit forms P11D return of benefits and expenses and P11D(b)...

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What is tax avoidance?

What is tax avoidance?

16-06-2022

There is a distinction to be drawn between tax avoidance and tax evasion. Tax evasion is illegal and describes a situation where someone acts to deliberately evade tax. This could...

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Right to Buy home scheme extended

Right to Buy home scheme extended

16-06-2022

The Right to Buy scheme has been available in various guises since it was first launched in the 1980s and following a relaunch in 2012. In essence the scheme gives qualifying...

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