Dividend Payments During The Pandemic

Did you know that paying yourself illegal dividends means you could become personally liable for company liabilities?

Failure To Report SEISS Grants Correctly Causing Delays

According to HMRC, a number of Self-Assessment tax returns for the 2020/21 tax year contain inconsistencies ...

IT Contractor Loses Latest IR35 Case

An IT contractor providing services to a building society was ordered to stump up £74,523 in Income Tax and NI ...

Should You Set Up A Trust Or Family Investment Company?

If you're estate planning right now, you could be considering a Family Investment Company over a Family Trust ...

Reviewing Your PAYE Settlement Agreement For COVID-19

Employers meet the tax on benefits and expenses for an employee using a PAYE Settlement Agreement ...

P11D: Focus On Staff Entertaining

Accountants are noticing an increasing number of enquiries from HMRC about the amounts spent on entertaining staff ...

What CGT Is Payable On The Sale Of A Property Post-Death?

CGT has a tax-free uplift to a property's valuation on the sale of a property post-death. The value for CGT is reset ...

Why Didn't The Annexe Qualify As A Separate Dwelling?

A tribunal considered whether a 6-bed home with annexe should be treated as one for Multiple Dwellings Relief ...

Period Of Grace Elections For Furnished Holiday Lettings

When a property qualifies as a Furnished Holiday Letting (FHL), they become subject to special tax rules ...

Treasury Consultation On New Property Developer Tax

The Property Developer Tax was announced when the Government pledged to fund cladding replacement ...

Remember To File Your Employment Related Securities Return

The submission deadline for your company's Employment Related Securities return is fast approaching ...

COVID Loss Relief Carry Back Extension

A welcome extension of loss relief carry-back for companies, sole traders and partnerships has been announced ...

Investors' Relief: Attracting Investment Into Business

For shares acquired from the 17th of March 2016, Investors' Relief ensures investors pay 10% Capital Gains Tax ...

HMRC Sends Out Self-assessment Verification Letters

Some taxpayers are receiving self-assessment verification letters from HMRC requesting more information ...

How A Cryptocurrency Is Taxed In The United Kingdom

You need nerves of steel to invest in a cryptocurrency. You also need to know how cryptocurrency is taxed in the UK ...

Stamp Duty Land Tax On Uninhabitable Properties

Another day, another taxpayer at a tribunal. This time, due to the purchase of a dilapidated bungalow ...

End Of Year Tax Planning Checklist

As we approach the end of the current tax year, it's worth giving some consideration to end of year tax planning ...

Capital Gains Tax On Divorce

Are you going through a divorce? Be conscious of the Capital Gains Tax consequences of your split ...