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Overview Of The Health And Social Care Levy

The controversial Health & Social Care Levy was passed by MPs last week. Many politicians are calling it the Care Tax ...

 

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Inheritance Tax Residence Nil-Rate Band

Many people are not aware of the Residence Nil-Rate Band for Inheritance Tax. This is a very valuable relief ...

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Methods HMRC Uses To Find Out About Rental Properties

One of the commonest questions I get asked about rental properties is how HMRC will discover a landlord's income ...

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Capital Gains Tax: What Is Classed As Residential Property?

Changes to taxes over the years mean the tax treatment of residential property and commercial property is different ...

   
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An Accountant Or A Tax Advisor

Accountants are the mainstay of the business world, but not everyone has a tax advisor. I think they're missing out ...

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Private Residence Relief And Eligible Periods Of Absence

Many homeowners pay Capital Gains Tax on the sale of their property, but you can claim Private Residence Relief ...

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HMRC Tax Penalties Are About To Change

HMRC is changing the way it calculates tax penalties to make things fairer and more consistent ...

   
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Basis Periods To Be Abolished Due To Making Tax Digital

If your business is unincorporated, you may see a bumper tax bill in 2022/23 as your accounts are adjusted ...

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HMRC Enquiries: What To Do When They Get In Touch!

I don't think anyone looks forward to a conversation with HMRC as their enquiries are both inconvenient and stressful ...

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Dividend Payments During The Pandemic

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

 
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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 ...

 

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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 ...

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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 ...

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Reviewing Your PAYE Settlement Agreement For COVID-19

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

   
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P11D: Focus On Staff Entertaining

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

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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 ...

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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 ...

   
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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 ...

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The Non-Resident Test For Employees Stranded In The UK

Trade bodies have consulted with the Treasury on difficulties faced by those stranded in the UK during the pandemic ...

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Treasury Consultation On New Property Developer Tax

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

 
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Remember To File Your Employment Related Securities Return

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