Blog

Let Property Disclosure Campaign

The Let Property Campaign provides landlords who have undeclared income from residential property
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Welsh Income Tax takes effect

The start of the 2019-20 tax year marked a fundamental change to the way Income Tax is calculated
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Job related expenses you can claim against your tax

If you are an employee and use your own money to buy things that you need for your job, you may be
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Estate Agents targeted

HMRC has launched an unannounced crackdown on money laundering regulation non-compliance by estate
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Tenth anniversary of first Debt Relief Order

Debt Relief Orders (DROs) were first introduced in April 2019. The DROs assist people who have
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New guidance on the impact of Brexit on workplaces

Acas has published new general guidance to assist employers and employees in understanding the
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Right to work checks for EU nationals after Brexit

The government has published new guidance which confirms that, once the UK leaves the EU and
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Capital expenditure for property businesses

There are different rules which apply to different types of capital expenditure for a property
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Child Benefit Tax Charge

The High Income Child Benefit charge applies to taxpayers whose income exceeds £50,000 in a tax
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Latest advice from government if we leave the EU

Although the EU have now extended the deadline to agree the withdrawal agreement - to 31 October
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Dormant assets scheme expanded

Under the current scheme, banks and building societies transfer the money held in dormant accounts
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VAT Fuel Scale Charges

The new VAT road fuel scale charges have been published. The changes amend the VAT scale charges
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The meaning of trade for tax purposes

Interestingly, there is no statutory definition of ‘trade’. The only statutory reference to the
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Corporation Tax loss relief for losses carried forward

Corporation Tax relief may be available where your company or organisation makes a trading loss.
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Minimum wage increases come into effect

The new National Minimum Wage (NMW) and National Living Wage (NLW) rates came into effect on 1
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When do you have to register to submit a tax return?

There are a number of reasons why you may need to register with HMRC to submit a tax return. This
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Early birds get time to pay

The 2018-19 tax year ended on 5 April 2019 and the new 2019-20 tax year started on 6 April 2019.
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Getting tax relief sooner for charitable donations

If you are a higher rate or additional rate taxpayer, you are eligible to claim relief on the
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Employment law changes taking effect in April 2019

The National Minimum Wage (NMW) and National Living Wage (NLW) rates will increase from 1 April
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Income excluded from UK property business

Most of our readers will be aware of the £1,000 property income allowance that came into
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Is HMRC’s message real or fake?

HMRC has issued an updated version of their online guidance on Genuine HMRC contact and recognising
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Do you employ an au pair?

There are special rules that need to be taken into account if you employ an au pair in your home.
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Repay your employer for private fuel

Where an employee with a company car is provided with fuel for their own private use by their
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Making Tax Digital for VAT

The deadline for businesses with a turnover above the VAT threshold to keep digital records for VAT
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Removing your home address from the public register

Since April 2018 company directors and other eligible people such as company secretaries, people
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What is a finance lease?

The definition of a finance lease can be difficult to pin down. In legal form a finance lease is
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Changes to VAT IT systems if no-deal Brexit

In a letter being sent to businesses across the country, HMRC has published the following
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Present tax-free company benefits

The list of company benefits that can be provided tax-free to employees is quite short. However,
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Keep abreast of Brexit news

As the Brexit date fast approaches, it seems the only thing we can say with any certainty is that
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2019 Spring Statement: employment implications

In the Spring Statement 2019, the Chancellor of the Exchequer has announced that the apprenticeship
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Full EU Settlement Scheme roll-out

The government has laid a Statement of Changes to the Immigration Rules implementing the full
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Sale of income by an individual

A capital sum received by an individual in respect of the sale or relinquishment of income to be
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What are the badges of trade?

The 'badges of trade' tests, whilst not conclusive, are used by HMRC to help determine whether an
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Treatment of deposits for VAT purposes

As a general rule, most deposits made by customers serve as advance payments and create a VAT tax
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Lost your Unique Tax Reference number?

Your Unique Taxpayer Reference (UTR) identifies your tax records at HMRC. The number is also known
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Topping up your self-employed NIC contributions

In many circumstances it can be beneficial to make voluntary Class 2 National Insurance
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Utilising unused losses for CGT

Sometimes tax-payers may sell an asset at a loss. If acceptable as capital losses, they can be
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Companies House – Late Filing Penalties

There are Late Filing Penalties which are designed to encourage companies to file their accounts
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Have you received income in the form of loans?

HMRC has issued a new briefing paper on disguised remuneration charge on loans. Disguised
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Last chance to get ready for VAT filing changes 1 April 2019

The deadline for the introduction of VAT filing changes is now just weeks away. For VAT returns
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Are you claiming the Marriage Allowance?

HMRC has published a press release to remind qualifying couples to claim the Marriage Allowance.
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Company tax deductions for charitable donations

There are special rules in place when a limited company gives to a charity. This can include
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What is a Company Voluntary Arrangement?

A Company Voluntary Arrangement or CVA is a special arrangement that allows a company with debt
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Tax if selling online

Many people supplement their income by selling services online. This is often described as the
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Job related expenses you may be able to claim

If you are an employee and use your own money to buy things you need for your job, you can
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National Insurance if you go abroad

If you move abroad it can often be advantageous to continue paying your UK National Insurance
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New compensation limits announced to take effect from 6 April 2019

The Employment Rights (Increase of Limits) Order 2019 has been laid before Parliament and will come
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Joint ventures and VAT

A joint venture is a commercial enterprise undertaken by two or more parties who otherwise retain
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Election to treat property as main residence

There are a number of issues that owners of more than one home should be aware of. An individual,
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Did you get your Brexit update letter from HMRC?

HMRC has now written to over 145,000 VAT-registered businesses across the UK with a Brexit update.
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Edinburgh makes a case for UK’s first tourist tax

The City of Edinburgh Council is seeking permission to introduce a tourist tax. After an extensive
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New Stamp Duty surcharge announced

A new consultation has been launched by HM Treasury together with HMRC seeking views on the design
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Gifts out of disposable income

There is an annual Inheritance Tax exemption of £3,000 for gifts. This exemption can also be
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Sooner is better than later

This week we pass the filing deadline (31 January 2019) for the 2017-18 Self Assessment tax
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Brexit – what the UK government has advised business owners to do

The Brexit uncertainties continue. To help businesses consider their options HMRC has published
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Charities – reducing input VAT

Charities pay VAT on all standard-rated goods and services they buy from VAT-registered businesses.
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Who pays Income Tax in Scotland?

According to HMRC, individuals pay Scottish Income Tax if they live in Scotland. Care should be
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Maximum AIA calculations for split accounting periods

The recent, and temporary, increase in the AIA to £1m from 1 January 2019 creates computational
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Government outlines new proposals to protect pregnant women and new parents against redundancy

The government has launched a consultation seeking views on new proposals to extend redundancy
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Changes to lettings relief and other exemptions April 2020

Two changes to the way Private Residence Relief works are due to come into effect from April 2020.
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Lifetime transfers where estate of another individual is increased

Most gifts made during a person's life are not subject to tax at the time of the gift. These
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On your bike – Cycle to Work schemes

There are special rules involving bicycles usually referred to as 'Cycle to Work' arrangements. The
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Avoid car-fuel benefit charge for 2018-19

The easiest way to ensure that no car-fuel benefit charge (for private journeys in a company car)
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HMRC publishes more strange excuses

A recent press release by HMRC revealed some of the oddest excuses for submitting a late tax
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EU Settlement Scheme fee is to be scrapped

The Prime Minister has announced in a speech to the House of Commons that the £65 fee for
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Statutory payment rates for tax year 2019/20 confirmed

Following the written ministerial statement published in November 2018 announcing the proposed new
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Auto-enrolment qualifying earnings band figures for tax year 2019/20 confirmed

The draft Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2019 has now
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Remaining age related tax allowances

Most age related tax allowances have been phased out. However, the Married Couple's Allowance (MCA)
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Carry back charitable contributions

Donations to charity over the course of a tax year can add up and taxpayers must ensure they keep a
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Could you claim the Marriage Allowance?

If you or your partner are a low earner or not working, then you may be eligible for the marriage
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Reducing payments on account

Taxpayers are usually required to pay their Income Tax liabilities in three instalments each year.
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Don’t overclaim for equipment purchases

You can use the Annual Investment Allowance (AIA) to claim a very generous 100% first year tax
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Changes to a building after the VAT option to tax

There are special VAT rules that allow businesses to standard rate the supply of most
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Register a company and register for tax

A new one-stop service to register a company and register for tax at the same time has been used by
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Check if your Holiday let property is qualifying

The Furnished Holiday Let (FHL) rules, allow holiday lettings of properties that meet certain
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New ‘global’ pound coin

HM Treasury has confirmed that the £1 coin will be going global. This announcement means that the
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Automatic enrolment for the self-employed?

The government has confirmed that they are to examine a number of different approaches to help
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Merchandise in Baggage

There are special customs requirements for commercial goods or samples which are imported or
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Finance Bill delay

The government published Finance (No.3) Bill 2017-19 on Wednesday, 7 November 2018. The Bill is so
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Paying young people and children

When a new employee is added to the payroll it is the employers' responsibility to ensure they meet
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Don’t forget to pay your tax at the end of the month

The 31 January 2019 is not just the final date for submission of your self assessment tax return
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Did you file your tax return Christmas Day?

A new press release by HMRC has highlighted that 2,616 taxpayers took the time to file their tax
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What expenditure qualifies for the Annual Investment Allowance?

The Annual Investment Allowance (AIA) was permanently set at £200,000 for all qualifying
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A further £2bn allocated to Brexit planning

The government has announced more than £2 billion in additional funding across 25 government
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What is a company confirmation statement?

As well as filing accounts with Companies House, there is a requirement to check that the
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Check your State Pension age

A 'Check your State Pension age' tool is available at www.gov.uk/state-pension-age/y. The tool
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Advise HMRC if you stop being self-employed

Any taxpayers that have ceased to be self-employed must advise HMRC of their change in status.
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Amendments to UK data protection law in the event of a no deal Brexit

Following the publication of its technical notice in September 2018 on “Data protection if there’s
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When is lettings relief available?

In general, there is no Capital Gains Tax (CGT) on a property which has been used as the main
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Qualifying for VAT special schemes

There are three main special VAT schemes available to small businesses. These are the flat rate
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Is your income approaching £100,000?

For high earning taxpayers, the personal allowance is gradually reduced by £1 for every £2 of
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Are you ready for VAT filing changes April 2019?

The introduction of Making Tax Digital (MTD) for VAT is fast approaching. From April 2019, some 1
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VAT on property service charges

A new Revenue and Customs Brief (6-2018) entitled VAT exemption for all domestic service charges
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Citizens’ rights in the event of a no deal Brexit

The government has published a policy paper on what might happen to EU citizens in the UK and UK
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HMRC writes to taxpayers in Wales

HRMC has written to two million taxpayers in Wales concerning the introduction of the Welsh rates
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UK VAT claims by non-EU businesses

The VAT paid in other EU countries is often recoverable by VAT-registered businesses in the UK, who
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Employing someone to work in your home

When you employ someone to work in your home, it is your responsibility to ensure you meet the
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X-factor VAT bonus

The Chancellor, Philip Hammond has announced that the government will waive the VAT equivalent on
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Could you claim expenses and an early tax refund?

HMRC is reminding employees that they may be able to claim a tax rebate if they have incurred
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