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Blog

Student tax scam warning

HMRC is warning new students starting university that they could be targeted by scammers trying to
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Outdoor measures to be made permanent

Temporary measures that have given a huge boost to high streets and hospitality during the pandemic
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Class 1 NIC changes extend to Class 1A contributions

It is important to bear in mind that the 1.25% increase in National Insurance contributions (NICs)
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Dental Associates tax status update

HMRC has, for many years, accepted that associate dentists are generally treated as self-employed.
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Capped social care costs from October 2023

The government has announced new plans to cap social care costs in England from October 2023. This
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Pension triple-lock abandoned for one year

The government has confirmed that its triple-lock guarantee on pensions is to be abandoned for one
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Budget date announced

The Chancellor of the Exchequer, Rishi Sunak has confirmed that the next UK Budget will take place
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Gender pay gap reporting to commence from 5 October

The Equality and Human Rights Commission (EHRC) confirmed in February 2021 that enforcement action
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Back to school – help with childcare costs

As children have returned to school, HMRC is reminding parents that they may be eligible for
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Deadline for notifying an option to tax (VAT) land and buildings

There are special VAT rules that allow businesses to standard rate the supply of most
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Child benefit when child turns 16

Taxpayers entitled to the child benefit should be aware that HMRC usually stop paying child benefit
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Claiming a tax refund

If you think that you have paid too much tax to HMRC you can usually claim back any overpaid tax.
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Using your Personal tax accounts

HMRC’s Personal tax accounts (PTAs) were launched in 2015. The service works as an online resource
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Income excluded from UK property business

HMRC publishes a list of income streams that are excluded from a UK property business. The list
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Tax treatment of incentive award schemes

Companies use incentive award schemes to encourage their employees in various ways. For example, to
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How to deal with tax appeals

There are a number of options open to taxpayers who disagree with a tax decision issued by HMRC. It
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Tax relief on charitable donations

If you are a higher rate or additional rate taxpayer, you are eligible to claim relief on the
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Claiming CGT Gift Hold-Over relief

Gift Hold-Over Relief is effectively a deferral of Capital Gains Tax (CGT) when assets are given
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VAT capital goods scheme overview

The VAT Capital Goods Scheme (CGS) is a means of adjusting the initial VAT recovery in respect of
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Recovering VAT on car purchases

There are complex VAT rules that determine how you can recover VAT on car purchases. The usual
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Covering pension contributions with unused allowances

The annual allowance for tax relief on pensions is currently set at £40,000. The annual allowance
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Reporting travel and subsistence benefits

There is no requirement to report certain routine expenses to HMRC. The types of expenses and
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Tax Diary September/October 2021

1 September 2021 - Due date for Corporation Tax due for the year ended 30 November 2020. 19
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The Help to Grow Management scheme

The Help to Grow: Management course is a government backed programme to help business leaders
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Postmasters’ bankruptcies reviewed

The recent Court of Appeal and Crown Court decisions to quash the convictions of many former
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1.8m couples benefit from extra tax relief

HMRC has confirmed that almost 1.8m couples across the UK have benefitted from the marriage
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Décor and plant and machinery allowances

Capital Allowances are the deductions which allow businesses to secure tax relief for certain
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Further change to SEISS 5 legislation

HM Treasury has published a Correction Treasury Direction made under the Coronavirus Act 2020,
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When is a company dormant for tax purposes?

If a company has stopped trading and has no other income then the company is usually classed as
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VAT inclusive and exclusive prices

When identifying the amount of VAT charged, it is important to distinguish between VAT inclusive
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Pub secures reduced tied rent and discounts

The Pubs Code Adjudicator is responsible for enforcing the statutory Pubs Code. The Pubs Code
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COVID-19 vaccinations mandatory for care homes staff

The Health and Social Care Act 2008 (Regulated Activities) (Amendment) (Coronavirus) Regulations
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Tax Diary August/September 2021

1 August 2021 - Due date for Corporation Tax due for the year ended 31 October 2020. 19 August
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Reforming statutory sick pay

Following its summer 2019 consultation entitled “Health is everyone’s business: proposals for
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Turnover defined for 5th SEISS grant

HMRC has published new guidance to help the self-employed calculate their turnover for making a
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Who pays Inheritance Tax?

Inheritance Tax (IHT) is commonly collected on a person’s estate when they die but can also be
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Tax-free gains on gifts to spouse or charity

In most cases, there is no Capital Gains Tax (CGT) to be paid on the transfer of assets to a spouse
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SEISS – more red tape

Government support to the self-employed through the Self-Employment Income Support Scheme (SEISS)
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Rent-a-room: letting as office accommodation

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in
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Income excluded from a property business

HMRC publishes a list of income streams that are excluded from a UK property business. The list
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Inheritance Tax Business Relief

There are a number of reliefs available that can reduce liability to IHT if you inherit the estate
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New COVID-19 vaccination guidance for employers

Public Health England has published a new guide for employers on COVID-19 vaccination. The guide
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Updated working safely guidance to apply from 19 July 2021

With England having moved to step 4 of the roadmap out of lockdown from 19 July 2021, the
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Taxis: what is liable to VAT

HMRC sets out specific guidance regarding the application of VAT if you are in the taxi and private
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Tax if you divorce or separate

If you are a couple that is getting separated or divorced, apart from the emotional stress, there
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National Minimum Wage reminder for summer staff

We would like to remind any students and seasonal staff that work part time, for example in a
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Card security update

VISA have issued information regarding changes to card processing security from September 2021. The
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Associated company rules

As announced in the Budget earlier this year there will be two rates of Corporation Tax from 1
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OTS – making better use of third party data

The Office of Tax Simplification (OTS) was established in July 2010, to provide advice to the
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Current Capital Gains Tax rates

Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% and this applies to most
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VAT – what you can and cannot reclaim

For most fully taxable businesses, VAT can be reclaimed on goods and services used in the business.
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Stage 4 COVID roadmap implemented 19th July

The Prime Minister, Boris Johnson, spoke to the nation and confirmed that the vaccines have
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Reporting foreign income for UK tax purposes

Income Tax is generally payable on taxable income received by individuals including earnings from
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VAT – which supplies does reverse charge apply to

The VAT domestic reverse charge accounting mechanism was put in place to help prevent criminal
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New EU VAT Import One Stop Shop (IOSS) rules

There have been significant changes to the EU VAT rules for the sale of goods for businesses
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Changes to furlough scheme from 1 July 2021

The Coronavirus Job Retention Scheme (CJRS) commonly known as the furlough scheme is open to all UK
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Tax credits renewal deadline reminder

The 31 July 2021 is the reporting deadline for families and individuals that receive tax credits.
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Resilience

One of the lessons we should take away from the COVID experience - in a business context - is the
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Taxable benefit charge – returning office equipment

A taxable benefit charge can apply when employees return office equipment they used to work from
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UK Infrastructure Bank opens for business

The new UK Infrastructure Bank has officially opened for business. The new bank, which is
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Reminder for reporting expenses and benefits for 2020-21

The deadline for submitting the 2020-21 forms P11D, P11D(b) and P9D is 6 July 2021. Employees must
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Deadline for EU Settlement scheme

EU workers already living in the UK before 31 December 2020 have been required to apply for the EU
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Tax Diary July/August 2021

1 July 2021 - Due date for Corporation Tax due for the year ended 30 September 2020. 6 July 2021 -
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VAT – what is partial exemption?

A business that incurs expenditure on taxable and exempt business activities is partially exempt
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Replacement of domestic items relief

The replacement of domestic items relief has been in place since April 2016. The relief allows
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Boost to UK tourism

In a boost to UK tourism, the government has launched a new Tourism Recovery Plan to help the
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Childcare top-up to cover summer activities

As the school holidays fast approach, many parents face having to organise extra school holiday
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Mandatory vaccinations for those working in care homes

The government has published its response to its consultation on making COVID-19 vaccination a
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Self-employed NIC charges

There are two types of National Insurance contributions (NICs) payable by the self-employed. These
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Building a new home and VAT

The VAT DIY Housebuilders scheme is a special scheme that enables someone building their own home
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Are you a landlord that owes tax to HMRC?

The Let Property Campaign provides landlords who have undeclared income from residential property
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How are dividends taxed?

The dividend tax allowance was first introduced back in 2016 and replaced the old dividend tax
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Are you taking advantage of trivial benefits?

The trivial benefits in kind (BiK) exemption applies to small non-cash benefits like a bottle of
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Bed and breakfast – the same day rule

Historically, the term bed and breakfasting (sale and repurchase) of shares referred to
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Private residence relief

There is usually no Capital Gains Tax (CGT) to be paid when you sell your main family residence
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Tax when you sell a business property

There are various methods at your disposal to reduce or delay the amount of Capital Gains Tax (CGT)
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What is distance selling for VAT purposes?

Distance selling is the term used to describe supplies of delivered goods from one EU Member State
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Tax when you sell an asset

There are special rules that must be followed when you sell an asset on which capital allowances
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The 7-year rule

Most gifts made during a person’s lifetime are not subject to Inheritance Tax at the time of the
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Temporary trade credit insurance scheme to end

Trade credit insurance is a contract bought by suppliers to make sure they get paid even if their
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Tax on sale of cryptoassets

Most individuals hold cryptoassets (such as Bitcoin) as a personal investment, usually for capital
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Employment Status Tool

HMRC’s employment status service can be used to help ascertain if a worker should be classified as
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Tax Diary June/July 2021

1 June 2021 - Due date for Corporation Tax due for the year ended 31 August 2020. 19 June 2021 -
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Check if you can claim working from home expenses

If you are an employee who is working from home, you may be able to claim tax relief for some of
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One month left to join VAT Deferral Payment Scheme

Businesses that deferred VAT payments last year have until 21 June 2021 to join the new online
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How to claim tax relief on employment expenses

If you are an employee that needs to buy substantial equipment to use as part of your employment
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Free advisory data protection check-ups and free online training on cyber security

The Information Commissioner’s Office (ICO) has published a new blog about free advisory check-ups
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Acas publishes new advice on long COVID

Acas has published new advice for both employers and workers on the treatment of workers who are
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No time for head in the sand tactics

Companies that are still claiming the Coronavirus Job Retention Scheme grants, now known as the
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Income Tax if you move to or from Scotland

The Scottish rate of Income Tax (SRIT) is payable on the non-savings and non-dividend income of
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Claiming Business Asset Disposal Relief

BADR used to be known as Entrepreneurs’ Relief before 6 April 2020. The name change does not affect
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When not to charge VAT

When a VAT registered business issues an invoice to their customer, they must ensure that they
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Company information on signs and stationery

There are a number of requirements that must be taken care of when running a limited company. One
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Record keeping for limited companies

Limited companies are required to hold a wide range of company and accounting records. This
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Charging VAT on discounts and free gifts

When VAT registered traders issue an invoice to a customer, they must seek to ensure that the
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IHT immediately chargeable transfers

There are special rules concerning the liability to IHT on a transfer made during a person's
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Taking money out of a limited company

There are a number of ways a director can extract money from their limited company. The money can
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Jobseeker’s Allowance

The Jobseeker’s Allowance (JSA) is a benefit for those usually aged over 18 who are either not
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