Blog

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Q. I am aware that there is to be a temporary increase in the limit...

Q. I am aware that there is to be a temporary increase in the limit for claiming Annual Investment Allowances. Are all assets eligible for the allowance?  A. Unfortunately not all expendit... more


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Q. Due to cash flow difficulties I have not yet paid my self-assessment...

Q. Due to cash flow difficulties I have not yet paid my self-assessment payment on account, which was due on 31 July 2018. I realise that I will have to pay interest on the amount outstanding, but ... more


55
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Q. Following the 2018 Autumn Budget announcement, will my company's capital losses be restricted?

Q. Following the 2018 Autumn Budget announcement, will my company's capital losses be restricted?  A. Under current proposals, from 1 April 2020, a company's use of carried-forward... more


67
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HMRC warn of tax scams targeting university students

HMRC have published a series of warnings that university students are being targeted by scammers with fake tax refunds in an effort to steal money and personal details.   The scammers ... more


76
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PGLs for employers

The Department for Education has launched a new Student Loan product known as Postgraduate Loans (PGLs). From April 2019, individuals will be able to start loan repayments of this type through PAYE... more


61
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VAT reverse charge in the construction industry

Autumn Budget 2018 announced a new measure, designed to counter fraud in the construction industry which has seen gangs of criminal traders artificially extending the chain of supply of labour serv... more


61
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Zero emission vans

Between 2010/11 and 2014/15, there was no charge for zero emission vans. However, this exemption is now being phased out gradually between April 2015 and April 2022 such that from 2022-23, the full... more


70
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Company vans update

A charge of income tax will generally arise if a company van is made available, by reason of employment, to an employee or a member of their family or household. It must be made available without a... more


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Online platforms role in ensuring tax compliance

The government will publish its response to the call for evidence The Role of Online Platforms in Ensuring Tax Compliance by Their Users, which was launched at the Spring Statement 2018. This will ... more


127
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Consultation on the taxation of trusts

As announced at Autumn Budget 2017, the government will publish a consultation on the taxation on trusts, to make the taxation of trusts simpler, fairer and more transparent.


102
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National Living Wage/National Minimum Wage

The Low Pay Commission (LPC) has recommended, and the Government has accepted, that the hourly rates should increase in April 2019 as follows: * from £7.83 to £8.21 for workers age... more


100
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Tax treatment of Social Security Benefits

Legislation will be introduced in Finance Bill 2018/19 to clarify the income tax treatment of 9 social security benefits. The tax treatment of these benefits will be legislated for as follows: ... more


118
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HMRC to join preferred creditor list

From 6 April 2020, the government will change the rules so that when a business enters insolvency, more of the taxes paid in good faith by its employees and customers and temporarily held in trust ... more


117
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Interest provisions for late payment, repayment and penalties

The detail of how interest is applied to late payments for corporation tax, Stamp Duty and SDLT and to penalties imposed for failure to comply with obligations under PAYE, is to be clarified. ... more


131
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Voluntary tax returns

Historically HMRC have exercised discretionary collection and management powers to accept and treat voluntary income and corporation tax self-assessment returns received on the same basis as tax re... more