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50
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Q. I am thinking of buying a property in England to rent out

Q. I am thinking of buying a property in England to rent out. Will I be able to offset the legal fees, stamp duty land tax and deposit costs against the rental income I hope to receive? A. ... more


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Q. My grandmother died on 3 May 2017. Her estate on death includes 12,000 ordinary shares in XYZ plc

Q. My grandmother died on 3 May 2017. Her estate on death includes 12,000 ordinary shares in XYZ plc, a company listed on the London stock Exchange. The closing prices at the date of her death show... more


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Q. I own a rental property, which has a mortgage on it

Q. I own a rental property, which has a mortgage on it. The mortgage is currently on an interest-only basis. Given the new interest relief restrictions on landlords' finance costs, should I con... more


58
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When are tips taxable?

The Summer season usually sees a rise in the number of casual staff taken on by restaurants and cafes. Whilst the tax and NIC implications of wages is generally straight-forward, confusion often ar... more

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44
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HMRC update guidance on MSCs (Managed Service Companies)

HMRC have updated their guidance, following the recent decision in Christianuyi Ltd v R & C Commrs [2018] UKUT 10 (TCC), in which the Upper Tribunal ruled that a number of companies were o... more


51
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Diesel car supplement increase takes effect

The taxable benefit arising on a car is calculated using the car's full manufacturer's published UK list price, including the full value of any accessories. This figure is multiplied by the... more


65
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Use gift Aid to save tax

HMRC have recently highlighted that charities are collectively missing out on some £600m extra funding because a third of donations made do not add Gift Aid when they could have don... more


82
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Q. I am hoping to start my own business very soon...

Q. I am hoping to start my own business very soon, but I am not sure whether I should incorporate straight away or not. The business will require a substantial capital investment, so it is likely t... more


84
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Q. I own a property in the UK that is rented out but I live and work in Italy...

Q. I own a property in the UK that is rented out but I live and work in Italy. The taxable profit from the rental property is less than £10,000. Will I have to pay UK tax on this property inc... more


90
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Q. I have traded through a two-man partnership for many years...

Q. I have traded through a two-man partnership for many years, but my partner has recently announced that he has decided to leave. I intend to continue trading as a sole trader. We have agreed an o... more


84
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National Minimum Wage (NMW) and National Living Wage (NLW)...

National Minimum Wage (NMW) and National Living Wage (NLW) increases take effect New rates for the National Minimum Wage (NMW) and National Living Wage (NLW) (aged 25 and over) apply from 1 Apr... more


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Penalties on Offshore income and the ‘Requirement to Correct’ (RTC) rule

Penalties on Offshore income and the ‘Requirement to Correct’ (RTC) rule Broadly, a UK-resident taxpayer has a responsibility to notify HMRC of any taxable offshore income they... more

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102
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Driving innovation to improve the use of plastic

As widely speculated, the Chancellor announced a call for evidence to explore how changes to the tax system or charges could be used to reduce the amount of single-use plastics, by reducing unneces... more


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Financing growth: EIS expansion for knowledge-intensive firms - fund consultation

Evidence gathered during a recent consultation suggested that knowledge-intensive firms - which have high growth potential but are Research and Development (R&D) - and capital intensive - have ... more


103
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Increased drive for up-front payments of tax: to include Corporation Tax and CIS Tax?

The government announced at Autumn Budget 2017 that the current scope of the security deposit legislation will be extended to include corporation tax and Construction Industry Scheme (CIS) deductio... more