Blog
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Gift Aid tax relief
This year, many charities have been heavily impacted by the coronavirus pandemic and have struggled to raise funds. Highlighting the prospects of tax reliefs on d...
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Directors' loans – a reminder of the tax charge
Cash transactions between a director and a personal or family company are recorded through the director's account. At the end of an...
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HMRC encourage businesses to register for the Trader Support Service
The Government is urging businesses to sign up to the Trader Support Service (TSS) before the end of the Brexit transition p...
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Plastic packaging tax - update
HMRC have published a policy paper covering the introduction of a new plastic packaging tax, which is expected to take effect from April 2022.
The ...
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Preventing abuse of R&D tax relief for SMEs
HMRC have published a policy paper covering a change to the research and development (R&D) tax relief rules for small and medium-s...
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Tackling CIS abuse
The Government announced at Spring Budget 2020 a consultation to tackle abuse of the Construction Industry Scheme (CIS). A consultation document was published 19 March 2020 s...
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Consultation on the design of MTD for CT
In July, the Government published ‘Building a trusted, modern tax administration system’, and indicated its intention to extend t...
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Q. I have a new employee who has only been with me for two weeks. Yesterday the employee called in sick. Do I have to pay statutory sick pay (SSP)?
A: There are conditions that an em...
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Q. Ten years ago my husband inherited a share of his father's property when he died as a joint owner with his partner. My father-in-law's Will specified that his surviving partner could con...
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Q.I am currently in the process of purchasing a property which includes a separate granny annex. Since there is only one title number for the whole property, can I apply for stamp duty land tax mul...
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Q. Why it is important to differentiate between items that are zero-rated for VAT and those that are exempt?
A: Although both zero-rated and exempt supplies result in no VAT being applied to th...
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Q. I am employed and pay tax on my salary at the basic rate through PAYE. I have no other income and do not complete an annual self-assessment return. My wife works part-time and earns £10,00...
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Q. I am self-employed and my business has been struggling this year due to the coronavirus. I opted to defer my 31 July 2020 tax payment but I'm worried that I will not have the cash to pay the...
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Q. I have recently become unemployed due to the coronavirus pandemic, so I am going to rent a room out in my home to get some extra income. What are the tax implications if this is my only source o...
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Q. I am a self-employed builder. I carried out a job for a customer and invoiced him for £750. The customer did not pay the invoice and I have since discovered that he has been declared bankr...
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