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Gift Aid tax relief

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... more


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Directors' loans – a reminder of the tax charge

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... more


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HMRC encourage businesses to register for the Trader Support Service

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... more


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Plastic packaging tax update

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 ... more


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Preventing abuse of R&D tax relief for SMEs

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... more


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Tackling CIS abuse

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... more

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Consultation on the design of MTD for CT

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... more


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Do I have to pay statutory sick pay (SSP) for a new employee

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... more


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Will my husband have to pay capital gains tax on the sale of his father's property

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... more


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Is there stamp duty land tax on my granny annex

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... more

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Why it is important to differentiate between items that are zero-rated for VAT and those that are ex

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... more

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Can my partner transfer their personal allowance to me?

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... more


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Can I defer my self-assessment payment

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... more


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What are the tax implications of renting out a room?

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... more


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Can I claim tax relief for an unpaid bill?

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... more