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Taskforce Targets Private Landlords

Taskforce Targets Private Landlords HMRC has announced a taskforce to investigate tax avoidance of landlords in South East England. Private residential landlords have now been the sub...
/news/taskforce-targets-private-landlords.htm

Q. My company borrowed money from another private company

Q. My company borrowed money from another private company, but the loan has now been written off because the lender company has been dissolved. What are the tax implications of this write-off? ...
/news/q-my-company-borrowed-money-from-another-private-company.htm

Autumn Budget 2018 - Property - Private Residence Relief: changes to ancillary reliefs

From April 2020, the government will change two ancillary reliefs on rented property and on gains made in the final period of ownership, regardless of occupancy.
/news/autumn-budget-2018---property---private-residence-relief-changes-to-ancillary-reliefs.htm

Self-Employed Travel Expenses

Self-Employed Travel Expenses   If you are self-employed you may have a number of customers you go to regularly to work at their premises. This could apply to mobile hairdressers, clea...
/news/self-employed-travel-expenses.htm

HMRC to use Automatic Search Programmes

HMRC to use Automatic Search Programmes!   The Taxman has announced he is going to start targeting tax evasion by online traders, private tutors, personal trainers and life coaches. ...
/news/hmrc-to-use-automatic-search-programmes.htm

Autumn Budget 2018 - IR35 Changes

To increase compliance with the existing off-payroll working rules (known as IR35) in the private sector, businesses (ie the contractor) using the services of an individual operating through a Limi...
/news/autumn-budget-2018---ir35-changes.htm

Capital Allowances for Holiday Lets

Capital Allowances for Holiday Lets Do you own a property that qualifies as a furnished holiday let (FHL)? To qualify the property has to be commercially let for short periods for at least 70 d...
/news/capital-allowances-for-holiday-lets.htm

Spring Budget 2017 - Individuals

Individuals Personal allowance and income tax threshold The personal allowance for 2017/18 is set at £11,500 (£11,000 in 2016-17), and the basic rate limit will be increased to ...
/news/spring-budget-2017---individuals.htm

Q. I am a sole trader and registered for VAT. The business pays for the fuel in my car...

Q. I am a sole trader and registered for VAT. The business pays for the fuel in my car, which I use for both business and private mileage. How do I account for VAT on the fuel using HMRC's fuel...
/news/q-i-am-a-sole-trader-and-registered-for-vat-the-business-pays-for-the-fuel-in-my-car.htm

IT contractor wins IR35 case

In Jensal Software Ltd v HMRC Commrs [2017] TC 00667, the IT contractor, Ian Wells, successfully appealed a tax bill relating to a succession of contracts during the 2012/13 tax year. Wells provide...
/news/it-contractor-wins-ir35-case.htm

FAQ

Frequently Asked Questions Q. I have recently started a new job and, for the first time in my career, I have been provided with a company car. I have to pay for fuel for private use but my empl...
/faq.htm

Business Journeys

Business Journeys A number of self-employed businesses have been waiting for a tax case to be decided which turned on the question of "what is a business journey?" The test case conce...
/news/business-journeys.htm

Changes to capital gains tax rates

Changes to capital gains tax rates   Legislation will be included in Finance Bill 2016 to reduce the rate of capital gains tax from 18% to 10% where the person is a basic rate taxpayer...
/news/changes-to-capital-gains-tax-rates.htm

Autumn Budget 2017 - Capital gains tax: carried interest

Autumn Budget 2017 - Capital gains tax: carried interest Finance Bill 2017-18 will include provisions aimed at individuals involved in investment management for private equity or other investme...
/news/autumn-budget-2017---capital-gains-tax-carried-interest.htm

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...
/news/company-vans-update.htm
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