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Tax-Free Childcare and Summer Activities

Tax-Free Childcare and Summer Activities HMRC has issued a reminder to working parents that Tax-Free Childcare (TFC), the scheme the government phased in between 2017 and 2018, is not just for ... more


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Invalid VAT invoices

Invalid VAT invoices One of the fundamental requirements for re-claiming input tax on a VAT return is the need to have a valid VAT invoice. A valid invoice must include certain requisite inform... more

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Investors' Relief - The Forgotten CGT Break?

Investors' Relief - The Forgotten CGT Break? Investors' Relief (IR) was introduced in April 2016 to complement what was then called entrepreneurs' relief. IR is intended to encourag... more


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Self-employed-changes ahead

Finance Bill Published 20th July saw the publication of the draft clauses of Finance Bill 2022. Whilst there will inevitably be more announcements made at the autumn budget, there are two claus... more


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Property 30-day reporting issues

Property 30-day reporting issues April 2020 saw the introduction of 30-day capital gains tax reporting and payment for disposals of UK residential property where the gain is not covered by the ... more


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Covid-update

COVID-19 On 1 August the government’s furlough contribution fell to 60%, meaning the employer will need to pay 20% to ensure the employee receives their entitlement of 80% (subject to a &... more


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Can I use the Cash Accounting Scheme to assist with cashflow with CIS?

Q. I am a builder who is registered for the CIS (Construction Industry Scheme). The vast majority of my work is as a subcontractor for a number of large companies. I am VAT registered and so have b... more


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Am I subject to income tax relief clawback if my wife sells gifted shares?

Q. I am very keen on investing in entrepreneurial companies, over the years, I have made several investments that qualified for the EIS. Two years ago, I made such an investment, and three months l... more


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Are my NI contributions capped in my second job?

Q. My partner has been suffering with "long COVID" for several months, and unfortunately has had to leave her job as a result. As our son is in his second year of university, we can't... more

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VAT Registration - Delays

VAT Registration - Delays Due to COVID19, some businesses are experiencing long delays in obtaining a VAT number after submitting the registration form. HMRC acknowledged the delays earlier thi... more


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Letting Relief

Letting Relief One further area that could cause problems is the assumption that letting relief will apply to cover part of the gain not covered by private residence relief. However, the operat... more


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Multiple Properties

Multiple Properties Where the seller has multiple properties that are genuinely occupied as a residence for at least some of the period of ownership, they may have made an election to nominate ... more


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Periods of Absence

Periods of Absence Where the seller only has one available residence and has lived in it continuously throughout the period of ownership, relief should apply in full. However, certain periods o... more

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Property CGT – Avoid Reporting Traps

Property CGT – Avoid Reporting Traps Since April 2020, UK-resident taxpayers have been required to report gains on residential property and make a payment on account of the tax due, withi... more


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VAT & Email Addresses

VAT & Email Addresses HMRC has warned businesses that pay their VAT bills by direct debit that these will be cancelled if they do not hold a valid email address for the business. The proble... more

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