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CGT Reporting Deadline

CGT Reporting Deadline Under new rules capital gains tax (CGT) on disposals of UK residential property must be reported by 31 July to avoid a penalty. Changes regarding payment of CGT, too...
/news/cgt-reporting-deadline.htm

Sue’s Budget edition of Tax Tips & News

Summary This was a forward-looking Budget, with much of the content based on the assumption that the current Government will pick up where it left off, after the General Election on 7 May 2015....
/news/sues-budget-edition-of-tax-tips--news.htm

Business Exit Planning

Business Exit Planning   Are you thinking about hanging-up your working boots and passing-on your business? This takes a lot of planning to get the best possible tax outcome. If yo...
/news/business-exit-planning.htm

Homes Worth Over £2 million!

Homes Worth Over £2 million! The Government wants to clamp down on tax avoidance by people who purchase their homes through companies, or other structures like trusts or partnerships, (kn...
/news/homes-worth-over-2-million.htm

Tax Efficient Cars

Tax Efficient Cars There are quite a few types of car which have CO2 emissions of no more than 110g/km; including certain models of the Mini Cooper, Toyota Prius, Smart, and Fiat 500. If your c...
/news/tax-efficient-cars.htm

Spring Budget 2017 - Indirect Taxes

Indirect Taxes Annual Tax on Enveloped Dwellings The annual charges for the Annual Tax on Enveloped Dwellings (ATED) will rise in line with inflation for the 2017/18 chargeable period. ...
/news/spring-budget-2017---indirect-taxes.htm

Lower Penalties Offered by HMRC

Lower Penalties Offered by HMRC   The Taxman has launched a new tax disclosure opportunity called the Plumbers Tax Safe Plan (PTSP). It is aimed at plumbers and heating engineers who hav...
/news/ptsp.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

VAT On Multi-products

VAT On Multi-products Most products and services are subject to standard rate VAT at 20%, but some products are zero-rated (VAT applied at 0%), while others, e.g. rent for certain buildings, ar...
/news/vat-on-multi-products.htm

Digital payments: Combats tax evasion where use of cash is declining

Digital technology has revolutionised the way people shop, sell, and save, and people are increasingly moving away from using cash. According to government research, cash has fallen from being...
/news/digital-payments-combats-tax-evasion-where-use-of-cash.htm

Eat Out to Help Out (EOHOS)

Eat Out to Help Out (EOHOS) The aim of EOHOS Is a Government incentive to encourage people to eat or drink in eligible establishments during the month of August 2020. To assist th...
/news/eat-out-to-help-out-eohos.htm

Q. I have not yet paid my self-assessment payment on account, which was due on 31 July...

Q. I have not yet paid my self-assessment payment on account, which was due on 31 July 2017. Will I be charged a penalty for paying late? A. Interest will be charged on the overdue amount. The...
/news/q-i-have-not-yet-paid-my-self-assessment-payment-on-account-which-was-due-on-31-july.htm

Flat Rate VAT

Flat Rate VAT The flat rate VAT scheme for small businesses is designed to reduce administration hassle for the businesses that use it, not to reduce the amount of VAT the business pa...
/news/flat-rate-vat.htm

Individuals

Individuals Personal allowances  Immediate changes    2014/15 2015/16 Born after 5 April...
/news/individuals.htm

Tax-efficient savings for children

Tax-efficient savings for children There are a number of ways to save or invest for children - some accounts are tax-efficient but rigid, others are often flexible but liable to tax. Inter...
/news/tax-efficient-savings-for-children.htm
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