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Make the Losses Work

Make the Losses Work   The value of shares quoted on the stock market has risen recently. This may encourage you to sell some investments before the end of this tax year (5 April 2013)...
/news/make-the-losses-work.htm

How does the Flat Rate scheme work?

How does the Flat Rate scheme work?  Broadly, the flat rate scheme for VAT is designed to help small businesses with a turnover of no more than £150,000 a year, excluding VAT, by tak...
/news/how-does-the-flat-rate-scheme-work-.htm

Office of Tax Simplification outlines future work plans

Office of Tax Simplification outlines future work plans The Office of Tax Simplification (OTS) has published a paper outlining its future works programme, identifying areas of interest that the...
/news/office-of-tax-simplification-outlines-future-work-plans.htm

More tax relief possibilities for self-funded work-related training

The government has launched a consultation on plans to extend the existing tax relief available for self-funded work-related training by employees and the self-employed, as part of the go...
/news/more-tax-relief-possibilities-for-.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

Leaving the UK: a look at split-year treatment

Leaving the UK: a look at split-year treatment During 2020 it has been reported that the number of people leaving the UK was "unprecedented". The Economic Statistics Centre of Excelle...
/news/leaving-the-uk-a-look-at-split-year-treatment.htm

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...
/news/do-i-have-to-pay-statutory-sick-pay-ssp-for-a-new-employee.htm

Q. I own a property in the UK that is rented out but I live and work in Italy...

Q. I own a property in the UK that is rented out but I live and work in Italy. The taxable profit from the rental property is less than £10,000. Will I have to pay UK tax on this property inc...
/news/q-i-own-a-property-in-the-uk-that-is-rented-out-but-i-live-and-work-in-italy.htm

Q. I am a company director and usually work from an office...

Q.  I am a company director and usually work from an office in London. However, I will shortly be relocating to France for a couple of months and will be working from there. Will I be able to ...
/news/q--i-am-a-company-director-and-usually-work-from-an-office.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

Working from Home

Working from Home   If you work from home as an employee or director of your own company, or for any other employer, you can claim £3 per week (tax free) to reimburse you for the...
/news/working-from-home.htm

Casual Employees and Employment status

Casual Employees and Employment status Some employers will be considering taking on extra staff on a 'casual' basis to cover the summer period. There are a few issues which employers sh...
/news/casual-employees-and-employment-status.htm

IR35 Upper Tribunal Win

IR35 - Upper Tribunal Win HMRC lost their appeal in the high-profile Upper Tribunal IR35 case of TV presenter Kaye Adams. This was perhaps slightly unexpected as a number of established hallmar...
/news/ir35-upper-tribunal-win.htm

Flat Rate Scheme for VAT

Q. I have recently registered for VAT. Although my turnover is only just above the VAT registration threshold, I anticipate that it will now increase year-on-year. How does the flat rate scheme for...
/news/flat-rate-scheme-for-vat.htm

MTD (Making Tax Digital) update – When will this be mandatory?

HMRC's pilot of Making Tax Digital (MTD) for income tax has been extended and is now able to accept quarterly updates from individual landlords with simple tax affairs. We as agents can also si...
/news/mtd-making-tax-digital-update--when-will-this-be-mandatory.htm
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