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Payments received after company is dissolved

Any assets or rights (but not liabilities) remaining in a company at the date of dissolution will pass to the ...
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/ Corporation Tax

Haulage company charged with loan fraud

An interesting case has seen a haulage company based in the West Midlands have their operator licence revoked. This followed ...
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/ Business Support

VAT Margin Scheme bad debt relief

The VAT bad debt relief rules allow businesses to claim bad debt relief and reclaim the VAT they have paid ...
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/ Value Added Tax

Transport restrictions eased

The government has announced plans to introduce a temporary extension to road haulage cabotage rules to alleviate pressures with the ...
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/ General

Claiming tariff quotas to reduce import duties

Tariff quotas are a special mechanism for importing limited supplies of specific goods at a lower rate of customs duty ...
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/ Customs Duties

Self-Assessment filing deadlines

The 2020-21 tax return deadline for submitting your paper Self-Assessment returns is 31 October 2021. The tax deadline for submitting ...
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/ Income Tax

Getting prepared to use Freeport customs sites

In the Spring Budget earlier this year, the chancellor announced that eight Freeport locations would be created in England. The ...
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/ Customs Duties

Valuing property for ATED

The Annual Tax on Enveloped Dwellings (ATED) is a tax payable by certain Non-Natural Persons (NNPs) that own interests in ...
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/ Stamp Duty Land Tax

What goods are eligible for the margin scheme?

There are a few VAT margin schemes. The margin schemes work by allowing qualifying businesses to account for VAT on ...
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/ Value Added Tax

Don’t miss out on this tax allowance

If you are entitled to the marriage allowance and have not yet applied, then you could receive a payment of ...
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/ Income Tax

Letting agencies and the Money Laundering Regulations

HMRC is responsible for the money laundering supervision of certain businesses including letting agencies. Businesses that HMRC is responsible for ...
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/ HMRC notices

Have you claimed your Child Trust Fund cash?

Young persons who turned 18 on or after 1 September 2020 may have cash waiting in a dormant Child Trust ...
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/ General

£500 million Plan for Jobs Expansion

The Chancellor, Rishi Sunak, has announced a £500 million expansion of the Plan for Jobs as part of his speech ...
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/ Employment & Payroll

Tax and termination payments

The tax treatment of termination payments has changed significantly over recent years. The changes have aligned the rules for tax ...
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/ Employment & Payroll

Reporting grants received to HMRC

Most COVID support grants are treated as taxable income in the same way as other taxable receipts and need to ...
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/ Business Support

Raising capital using the EIS

The Enterprise Investment Scheme (EIS) has been designed to increase investment in the early development of high potential growth businesses ...
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/ Business Support

Hospitality trades temporary reduction in VAT has expired

The temporary reduced rate of 5% for hospitality, holiday accommodation and attractions that came into effect in July 2020 ended ...
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/ Value Added Tax

£500m support for vulnerable households

The government has launched a new £500 million package of support for vulnerable households. The new Household Support Fund will ...
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/ General

Completing a One Stop Shop VAT return

HMRC’s guidance on how to complete and submit a One Stop Shop (OSS) VAT Return from 1 October 2021 has ...
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/ Value Added Tax

More on possible change to tax year end date

As we mentioned in a recent post, the Office of Tax Simplification (OTS) has released a new video on a ...
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/ Income Tax

OTS releases video update

The Office of Tax Simplification (OTS) was established in July 2010, to provide advice to the Chancellor on simplifying the ...
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/ General

Make the most of tax-free trivial benefits

The trivial benefits in kind (BiK) exemption applies to small non-cash benefits, for example a bottle of wine or a ...
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/ Employee Benefits

Find customs agent to help with import/export declarations

If you are moving goods to or from the UK then you need to ensure that you have all the ...
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/ Customs Duties

MTD for Income Tax has been delayed by one year to April 2024

The introduction of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) has been delayed by one year until April ...
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/ General

Tax Diary October/November 2021

1 October 2021 - Due date for Corporation Tax due for the year ended 31 December 2020. 19 October 2021 ...
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/ Tax Diary

Want to complain about HMRC?

Taxpayers may find themselves in a position where they need to make a complaint about HMRC’s service. Complaints can relate ...
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/ HMRC notices

VAT register inactivity

HMRC’s published guidance titled ‘Check genuine HMRC contact that uses more than one communication method’ has been updated. The list ...
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/ Value Added Tax

SEISS claims deadline in a few days

The final deadline for making a claim under the 5th Self-Employment Income Support Scheme (SEISS) is 30 September 2021. The ...
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/ Business Support

Government announces winter COVID plan

The Prime Minister, Boris Johnson has set out the government’s autumn and winter plan for managing Covid. The government is ...
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/ General

New timetable for import controls

There are special procedures for importing goods into the UK. Following the end of the Brexit transition period on 31 ...
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/ Duties

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