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Basics of CGT Rollover Relief

Business Asset Rollover Relief is a valuable relief that allows you to defer payment of CGT on gains made when ...
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/ Capital Gains Tax

Striking companies from Companies Register

There are a limited range of circumstances when a company can request to be removed from the register (known as ...
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Simplified expenses motor vehicles

There are simplified arrangements in place for the self-employed (and some partnerships) to claim a fixed rate deduction for certain ...
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/ Income Tax

Tax returns filing deadline is fast approaching

The approaching deadline for submitting 2019-20 Self-Assessment tax returns online is 23:59 on Sunday, 31 January 2021. The filing deadline ...
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/ Income Tax

Tax when you sell shares

Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% when you sell shares unless they ...
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/ Capital Gains Tax

Online tax payment plans

New figures published by HMRC have revealed that some 25,000 taxpayers have set up an online payment plan to manage ...
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/ Income Tax

Government help for people in debt

New government proposals have been published that look at further extending debt solutions to help more people suffering from problem ...
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/ General

Government tackles late payment to small firms

The Government has announced an overhaul of the Prompt Payment Code (PPC). Under the new reforms, companies that have signed ...
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/ Business Support

Rights to regenerate

We will soon have the rights to turn derelict buildings into homes and community assets. In a recent press release ...
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/ Business Support

Tax on an inherited private pension

Private pensions can be an efficient way to pass on wealth, but it is important to consider what, if any, ...
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/ Pension

IHT Main Residence Nil Rate Band

The Inheritance Tax residence nil-rate band (RNRB) is a transferable allowance for married couples and civil partners (per person) when ...
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/ Inheritance Tax

New IPO search facility

The Intellectual Property Office (IPO) is the official UK government body responsible for intellectual property (IP) rights including patents, designs, ...
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Tax and duties for goods sent from abroad

Following the end of the Brexit transition period new rules regarding tax and duty apply to goods sent to the ...
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/ HMRC notices

Have you paid your Data Protection Fee?

The Information Commissioner's Office (ICO) is the independent regulatory office in charge of upholding information rights in the interest of ...
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/ General

VAT Reverse charge for construction sector

A further reminder that new VAT rules for building contractors and sub-contractors will come into effect from 1 March 2021 ...
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/ Construction Industry Scheme

CJRS guidance on who can be furloughed

HMRC’s guidance on which employees can be placed on furlough using the Coronavirus Job Retention Scheme has been updated. The ...
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/ Business Support

Apply for the new Global Health Insurance Card

UK residents can now apply for the new UK Global Health Insurance Card (GHIC). Under Britain’s new agreement with the ...
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/ Business Support

Testing for international arrivals

Passengers arriving from all international destinations will be required to present a negative COVID-19 test result before departing for England ...
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/ Business Support

Income Tax charge to recover CJRS overclaims

Employers should notify HMRC if they have received a CJRS payment to which they are not entitled and pay back ...
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/ Business Support

Repaying furlough grants if overclaimed

Any business that has overclaimed a Coronavirus Job Retention Scheme (CJRS) grant must pay back the overpayment to HMRC. The ...
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/ Business Support

Budget date announced

The Chancellor of the Exchequer, Rishi Sunak has confirmed that the next UK Budget will take place on Wednesday, 3 ...
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/ General

No VAT on women’s sanitary products

The UK was unable to zero rate VAT on women’s sanitary products under EU rules and the items were subject ...
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/ Value Added Tax

Time to pay arrangements

One of the measures announced by HMRC at the start of the coronavirus pandemic was the introduction of emergency measures ...
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/ Income Tax

Tax returns filing deadline at the end of this month

The 31 January 2021 tax return filing deadline is not just the final date for submission of your Self-Assessment tax ...
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/ Income Tax

Looking for a customs agent?

The Brexit transition period has come to an end and a new customs border has been created between the UK ...
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/ Customs Duties

Did you file your tax return on Christmas Day?

A new press release by HMRC has highlighted that 2,700 taxpayers took the time to file their tax return online ...
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/ Income Tax

£4.6 billion lockdown grants announced

Following a rapid rise in COVID infections, from today 5th January 2021, England has been placed into a new lockdown ...
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/ Business Support

Time to revisit solvency

If you have managed to retain profits in your business this fat-on-the-bone will help to see you through loss making ...
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/ Business Support

Lock-down 3 – business considerations

It’s official. We are in lock-down 3 in England, Scotland following suit and the other regions expected to enforce similar ...
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/ Business Support

New Plastic Packaging Tax for 2022

The government announced plans as part of the Spring Budget 2020 measures to introduce new measures to tackle the scourge ...
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/ Other duties

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