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It is crucial to stay on top of key tax dates to keep your financial affairs in order. Here’s a friendly reminder of the important tax deadlines this year.
Discover the suggested reimbursement rates for employees’ private mileage using their company car.
Now is the perfect time to review your finances and make sure you’re making the most of available tax reliefs and allowances.
It is that time of year again for staff parties and annual functions, so it is important to make sure you record it properly.
The IR35 personal service company legislation has been on the statute book since 2000 and has never really worked as intended. The main reason for
Last year we reported that the House of Commons Work and Pensions Committee published a report calling on the Government to close the loopholes that
If your pension savings exceed the annual pension input limit (generally £40,000) then there is an annual allowance charge. The effect of the annual allowance
Many of the recent changes in the taxation of buy to let rental businesses do not apply to property businesses that qualify as furnished holiday
Making Tax Digital (MTD) for VAT is scheduled to start in April 2019 which means that your VAT information needs to be submitted to HMRC
Much of the focus in the Autumn Budget on Stamp Duty Land Tax (SDLT) concerned the abolition of the duty for first time buyers of
For a number of years there has been a generous 100% tax break for businesses that install energy saving technology in their premises. This is
The new inheritance tax relief for passing on the family home is protected even when you downsize to a smaller property. For example, if a
New inheritance tax rules for passing on the family home started on 6 April 2017. This new relief should be taken into consideration when drafting
For most taxpayers the maximum pension contrbution is £40,000 each tax year, although this depends on their earnings. This limit covers both contributions by the
At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the
There has been much lobbying from the small business sector to reduce business rates. The Chancellor stated that 600,000 small businesses currently benefit from small
A furnished holiday letting business is treated as a trade for most tax purposes. For example, capital allowances are available on furniture, and CGT entrepreneurs’
In order for a shareholder to qualify for CGT entrepreneurs relief on the disposal of their shares, they must be an officer or employee of
The P11d benefits on company vans are generally much lower than company cars and where private use of the van is merely incidental to its
If your business has suffered VAT on expenses incurred in another EU country, for example, overseas hotel and restaurant bills, then it is possible to
The next Finance Bill will include legislation to reduce significantly the taxable benefit on the provision of low CO2 emission cars from April 2020. From
Remember that from 6 April 2016, benefits are exempt from tax and NICs if all the following conditions are satisfied: • the cost of providing
HMRC have recently updated their toolkit dealing with the reporting of expenses and benefits provided to employees and directors in the light of significant recent
Many companies are still missing out on valuable tax breaks for expenditure on research and development (R&D). Revenue and Customs (HMRC) have recently updated their
Up until 6 April last year, the distribution of cash to shareholders on the winding up of a trading company by a liquidator, was usually