“Rent a room” relief to continue for AIR BNB landlords Last year HMRC carried out a review of rent a room relief and it was proposed that ...
Tax planning to minimise the high income child benefit charge
Tax planning to minimise the high income child benefit charge The substantial increase in the higher rate threshold to £50,000 is good news for many ...
Extracting profit from the family company
Extracting profit from the family company The start of the new tax year means that shareholder/ directors may want to review the salary and dividend m...
Diary of main tax events April / May 2019
Date / What’s Due 1/04 Corporation tax payment for year to 30/6/18 (unless quarterly instalments apply) 1/04 MTD for VAT starts to apply to VAT ...
Disguised remuneration loan charge starts April 2019
This new charge will apply to certain loans to directors and employees that are still outstanding at 5 April 2019 and new arrangements put in place af...
Advisory fuel rate for company cars
In line with recent reductions in fuel prices, HMRC have reduced their suggested reimbursement rates for employees’ private mileage using their ...
Personal service company changes from April 2020
In the Autumn Budget the Chancellor announced that the “off payroll” workers rules that currently apply in the public sector would be roll...
Land and buildings transactions tax
Land and Buildings Transactions Tax is the Scottish equivalent of Stamp Duty Land Tax. For residential properties, the rates and bands for land and bu...
No tax changes announced in spring statement
Despite the continuing uncertainty surrounding Brexit the Chancellor delivered his Spring Statement on 13 March. The purpose of this statement is to u...