1/12/19 Corporation tax for year to 28/02/2019 unless quarterly instalments apply...
Staff parties and annual functions
It is that time of year again for staff parties and annual functions, so it is important to make sure you record it properly. An employer may spend up...
General election delays loan charge review
It has been announced that the general election delays loan charge review. The Financial Secretary to the Treasury, Jesse Norman, has written to Sir A...
Boris Johnson to delay 17% rate of corporation tax
Corporation tax is scheduled to be reduced from 19% to 17% from 1 April 2020. However, in a speech to the CBI on 18 November Boris Johnson announced t...
Diary of main tax events November/December 2019
Date What’s Due 1/11/19 Corporation tax for year to 31/01/2019 unless quarterly instalments apply...
Collecting unpaid tax for 2018/19 through your PAYE coding
Under certain circumstances it is possible to arrange the collection of unpaid tax through your PAYE coding rather than making a balancing payment on ...
Qualify for capital gains tax relief
As mentioned above furnished holiday lettings businesses are eligible for capital allowances on equipment in the property. Where the business incurs f...
No capital allowances available for equipment in a dwelling house
In a recent Tax Tribunal case it was decided that only equipment installed in the “common parts” of a dwelling house qualifies for tax relief. Thi...
Directors loan account transactions
In a recent Tax Tribunal case the judge agreed with HMRC that a detailed breakdown of directors loan account transactions is required, including dates...