Only 18 months to go until QUARTERLY tax returns for landlords and the self-employed

October 19, 2021

The deadline for Making Tax Digital for income tax self-assessment (more catchily known as MTD ITSA) is 18 months away, […]

With nearly £10bn in capital gains tax receipts, will the Chancellor be tempted?

October 12, 2021

According to data released by HMRC, £9.9bn in capital gains tax (CGT) receipts were raised in 2019/20. Back in 2020, […]

The new Health and Social Care levy – how will it work and who will be paying?

October 5, 2021

In September, some feathers were ruffled when the Prime Minister announced a new Health and Social Care levy, to fund […]

Unused compensation for damaged property – is tax payable?

September 28, 2021

Your trading premises suffered structural damage, for which you were compensated by your insurer before any repairs were made. But […]

How to persuade HMRC that an error on your tax return wasn’t deliberate

September 21, 2021

This is the scenario: HMRC has claimed there are deliberate (rather than careless or innocent) errors on your tax return. […]

Pre-trading expenses – are directors’ salaries tax deductible?

September 14, 2021

When you’re involved in a new business start-up, you’ll be investing a great deal of time to ensure that it […]

If you’re transferring a share of a rental property to save tax, be aware of a stamp duty surprise

September 7, 2021

Higher-rate paying landlords often give a share of their rental property to a spouse who pays income tax at the […]

People are paying more in income tax – take advantage of all your allowances

August 31, 2021

According to data from HMRC, income tax paid by the public has doubled over the past two decades. By 2019-18, […]

Taken a loan from your company? How to pay it back for optimal tax-efficiency.

August 24, 2021

If you have taken a director’s loan, you will need to clear it to avoid your company facing a tax […]

Capital allowances, the basics broken down

August 17, 2021

When equipment is purchased for use in a business, tax relief is given in the form of capital allowances (CAs). […]