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, […]

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. […]

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, […]

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). […]

Accelerated tax payments, the writing has been on the wall for some time

August 10, 2021

The government is planning to accelerate tax payments, with quarterly or maybe even monthly payments demanded from companies and individuals […]

Reward your staff with a cost-free pay rise

August 4, 2021

If you’re a business owner – and if you didn’t know this already – this past year would have shown […]

Improvement or repair? Know your tax deductions for buy-to-let property

July 5, 2021

Over the last decade, there have been many changes to the tax rules around buy-to-let properties. If you are a […]