No more wear and tear
Landlords of residential property may justifiably be feeling somewhat hard done by right now. If the restriction to tax relief for interest and other finance costs coming in from 6…
A different type of campaign
The latest campaign from HMRC has a different focus to its predecessors. It is aimed at employers who have not complied with national minimum wage (NMW) requirements rather than at…
Property taxation reforms
The rent a room tax relief limit will increase from £4,250 to £7,500 from 6 April 2016, but with the new tax relief rate restrictions, it could be bad news for those who rent out their spare rooms.
More detail on dividend changes
HMRC has issued a factsheet about next year’s dividend tax changes announced in The Summer Budget. HMRC have published a “Dividend Allowance Factsheet” to help.
Autumn Statement 2015 – Date announced
The Chancellor has announced the date of the Autumn Statement. In late July, the Chancellor announced that the results of the Spending Review would be announced on 25 November. At…
Buy-to-let landlords selling up ahead of tax crackdown
Landlords and their accountants are realising the implications of the tax changes introduced in the Summer Budget. Big mortgage? All higher-rate taxpayers who own buy-to-let properties on which there’s a large mortgage will pay more tax.
HMRC accelerates to £1bn of collections
HMRC’s accelerated payments programme has now collected £1bn from users of tax avoidance schemes. Will you be next?
Capital vs revenue expenditure
Knowing whether business expenditure is revenue or capital is essential to the preparation of accounts, do you know which is which? HMRC has recently updated its guidance on the most common errors.
