Date posted: 20th Sep 2023
HMRC statistics show that the majority of tax returns are filed in the two months before the deadline for filing the tax return. If you need to file…
Date posted: 20th Sep 2023
A recent challenge at a tax tribunal could pave the way for employers and employees to save national insurance where they offer a car allowance instead of a…
Date posted: 11th Sep 2023
Research and Development (R&D) is a hot topic in the tax profession at the moment, with HMRC clamping down on fraudulent claims. As a consequence of this, we…
Date posted: 21st Aug 2023
The term “stealth tax” is usually used by the media or political parties (regardless of persuasion) as a term to explain how taxes can be unknowingly paid or…
Date posted: 9th Aug 2023
There are rumours circulating in the press of the possible abolitshment of inheritance tax (IHT) in a bid by the Government to secure the support of wavering Conservative…
Date posted: 9th Aug 2023
Employers may meet the cost of certain social events for staff without creating a tax liability. This used to be a concession but is now a statutory exemption…
Date posted: 9th Aug 2023
Tax-Free Childcare (TFC) accounts can be used to pay for approved childcare for children aged 11 or under, or 16 if the child has a disability. This can…
Date posted: 9th Aug 2023
If you make VATable supplies, you will need to register for VAT if your taxable turnover reaches the VAT registration threshold. The VAT registration threshold is currently set…
Date posted: 9th Aug 2023
If you let out a property, you can deduct certain expenses that you incur when working out your taxable rental profit. Some common expenses claimed, include: 1.Letting agency…
Date posted: 8th Aug 2023
HMRC have sent out ‘One to Many’ nudge letters to taxpayers who they believe may have claimed Business Asset Disposal Relief (BADR) in excess of the lifetime limit….
