Tax News

Filing your tax return early – what are the benefits?

Filing your tax return early – what are the benefits?

Date posted: 21st Jun 2022

A lot of taxpayers are under the impression that if they file their tax return earlier than the January deadline, they will be required to pay the tax…

Read
CAPITAL GAINS TAX ON SEPARATION AND DIVORCE

CAPITAL GAINS TAX ON SEPARATION AND DIVORCE

Date posted: 21st Jun 2022

Sadly, marriages and civil partnership do end. Understandably, when a married couple or civil partners separate, tax planning may not be at the top of their list of …

Read
SALARY SACRIFICE SCHEMES – GET THE TIMING RIGHT

SALARY SACRIFICE SCHEMES – GET THE TIMING RIGHT

Date posted: 21st Jun 2022

In recent times, many employers have organised salary sacrifice arrangements to allow employees to give up some of their contractual salary in exchange for say additional pension contributions…

Read
ELECTRIC COMPANY CAR –  DOES IT NEED TO BE NEW?

ELECTRIC COMPANY CAR – DOES IT NEED TO BE NEW?

Date posted: 21st Jun 2022

In short, no, but there can be tax differences between acquiring new and second hand cars. As things stand, the shortage of semiconductors has meant long delays in…

Read
HMRC widens the net for Trust reporting via the Trust Registration Service

HMRC widens the net for Trust reporting via the Trust Registration Service

Date posted: 27th May 2022

IMPORTANT NOTICE FOR ALL TRUSTEES, CO-OWNERS OF PROPERTY AND THOSE WITH INVESTMENTS HELD IN TRUST. As a result of the latest money laundering directive, HMRC have extended the…

Read
Employment Related Securities Reporting

Employment Related Securities Reporting

Date posted: 27th May 2022

Have you issued shares or options to Company employees during the 2021/2022 tax year? If a company employee, or associate of an employee, has acquired securities, either from…

Read
Changes to VAT penalties and VAT Interest charges

Changes to VAT penalties and VAT Interest charges

Date posted: 25th May 2022

Changes to VAT penalties and VAT interest charges which were due to be introduced for VAT return periods beginning on or after 1 April 2022 have been postponed…

Read
Do I need a holding company?

Do I need a holding company?

Date posted: 24th May 2022

We are being asked by many clients whether they need a holding company. The answer is mostly always “it depends”. Whilst a holding/parent company that is virtually inactive…

Read
What is a PAYE settlement agreement and when can it be used?

What is a PAYE settlement agreement and when can it be used?

Date posted: 24th May 2022

If an employer provides a benefit to an employee (company car, private medical, gym membership etc.), then it is usually the case that such benefits are declared on…

Read
Job related expenses – how to claim tax relief

Job related expenses – how to claim tax relief

Date posted: 24th May 2022

If you are an employee and you personally incur expenses in carrying out your job, you may be able to claim tax relief for those expenses. Relief is…

Read

IT ALL FITS, TOGETHER.

Keep Informed: enter your email...

Our Clients Include: