Tax News

Property income reporting

Property income reporting

Date posted: 15th Dec 2021

The deadline for filing your 2020/21 Tax Return online is 31 January 2022. If you received income from property, you may need to tell HMRC about it on…

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Child benefit – it is still worth registering even if you are not eligible?

Child benefit – it is still worth registering even if you are not eligible?

Date posted: 15th Dec 2021

If you are responsible for bringing up a child who is under the age of 16, or under the age of 20 where they remain in approved education…

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Super deduction – is it time to plan your spend now?

Super deduction – is it time to plan your spend now?

Date posted: 15th Dec 2021

As we have mentioned on several occasions, the super deduction is a very valuable tax relief for those companies looking to invest in plant and machinery. A re-cap…

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CIS – How to work out whether it applies – practical problems on submission, penalties

CIS – How to work out whether it applies – practical problems on submission, penalties

Date posted: 15th Dec 2021

The Construction Industry Scheme (CIS) requires registration of anyone who works in that industry, be that a sole trader or a company. The registration rule includes the largest…

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Electric charging points – Is there a tax liability?

Electric charging points – Is there a tax liability?

Date posted: 15th Dec 2021

As part of the Government’s push to encourage drivers to ‘go electric’, the Transport Secretary, Grant Shapps, announced an extension to a £50 million Government fund to install…

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Furnished holiday lettings – rollover relief

Furnished holiday lettings – rollover relief

Date posted: 4th Nov 2021

Furnished holiday lettings have a number of tax advantages compared to standard residential buy to lets. One of the key advantages is the availability of business asset rollover…

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Planning the Christmas party – make sure you don’t trip over tax liabilities!

Planning the Christmas party – make sure you don’t trip over tax liabilities!

Date posted: 4th Nov 2021

Last year, the Covid-19 pandemic and national lockdown took Christmas parties (other than virtual ones) off the agenda. This year, there may be a temptation to make up…

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Missed the 31 October 2021 deadline – do not fear, we can help!

Missed the 31 October 2021 deadline – do not fear, we can help!

Date posted: 4th Nov 2021

The deadline for the submission of a Tax Return to HMRC, on paper, lapsed on 31 October 2021. However, as we use bespoke software to electronically file Tax…

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SEISS grants – don’t forget that they are taxable! But were you eligible?

SEISS grants – don’t forget that they are taxable! But were you eligible?

Date posted: 4th Nov 2021

The self employed income support scheme (SEISS) grants were made available by HMRC last year, as a result of the lockdowns imposed under the COVID-19 legislation which meant…

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Dividends – how are they taxed?

Dividends – how are they taxed?

Date posted: 4th Nov 2021

Dividends have their own tax rules and their own rates of tax. The rules and the rates apply in the same way regardless of whether the dividends are…

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