Date posted: 10th Sep 2021
As we reported around a year ago (https://www.cliveowen.com/2020/08/offshore-income-reporting/) HMRC are continuing to issue “nudge” letters to customers who HMRC believe have unreported income or gains from overseas. We…
Date posted: 10th Sep 2021
Each individual has an annual pension allowance, which is the maximum that can be saved into a pension plan, each tax year and receive tax relief. However, there…
Date posted: 3rd Sep 2021
Last month we mentioned that draft legislation has been published to change the basis periods for the assessment of self-employed profits to coincide with the tax year. The…
Date posted: 13th Aug 2021
HMRC have announced a consultation that could impact upon the amount of tax payable by self employed individuals, including partners of a traditional partnership or a LLP. This…
Date posted: 10th Aug 2021
We understand that HMRC are increasing the number of investigations into taxpayers and businesses. It is anticipated that this trend will increase, given that HMRC staff will be…
Date posted: 9th Aug 2021
No one likes the idea of the taxman taking a chunk of their estate when they die, particularly if it will be necessary to sell a much-loved property…
Date posted: 9th Aug 2021
VAT registration – what does it mean? If you are trading, then you must register your business for VAT purposes if your VAT taxable turnover (see below for…
Date posted: 9th Aug 2021
VAT registered business making taxable supplies above the £85,000 registration threshold have been complying with Making Tax Digital (MTD) since April 2019. All VAT registered businesses, regardless of…
Date posted: 9th Aug 2021
Since 6 April 2021 large and medium-sized organisations have had to determine whether or not a worker supplying their services via their own personal service company would be…
Date posted: 9th Aug 2021
The fifth (and final) SEISS grant will be available for the self-employed to claim towards the end of July. HMRC will contact those traders that may be eligible…
