Rental income – have you declared it?
Date posted: 12th Oct 2020
Over recent years we have helped a lot of new clients declare previously undeclared rental income to HMRC. The rental income has usually not been declared as a…
Date posted: 12th Oct 2020
Over recent years we have helped a lot of new clients declare previously undeclared rental income to HMRC. The rental income has usually not been declared as a…
Date posted: 12th Oct 2020
During the initial stages of the COVID-19 pandemic, HM Revenue & Customs (HMRC) re-assigned staff members to make sure that there was sufficient human resource to allow businesses…
Date posted: 12th Oct 2020
If you are introducing subcontractors to install or fit products that you sell to customers, then you need to take care to ensure that you do not end…
Date posted: 30th Sep 2020
There is currently a zero P11d benefit for the drivers of electric cars in 2020/21. The legislation for this change is included in Finance Act 2020 which also…
Date posted: 30th Sep 2020
The United Kingdom leaves the European Union at 11pm on 31 December 2020 when the transitional period ends. It is still unclear whether a trade deal will have…
Date posted: 29th Sep 2020
Breaking news update – Government extends £1m Annual Investment Allowance cap to 1 January 2022 The Government has extended the £1m Annual Investment Allowance cap to 1 January…
Date posted: 15th Sep 2020
As you may have read in the press, HM Revenue & Customs believe that up to £3.5bn of furlough monies may have been claimed in either error or…
Date posted: 14th Sep 2020
The government has confirmed that it will increase the age at which people can access their pensions from 55 to 57 in 2028. This means that if you…
Date posted: 4th Sep 2020
Class 2 National Insurance Contributions (NICs) are currently paid at the rate of £3.05 per week by self-employed earners. A person who is liable to Income Tax on…
Date posted: 3rd Sep 2020
HMRC’s CJRS fraud reporting portal had received over 2,000 reports of wrongful claims. Examples of such wrongful claims include; Claiming furlough payments for staff who are continuing to…
