Payments on account – can you reduce these?
Date posted: 22nd Jan 2024
The deadline for filing your 2022/23 tax return is fast approaching (31 January 2024), as is the due date for any balance of tax due for 2022/23 and…
Date posted: 22nd Jan 2024
The deadline for filing your 2022/23 tax return is fast approaching (31 January 2024), as is the due date for any balance of tax due for 2022/23 and…
Date posted: 22nd Jan 2024
As part of the movement towards tax simplification, HMRC has advised that it will be mandatory to declare benefits-in-kind (BIKs) via the business payroll, from April 2026. At…
Date posted: 22nd Jan 2024
There can be money to be made buying a property in a dilapidated state, renovating it and selling it for a profit. However, when it comes to tax,…
Date posted: 22nd Jan 2024
HMRC believes that not everyone is paying the correct amount of tax, estimating what it terms as ‘the tax gap’ as being ‘4.8% of total theoretical tax liabilities,…
Date posted: 22nd Jan 2024
A furnished holiday let (FHL) is simply a house, anywhere in the UK or EEA, let to short term holidaymakers. It does not need to be in a…
Date posted: 11th Dec 2023
As you may be aware, HMRC are changing the rules in respect of how sole traders and partnerships report profit from a tax perspective. This change will impact…
Date posted: 11th Dec 2023
In October 2023 one of the most significant pieces of company legislation in recent history, came into being. The aim of the Economic Crime and Corporate Transparency Act…
Date posted: 11th Dec 2023
Christmas is the time for giving – but watch you don’t give a gift to the taxman if you decide to give away an asset this Christmas (or…
Date posted: 11th Dec 2023
As we near the end of 2023, we thought it may be appropriate to re-cap some of the main tax changes for 2023. Our initial thoughts were to…
Date posted: 4th Dec 2023
By Lee Watson, tax partner In my 20+ years working in tax (I know, I don’t look old enough….) some of the most frequent questions I get asked…
