Staff summer event – tax issues?
Date posted: 9th Aug 2023
Employers may meet the cost of certain social events for staff without creating a tax liability. This used to be a concession but is now a statutory exemption…
Date posted: 9th Aug 2023
Employers may meet the cost of certain social events for staff without creating a tax liability. This used to be a concession but is now a statutory exemption…
Date posted: 9th Aug 2023
Tax-Free Childcare (TFC) accounts can be used to pay for approved childcare for children aged 11 or under, or 16 if the child has a disability. This can…
Date posted: 9th Aug 2023
If you make VATable supplies, you will need to register for VAT if your taxable turnover reaches the VAT registration threshold. The VAT registration threshold is currently set…
Date posted: 9th Aug 2023
If you let out a property, you can deduct certain expenses that you incur when working out your taxable rental profit. Some common expenses claimed, include: 1.Letting agency…
Date posted: 8th Aug 2023
HMRC have sent out ‘One to Many’ nudge letters to taxpayers who they believe may have claimed Business Asset Disposal Relief (BADR) in excess of the lifetime limit….
Date posted: 8th Aug 2023
The research and development (R&D) tax relief regime changed in April 2023 with the changes to the rates of relief and tax credits that can be claimed. In…
Date posted: 8th Aug 2023
We are often asked questions on capital gains tax and when and how to report any taxes due. Capital Gains Tax arises from the sale of a capital…
Date posted: 8th Aug 2023
Over the years we’ve all become familiar with the Annual Investment Allowance which has allowed businesses to write off certain capital expenditure, in full, for tax. This Allowance,…
Date posted: 2nd Aug 2023
Clive Owen LLP prides itself on being an active member of the local community. Since the Middlesbrough office opened in 2021 it has helped several good causes including Middlesbrough Foodbank with a drop – off point for colleagues to donate much-needed food items and supported the Teesside Erimus Man vs Fat football team.
Date posted: 1st Aug 2023
A group of North East businesses have voted for a rise in interest rates by a majority of 4-2, voting for a 0.25% increase. The group highlighted factors…
