News

Capital gains tax reporting – increase in declaration time

Capital gains tax reporting – increase in declaration time

Date posted: 16th Dec 2021

As a reminder, the sale of a residential property that produces a tax charge (e.g. buy to let property sale, second home, inherited property etc) needs to be…

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HMRC paperwork – we don’t always get copies!

HMRC paperwork – we don’t always get copies!

Date posted: 16th Dec 2021

We receive many calls from clients asking whether a letter they have received from HMRC is correct. This could be a change in PAYE code, a refund notice…

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Reporting Covid-19 Support Payments

Reporting Covid-19 Support Payments

Date posted: 15th Dec 2021

If you are self-employed and you received Covid-19 support payments during the pandemic, you will need to report these on your Tax Return. If you are an employee…

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Rewarding employees – be aware of the tax risks if you are gifting shares!

Rewarding employees – be aware of the tax risks if you are gifting shares!

Date posted: 15th Dec 2021

Given the ongoing shortage of employees that appears to be facing every sector in every industry, there can be a temptation to simply gift shares in the employing…

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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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Christmas Tax Advice For Businesses

Christmas Tax Advice For Businesses

Date posted: 9th Dec 2021

Clive Owen LLP is warning businesses not to fall foul of the tax man this Christmas.  Seasonal gifts, including the staff Christmas party, can attract a tax bill…

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