SEISS grants – are they taxable?
Date posted: 6th Apr 2021
In short, yes. However, the timing of the taxation of grants such as the self-employment income support scheme (SEISS) grants may be a little odd. The grants are…
Date posted: 6th Apr 2021
In short, yes. However, the timing of the taxation of grants such as the self-employment income support scheme (SEISS) grants may be a little odd. The grants are…
Date posted: 22nd Mar 2021
As discussed in prior years, we are now entering the annual reporting period for this Annual Tax on Enveloped Dwellings (“ATED”) charge which has a tax, and reporting,…
Date posted: 8th Mar 2021
In normal circumstances, individuals have up to four years to correct errors that result in an overpayment of tax. So 5 April 2021 is the deadline to claim…
Date posted: 8th Mar 2021
We are helping many new client’s declare previously undeclared income to HMRC. Such income could range from overseas income to UK rental income. We always advise new client’s…
Date posted: 8th Mar 2021
The government have announced that there will be a soft landing in respect of the changes in the IR35 rules from April 2021 – https://www.cliveowen.com/2021/02/ir35-back-on-the-agenda/ This essentially means that…
Date posted: 8th Mar 2021
Many businesses with trading premises are temporarily closed under the current COVID-19 lockdown. However, due to the lockdown, there are many new home-based enterprises that have started to…
Date posted: 8th Mar 2021
If you survey most people, they would expect that they would not pay any tax on the sale of their main home, if the property has been their…
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…
