Analysis of the CGT situation for LPR changes for landlords. In the October Budget, the chancellor announced changes which will impact on landlords’ capital gains tax position (where they are eligible for letting relief) from April 2020. These were: the final period exemption will be reduced from 18 months to nine months. However the final period exemption
Today we have published our latest letter on GOV.UK to help businesses that trade with the EU get ready to deal with customs in the unlikely event that the UK leaves the EU without a deal on 29 March 2019. This includes a version for businesses based in England, Scotland and Wales, and a separate version for
An overview and worked examples of Annual Investment Allowance (AIA). AIA is effectively a 100% first year allowance for business expenditure on qualifying plant or machinery. The general rule is that qualifying expenditure is: expenditure on the provision of plant or machinery wholly or partly for the purposes of a qualifying activity
There are different rules for what you have to report and pay depending on the type of expense or benefit you provide. We have online guidance for you – including: Expenses and benefits – trivial benefits: This webinar provides an overview of trivial benefits, including what they are, the conditions that have to be met to
Updated guidance from HMRC on active, non-active and dormant statuses. HMRC has recently updated its guidance on being ‘active’, trading and non-trading, and being dormant for new or existing companies and organisations. Active, trading and non-trading – what’s the difference? It is important you fully understand the different categories before advising clients,
If you run a VAT-registered business or are thinking of registering for VAT, there’s lots of ways to get help with a range of online support from HMRC. Here’s a selection: You can ask questions in our live webinars using the on-screen text box. VAT accounting schemes: This webinar covers the annual accounting scheme, cash accounting
From April 2019, VAT-registered businesses with a taxable turnover above the VAT registration threshold will be required to keep digital VAT business records and send returns using Making Tax Digital compatible software. Find out ‘How does Making Tax Digital for VAT affect you’ in this short video. For more on VAT records and returns, take a look
Today we published an updated version of the Partnership Pack on GOV.UK to help businesses plan for the unlikely possibility of a ‘no deal’ EU Exit. This builds on the previous version of the pack, published in October, and includes additional information about trade at the border from departments across government. The pack is for organisations, intermediaries
If you have signed up for the Croner Tax Wise Insurance then you are entitled to use their help lines; Remember as a Tax Investigation Insurance Partner, you have exclusive, unlimited access to our dedicated advice lines. Our 35 advisors are available to help you with general and specialist queries covering all aspects of: Tax VAT
Pilar came to the UK when she began working here in autumn 2002. She was born with Spanish domicile and intends to retire to Barcelona where she grew up. When she moved to the UK, she continued to keep a modest amount of savings in a deposit account in Spain. As she has sufficient income
Tax Return Online Services will be offering a MTD Vat return service which will allow you to submit your figures to us in your usual way and then we will be submitted them to HMRC using the software Tax Calc (this is the software presently used to file your Self-Assessment and Corporation Tax Returns). Unfortunately
Contents Sections that everyone needs to read Communication resources What to expect on day one of a ‘no deal’ scenario You can use this pack for your own contingency planning and to help your customers, members and clients to: think about how they will need to adapt their business to comply with new systems, processes
Are you an employer who provides expenses and benefits to your employees? We have a variety of online guidance available specifically for you. If you’re new to payroll or just need a refresher, let us help you with our short videos and live webinars. Here’s a taster of what’s available: You can ask questions using
https://www.bbc.co.uk/news/uk-politics-46017125
Want to know more about the business expenses you can claim for and where to put them on your tax return? We’ve got the help you need – when you need it. Here’s a selection of our online support, starting with this live webinar: How to show self-employed business expenses on your tax return Find
There’s more to payroll than you think – from calculating National Insurance for directors to dealing with various benefits and expenses. With a selection of short videos, online guides, live and recorded webinars, we have the help and support you need. We have an interactive online guide on ‘Becoming an employer’containing useful information about taking on
Your clients still have ongoing responsibilities after they’ve set up a pension Automatic enrolment is a continuing process for employers – it doesn’t end once they’ve put their staff into a workplace pension. Visit our website for further details. There are ongoing responsibilities your clients need to complete after they’ve submitted their declaration of compliance. To stay compliant, they
Our free webinar will tell you all about your clients’ ongoing responsibilities Join us for a live webinar at 2.30pm on 22 November, where our expert panel will be talking about some of the most important aspects of your clients’ workplace pensions responsibilities. Automatic enrolment is a continuing process for employers, and there are ongoing duties they
Spotlight on Umbrella companies from HMRC – The series of Spotlight publications on GOV.UK sets out HMRC’s view of arrangements that we believe are being used to avoid paying tax. We have recently published a new Spotlight on umbrella companies that warns people about umbrella companies that offer to reduce tax bills and increase take
Help yourself to this selection of online support – available when you are. HMRC’s YouTube channel has lots of short videos including ‘VAT record keeping’ and ‘How to submit your VAT return online’ Or you can catch up with this recorded webinar, ‘How to do your VAT return’, which shows you how to complete the online form if you
When you’re self-employed, it’s important to know how to keep good business records, budget for a tax bill and claim your expenses. Join HMRC’s live webinars to find out more. They’re designed for small businesses and they’re interactive, so you can ask questions using the on-screen text box. Car expenses for the self-employed This covers
Confused about Statutory Payments? Have a look at our online guide to ‘Statutory Sick Pay’ or try our free, interactive webinars where you can ask questions using the on-screen textbox: Statutory Sick Pay: We’ll show you what to do when an employee goes off sick, how to calculate Statutory Sick Pay and when to pay it. Choose a
We are delighted to announce the launch today of a brand new edition of our popular business tax guide: Small Business Tax Saving Tactics by Carl Bayley and Nick Braun This guide is a must read for all self-employed business owners (sole traders and partnerships). It contains 50 chapters of practical tax planning ideas. Even
Broaden your knowledge on employees’ expenses and benefits in kind with this selection of live and recorded webinars. Expenses and benefits – an introduction: This introductory webinar provides an overview of what expenses and benefits are, which are taxable or non-taxable, what records to keep and where to get more help. Choose a date and time
Underpayment of National Minimum Wage (NMW) tends to result from a series of errors commonly made by employers. In our new series of bite sized webinars we aim to help employers avoid those errors. The first three in the series, each under 10 minutes long, cover a particular type of error. Interns, work placements and the NMW