by admin | Jan 2, 2020 | Uncategorized
Changes to Property Taxation – 2017 to 2020 2017 Income Tax – Restriction of finance costs for individual landlords In his 2015 post-election summer Budget, George Osborne informed residential landlords that from April 2017 their ability to claim higher...
by admin | Jan 2, 2020 | Uncategorized
Tax Return Tips The 2018/19 self-assessment tax return must be filed online by midnight on 31 January 2020 if a late filing penalty is to be avoided. What can you do to help ensure this deadline is not missed? Help us to help you The tax return season is a very busy...
by admin | Jan 2, 2020 | Uncategorized
Is the VAT flat rate scheme still worthwhile for limited cost businesses? The VAT flat rate scheme is a simplified VAT scheme for smaller traders which allows them to work out the VAT they pay over to HMRC as a fixed percentage of their VAT-inclusive turnover. The...
by admin | Jan 2, 2020 | Uncategorized
Off-payroll working – plan ahead for the changes The tax playing field is not a level one – the tax and National Insurance take where a worker is employed is higher than that where that worker provides his or her services through a personal service company...
by admin | Dec 2, 2019 | Uncategorized
MTD – announces more time for digital links…what does this mean? On 17 October HMRC made a much-welcomed announcement that some businesses will qualify for an extension to the MTD for VAT (MTDfV) existing twelve months ‘soft-landing’ period....
by admin | Dec 2, 2019 | Uncategorized
Beware the trivial benefits gift card trap The tax exemption for trivial benefits is a handy exemption as it allows employers to provide employees with low cost benefits tax-free. However, where the benefit is in the form of the gift card, it is easy to fall foul of...
