Holiday home tax crackdown
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Holiday home tax crackdown
Posted by Karen Jones on May 20, 2024

HMRC is currently undertaking a holiday home tax crackdown, opening investigations into owners it believes aren’t paying the correct taxes.

HMRC incorrectly refunds Class 2 NIC payments
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HMRC incorrectly refunds Class 2 NIC payments
Posted by Karen Jones on May 2, 2024

A glitch in HMRC’s systems has seen some Class 2 NIC payments wrongly refunded . Also, HMRC launches a new National Insurance online service.

VAT news – a Spring roundup
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VAT news – a Spring roundup
Posted by Karen Jones on April 22, 2024

In this blog we cover the latest VAT news, from changing registration thresholds to the final say on whether a marshmallow is VAT rated!

Millions to become higher rate taxpayers – will you be one?
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Millions to become higher rate taxpayers – will you be one?
Posted by Karen Jones on April 22, 2024

Millions of people are set to become higher rate taxpayers, thanks to a frozen personal allowance and wage increases. But can you avoid it?

The Rent a Room Scheme – a brief guide
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The Rent a Room Scheme – a brief guide
Posted by Karen Jones on April 12, 2024

Did you know that, if you rent furnished accommodation in your main home, you could earn £7,500 tax free under the Rent a Room scheme?

MTD ITSA – should you sign up early?
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MTD ITSA – should you sign up early?
Posted by Karen Jones on April 11, 2024

Although Making Tax Digital for Income Tax Self Assessment (MTD ITSA) won’t be mandatory for a while, you can sign up early. But should you?

Construction VAT Reverse Charge
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Construction VAT Reverse Charge
Posted by Karen Jones on April 10, 2024

Working as a contractor or subcontractor in the construction industry? Here’s what you need to know about the Construction VAT reverse charge.

IR35 tax rules changing – double taxation to end
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IR35 tax rules changing – double taxation to end
Posted by Karen Jones on April 4, 2024

From April 2024, IR35 tax rules are changing. Organisations facing penalties will no longer have to worry about ‘double taxation’.

How to reduce your Corporation Tax bill…
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How to reduce your Corporation Tax bill…
Posted by Karen Jones on March 29, 2024

We have devised a few suggestions on how to reduce your Corporation Tax bill. Forward Tax planning is key to reducing taxes.

What improvements are allowed for Capital Gains Tax?
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What improvements are allowed for Capital Gains Tax?
Posted by Karen Jones on March 25, 2024

If you improve an asset, you can deduct the cost from CGT. But what improvements are allowed for Capital Gains Tax?

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