How to register a trust – act now to avoid a fine!
Posted by Ian Henman on October 6, 2022Did you know that many non-taxable trusts needed to be registered with HMRC by 1st September 2022? Register a trust now to avoid a fine.
IR35 reform scrapped: what it means for contractors
Posted by Karen Jones on September 29, 2022In the recent Mini Budget, the Chancellor announced that IR35 reform would be scrapped. When will this happen, and what will it mean for you?
Business mileage rate / tax on redundancy payments
Posted by Karen Jones on September 20, 2022In this news update we confirm the rules regarding the business mileage rate and look at the threshold for taxation of redundancy payments.
HMRC asking wealthy individuals for pre-filing meetings
Posted by Jon Pryse-Jones on September 8, 2022HMRC is writing to wealthy individuals asking them for a telephone meeting before they submit their tax returns. But should you take part?
CGT returns: thousands miss property reporting deadline
Posted by Jon Pryse-Jones on August 25, 2022Over the last two financial years, over 50,000 people have filed late CGT returns after selling a property. We look at why this is happening.
Recovery Loan Scheme extension for two years
Posted by Ben Locker on August 15, 2022The government recently announced a Recovery Loan Scheme extension until 2024. We explain how the scheme works and how you can apply.
Landlords: smoke and carbon monoxide alarm regulations have changed
Posted by Jon Pryse-Jones on August 4, 2022Did you know that new Smoke and Carbon Monoxide Alarm Regulations came into force in October 2022? We look at what it means for landlords
Got a pension? HMRC may owe you £3000+ in overpaid tax
Posted by Karen Jones on August 1, 2022If you have taken money from your pension pot, there’s a chance that HMRC could owe you over £3,000 in overpaid tax.
Paying taxes early? Be careful!
Posted by Karen Jones on July 28, 2022HMRC slapped fines on one business owner for paying taxes early. A tribunal overturned the penalties, but it pays to be careful!
Charities and VAT: HMRC changes definition of ‘business activity’
Posted by Karen Jones on July 14, 2022HMRC changed the way it defines ‘business activities’ sometime ago. This could have implications for organisations, charities and VAT liability.
