Keyword(s):

20-02-2020
Employer toolkit for EU Settlement Scheme published

Employer toolkit for EU Settlement Scheme published

Following Brexit, the government has published an updated toolkit for employers on how to support their employees who are EU citizens (including EEA and Swiss citizens) to apply to … read more

20-02-2020
Change to the off-payroll working rules

Change to the off-payroll working rules

As part of a review into changes to the operation of the off-payroll working rules (IR35), HMRC has announced that the changes will only apply to payments made for services … read more

19-02-2020
Could you claim the marriage allowance?

Could you claim the marriage allowance?

If you are entitled to the marriage allowance and have not yet applied, you could receive a payment of up to £1,150 from HMRC. HMRC used the occasion of Valentine’s Day … read more

19-02-2020
Budget date re-confirmed

Budget date re-confirmed

After a tumultuous few days in politics, it has been confirmed by the new Chancellor of the Exchequer, Rishi Sunak that the Budget will take place as planned on Wednesday 11 March … read more

19-02-2020
Tax if you return to the UK

Tax if you return to the UK

There are tax implications that you will need to consider if you previously left the UK to live abroad and are now returning to live and work in the UK or are considering such a … read more

19-02-2020
Rent a room relief 2019-20

Rent a room relief 2019-20

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home. The current tax-free threshold of £7,500 per year has been in … read more

19-02-2020
Student and postgraduate loans

Student and postgraduate loans

If you have a student loan, have finished your studies and entered the workforce you must begin to make loan repayments from the April after you have finished your studies or when … read more

19-02-2020
PAYE payment dates

PAYE payment dates

This article is a reminder to payroll staff about the electronic PAYE payment dates. The due date for electronic PAYE payments falls on the 22nd of the month and when a payment is … read more

19-02-2020
New bandings for electric vehicles

New bandings for electric vehicles

From 6 April 2020, the car and car fuel benefit calculations are changing with the introduction of 11 new bands for ultra-low emission vehicles (ULEVs) including a separate zero … read more

19-02-2020
IHT tenants in common or joint tenants?

IHT tenants in common or joint tenants?

As a general rule, Inheritance Tax (IHT) is collected from a person's estate when they die and can also be payable during a person’s lifetime on certain trusts and gifts. … read more

19-02-2020
A reminder – badges of trade

A reminder – badges of trade

The 'badges of trade' tests, whilst not conclusive, are used by HMRC to help determine whether an activity is a proper economic / business activity or merely a money-making … read more

12-02-2020
Breathing space to help those in debt

Breathing space to help those in debt

HM Treasury has confirmed that the new 'breathing space' scheme to help those with problem debts will become operational next year. The scheme will provide legal … read more

12-02-2020
Scottish Income Tax rates announced 2020-21

Scottish Income Tax rates announced 2020-21

Public finance minister Kate Forbes delivered her first Budget statement to the Scottish Parliament on 6 February 2020. This followed the shock resignation of finance minister, … read more

12-02-2020
Still time to utilise annual tax-free allowance

Still time to utilise annual tax-free allowance

We would like to remind our readers that there is still time to use the annual exemption for Capital Gains Tax (CGT). In the current 2019-20 tax year, this amounts to … read more

12-02-2020
Checking your NIC records

Checking your NIC records

HMRC offers an online service to check your National Insurance Contributions (NIC) record online. In order to use the service, you will need to have a Government Gateway account. … read more

12-02-2020
Review occupancy for Holiday Lets owners

Review occupancy for Holiday Lets owners

The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a trade for tax purposes.

In order to qualify as a … read more

12-02-2020
Change to off-payroll working rules

Change to off-payroll working rules

A welcome change to the implementation of the new off-payroll working rules has been announced. The Government has confirmed that the changes that come into effect April 2020 will … read more

12-02-2020
Gifts to spouse or charity

Gifts to spouse or charity

There is usually no Capital Gains Tax (CGT) to be paid on the transfer of assets to a spouse or civil partner. However, the gift is still treated as a disposal that has taken place … read more

Post a Comment

Your email address will not be published. Required fields are marked *

*

  • ABOUT US

    the accountancy practice kent logo

    The Accountancy Practice is a Kent based firm specialising in small and medium sized businesses. We provide a friendly, professional service and regard our smallest client as important as our largest.
  • Latest News

    20-02-2020
    Employer toolkit for EU Settlement Scheme published

    Following Brexit, ... read more

    20-02-2020
    Change to the off-payroll working rules

    As part of a review ... read more

    19-02-2020
    Could you claim the marriage allowance?

    If you are entitled ... read more

    More news

  • CONTACT US

    The Accountancy Practice
    10 Churchill Square
    Kings Hill
    West Malling
    Kent ME 19 4YU

    01732 897929

    Fax: 01732 897939
    info@theaccountancypracticeltd.co.uk


    Facebook
    Twitter
    Linkedin
  • Why choose us

    By working more closely with you than traditional accountants, The Accountancy Practice is able to gain a deeper understanding of your individual business needs. We are then on hand to support you with day to day issues and provide ongoing financial and taxation expertise. You can think of us as your virtual Financial Director.