21-01-2021
Government help for people in debt
New government proposals have been published that look at further extending debt solutions to help more people suffering from problem debts. The proposals specifically look at … read more
21-01-2021
Online tax payment plans
New figures published by HMRC have revealed that some 25,000 taxpayers have set up an online payment plan to manage their tax liabilities spreading payments of £69 million for up … read more
21-01-2021
Tax when you sell shares
Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% when you sell shares unless they are in a CGT free wrapper such as an ISA or pension.
If you only pay … read more
21-01-2021
Tax returns filing deadline is fast approaching
The approaching deadline for submitting 2019-20 Self-Assessment tax returns online is 23:59 on Sunday, 31 January 2021. The filing deadline is not just the final date for … read more
21-01-2021
Simplified expenses motor vehicles
There are simplified arrangements in place for the self-employed (and some partnerships) to claim a fixed rate deduction for certain expenses where there is a mix of business and … read more
21-01-2021
Striking companies from Companies Register
There are a limited range of circumstances when a company can request to be removed from the register (known as being struck off). For example, a voluntary strike off can be … read more
21-01-2021
Basics of CGT Rollover Relief
Business Asset Rollover Relief is a valuable relief that allows you to defer payment of CGT on gains made when you sell or dispose of certain assets and use all or part of the … read more
19-01-2021
Government tackles late payment to small firms
The Government has announced an overhaul of the Prompt Payment Code (PPC).
Under the new reforms, companies that have signed up to the PPC will be obliged to pay small businesses … read more
18-01-2021
Rights to regenerate
We will soon have the rights to turn derelict buildings into homes and community assets. In a recent press release the Ministry of Housing said:
The public will be able to convert … read more
14-01-2021
Rogue employers named and shamed for failing to pay minimum wage
139 employers, including some of the UK’s biggest household names, have been named and shamed in a government press release for failing to pay £6.7 million to over 95,000 workers … read more
14-01-2021
CJRS guidance on who can be furloughed
HMRC’s guidance on which employees can be placed on furlough using the Coronavirus Job Retention Scheme has been updated. The scheme will continue until at least 30 April 2021. … read more
14-01-2021
VAT Reverse charge for construction sector
A further reminder that new VAT rules for building contractors and sub-contractors will come into effect from 1 March 2021. The new rules were originally expected to commence from … read more
14-01-2021
Have you paid your Data Protection Fee?
The Information Commissioner’s Office (ICO) is the independent regulatory office in charge of upholding information rights in the interest of the public. Under the Data Protection … read more
14-01-2021
Tax and duties for goods sent from abroad
Following the end of the Brexit transition period new rules regarding tax and duty apply to goods sent to the UK from the EU. These changes are to ensure that goods from EU and … read more
14-01-2021
New IPO search facility
The Intellectual Property Office (IPO) is the official UK government body responsible for intellectual property (IP) rights including patents, designs, trademarks and copyright. … read more
14-01-2021
IHT Main Residence Nil Rate Band
The Inheritance Tax residence nil-rate band (RNRB) is a transferable allowance for married couples and civil partners (per person) when their main residence is passed down to a … read more
14-01-2021
Tax on an inherited private pension
Private pensions can be an efficient way to pass on wealth, but it is important to consider what, if any, tax will be payable on an inherited private pension. The person who died … read more
12-01-2021
Testing for international arrivals
Passengers arriving from all international destinations will be required to present a negative COVID-19 test result before departing for England to help protect against new strains … read more