How to Obtain Overlap Relief Figure from HMRC

How to Obtain Overlap Relief Figure from HMRC?

Published on 16/09/2023

Overlap Relief can be used in the 2023 to 2024 tax year if your accounting…

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HMRC Has Reopened Self-assessment Helpline

HMRC Has Reopened Self-assessment Helpline

Published on 09/09/2023

The three-month closure of the HMRC self-assessment helpline underlines the resourcing problems at HMRC and it was a  ‘massive inconvenience’ for taxpayers.

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ULEZ Fees: Tax-deductible Expense for Sole Traders

ULEZ Fees: Tax-deductible Expense for Sole Traders

Published on 02/09/2023

ULEZ fees are a tax-deductible expense for sole traders and self-employed taxpayers when they submit annual tax returns for business-related journeys.

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Non-resident Landlords Scheme (NRLS) - How to Apply?

Non-resident Landlords Scheme (NRLS) – How to Apply?

Published on 26/08/2023

Non-resident Landlords Scheme allows non-resident landlords to apply to HMRC for approval to receive rental income with no tax deducted.

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VAT on Payments Made on Behalf of Customers - Disbursement vs Recharges

VAT on Payments Made on Behalf of Customers – Disbursement vs Recharges

Published on 19/08/2023

VAT on payments made on behalf of customers has to be ascertained based on whether it’s a disbursement or a recharge of costs to the client. Click to learn more.

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How to Request a Certificate of Residence from HMRC?

How to Request a Certificate of Residence from HMRC?

Published on 12/08/2023

How to request a Certificate of Residence from HMRC has been one of the most frequently asked questions by clients these days. Click to learn more!

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How to Claim the Residence Nil Rate Band for Inheritance Tax?

How to Claim the Residence Nil Rate Band for Inheritance Tax?

Published on 05/08/2023

The Residence Nil Rate Band (RNRB) is used to reduce the inheritance tax if the value of the estate is worth more than the basic inheritance tax threshold.

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When Should You Use the VAT Domestic Reverse Charge

When Should You Use the VAT Domestic Reverse Charge

Published on 29/07/2023

Discover when to use the VAT Domestic Reverse Charge, applicable to most supplies of building and construction services.

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Voluntary National Insurance Contributions - Deadline Extended to April 2025

Voluntary National Insurance Contributions – Deadline Extended to April 2025

Published on 22/07/2023

Voluntary National Insurance contributions payment deadline has been extended to April 2025. Find out additional details!

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Gifts with reservation of benefit get caught out by the GWR legislation

IHT Planning – Don’t Get Caught Out by Gifts with Reservation!

Published on 15/07/2023

Gifts with Reservation (GWR) legislation was introduced in 1986 to avoid individuals making gifts with strings attached. Click through to learn more.

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