New VAT Penalties from 1 January 2023 – What Are the Changes?
New VAT penalties from 1 Jan 2023 will be applicable to VAT Returns for an accounting period starting on or after 1 January. Click through to learn more.
How to Calculate Marginal Relief for Corporation Tax
Marginal Relief provides a gradual increase in the Corporation Tax rate between the small profits rate and the main rate. Click through to learn more.
Using a Pension Pot to Avoid Inheritance Tax
Using a pension pot to avoid Inheritance Tax is a very popular tax planning strategy allowing people to pass on their wealth to their loved ones
Tax on Giving Money to Children and Grandchildren Explained
Tax on giving money to children is a frequently asked question by our clients who are looking to support their children and grandchildren during this cost of living crisis. Tax on gifting money to children […]
EIS Scheme & CGT Reliefs – How Does it Work?
EIS Scheme & CGT reliefs are frequently asked questions by Investors who want to understand the capital gains aspects of the Enterprise Investment Scheme (EIS).
New Dividend Tax Rates from April 2023 – Dividend Allowance Cut in Half!
New Dividend Tax Rates from April 2023 – Dividend allowance cut in half. The proposed 1.25% reduction on the dividend tax rates was also cancelled!
HMRC Letter for Undisclosed Rental Income – What Should You Do?
Have you received an HMRC letter for undisclosed rental income? If yes, please get in touch with us to discuss your options and how we can help you.
Autumn Statement 2022 – Which taxes have increased?
Autumn Statement 2022 is set to confirm significant tax rises and public spending cuts as the government is trying to recover from its disastrous Mini-Budget that was announced in Sep 2022.
New Reporting Requirements for Landlords Under MTD ITSA
New reporting requirements for Landlords from April 2024 have been confirmed by HMRC which will affect anyone earning more than £10,000 from property rental.
New VAT Penalties & Interest Charges from 1 January 2023
For VAT periods starting on or after 1 Jan 2023, the default surcharge will be replaced by new penalties if you submit VAT returns late or pay VAT late.
New VAT Error Correction Notice Online Form (VAT652)
HMRC launched a new VAT Error Correction Notice online form on 8 August 2022. Find out how to use the form to tell HMRC of any errors in your VAT return.
Option to Tax Land and Buildings – How Can I Recover VAT on Purchase of Commercial Property?
Option to tax land and buildings is a mandatory prerequisite if you would like to recover the VAT charged by the seller on the purchase of a commercial property. Click through to learn more.
How Does VAT Cash Accounting Scheme Work?
VAT Cash Accounting Scheme is very popular with small businesses due to the cashflow benefits it offers. Click through to learn how it works!
Mini Budget September 2022 – Which Taxes Have Been Cut?
Chancellor Kwasi Kwarteng has announced the biggest tax cuts for individuals and businesses in 50 years, including a permanent stamp duty cut!
Leasing an Electric Car Through a Limited Company
Leasing an electric car through a Limited Company has become very popular due to the generous tax cut in the form of a 2% Benefit in Kind (BIK) rate on fully electric vehicles.
Let Property Campaign – HMRC Letter Targets Landlords with Undeclared Rental Income
Let Property Campaign is a long-running disclosure opportunity aimed at residential property landlords who need to bring their tax affairs up to date.