Capital Gains Tax on Sale of Rental Property
Capital Gains Tax is payable on the sale of second homes & buy-to-let properties. Find out how to report & pay CGT on the sale of rental property.
Sending Goods to the EU After Brexit: Changes & Impact On The UK
With the Brexit transition period over and a deal in place, there are a few changes you need to be aware of when sending goods from the UK to Europe.
VAT Domestic Reverse Charge for Building and Construction Services
Find out about the VAT Domestic Reverse Charge for supplies of building and construction services from 1 March 2021.
£4.6bn in New Lockdown Grants to Support Businesses Through the Latest National Lockdown
5 January 2021: Chancellor Rishi Sunak has announced £4.6 billion in new lockdown grants to help businesses through the latest national lockdown.
Coronavirus Job Retention Scheme Extended Until 30 April 2021
Coronavirus Job Retention Scheme (CJRS) extension: Chancellor Rishi Sunak has extended the furlough scheme for one month until the end of April 2021.
How to Pay Deferred VAT due to Coronavirus Crisis (COVID-19)
Businesses which deferred VAT due in March to June 2020, have the option to spread their payments over the financial year 2021/2022. How to apply.
Capital Gains Tax (CGT) Review & Indexation Allowance
Capital Gains Tax review may help landlords and second homeowners to cut their tax bills under new proposals for capital gains duties.
Worldwide Disclosure Facility (WDF): How to Settle Undisclosed Offshore Income, Gains or Assets
Learn how to use the Worldwide Disclosure Facility (WDF) to disclose a UK tax liability that relates wholly or in part to an offshore issue.
What Will Happen to UK Customs Duty After Brexit?
From 1 January 2021 goods arriving into the UK from the EU will be imports and goods sent from the UK to the EU will be exports in VAT terms.
How Will JSS Open and JSS Closed Work | Job Support Scheme
JSS Open & JSS Closed (1st November 2020): Eligibility criteria, conditions and timescales for making claims under the Job Support Scheme.
Tax on Rental Income: How to Report your Taxable Profits
If you rent out a property, you’ll need to pay tax on any profit you make. Learn how to work out your taxable rental profit and how to report it to HMRC.
Airbnb Share Letting Data with HMRC
Landlords should realise that HMRC will know about their lettings through Airbnb, so full disclosure of all their taxable property income is essential.
Check If You Can Claim the Job Retention Bonus from 15 February 2021
Find out if you’re eligible to claim the Job Retention Bonus and what you need to do to claim it between 15 February 2021 and 31 March 2021.
10 Effective Ways to Claim Tax Relief for Small Businesses
From business rates to VAT relief, we’ve pulled together 10 tax reliefs small businesses can claim to help you work out if you can reduce your tax bill.
Company loans: Things you need to know as a Director
Get closer to the intricacies of company loans. Can I lend money to my company? Most small companies start their trading activities by advancing funds via an informal ‘director’s loan’ that in most cases is […]