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.
Homeworking expenses claim
Q. I’m now working from home since the outbreak of coronavirus (COVID 19), Can I submit a homeworking expenses claim? A. In short, the answer is yes but there are conditions that need to be met. I […]
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 […]
Allowable expenses for Self Assessment tax return
Got a Self Assessment tax return to fill in but not sure what your business can claim back? Understanding what your allowable expenses are, as HMRC calls them, can really help your business. This is […]
Rent a room scheme
What are the tax implications for renting out your own property? The basic position is that income from renting out property is taxable. However, rent a room (RaR) relief allows you to earn up to […]
Rent Out My Parking Space (Driveway, Field or Land) – TAX FREE
If you have a driveway, field or land that can be utilised for parking then you may well have an excellent opportunity to earn some income, TAX-FREE!