Budget 2021 – Further Changes Explained March 23, 2021On 3 March 2021 the Chancellor delivered his 2021 Budget upon the backdrop of the current Covid pandemic, and the... Read More
Budget 2021: Stamp Duty Land Tax March 5, 2021Given the high take up of property purchases following the temporary increase of the 0% SDLT rate to £500,000 which... Read More
Budget 2021: Changes to Corporation Tax March 5, 2021In his Budget Speech on 3 March 2021 the Chancellor, Rishi Sunak, announced a number of changes to Corporation Tax.... Read More
HMRC refuse to move on filing deadline January 5, 2021Representatives from the professional accountancy bodies met with HMRC to urge them to move the 31 January 2021 filing deadline... Read More
Adversely affected business by coronavirus September 17, 2020Self-Employment Income Support Scheme What is an Adversely Affected Business? A taxable grant was payable to eligible self-employed individuals (and... Read More
COVID-19 Statutory Self-Employment Pay Scheme March 30, 2020On 26 March 2020, the Chancellor announced the following new measures to help self-employed businesses through the current Coronavirus pandemic.... Read More
Coronavirus update – Deferment of July 2020 Payment on Account March 27, 2020HM Treasury have recently released an update on the option for a taxpayer to defer their second Self-Assessment Payment on... Read More
What is IR35? February 12, 2020IR35 is a set of tax rules which form part of the Finance Act. The original part of legislation came... Read More
History of Goodwill December 9, 2019We are often asked for the various dates relating to amortising goodwill for tax in companies. So here is a... Read More
Pension Annual Allowance and the over 55s and Pensions Recycling November 8, 2019Since 6th April 2015 it has been possible for those over 55 to flexibly access their defined contributions pension schemes... Read More
Extension to Entrepreneurs Relief – Investors Relief October 25, 2019When Business Asset Taper Relief was abolished on 5 April 2008 and Entrepreneurs Relief succeeded from 6 April 2008 there... Read More
HMRC Challenges Private Sector Personal Service Companies (PSC) September 27, 2019By now you may have already heard that HM Revenue & Customs has written to around 1,500 PSC’s providing services... Read More
Structures and Buildings Allowance (SBA) July 3, 2019The Chancellor announced on 29 October 2018 the introduction of a new capital allowance for new on-residential structures and buildings... Read More
Taxation of Cryptoassets January 15, 2019HMRC updated the guidance on the tax treatment of cryptoassets, such as bitcoins, on 19th December 2018. The paper sets... Read More
Phoenixing Rules – Rising from the Ashes August 9, 2018FAQs – Phoenixing Rules A topic that is frequently asked about on our helpline relates to the Phoenixing Rules. “Phoenixing”... Read More
Taxation of Capital Gains July 30, 2018Taxation of capital gains – scope extended by HMRC HMRC extends the scope of the UK’s taxation of capital gains... Read More
