Blog

Gifts to spouse or charity

There is usually no Capital Gains Tax (CGT) to be paid on the transfer of assets to a spouse or ...
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Change to off-payroll working rules

A welcome change to the implementation of the new off-payroll working rules has been announced. The Government has confirmed that ...
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Review occupancy for Holiday Lets owners

The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a ...
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Checking your NIC records

HMRC offers an online service to check your National Insurance Contributions (NIC) record online. In order to use the service, ...
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Still time to utilise annual tax-free allowance

We would like to remind our readers that there is still time to use the annual exemption for Capital Gains ...
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Scottish Income Tax rates announced 2020-21

Public finance minister Kate Forbes delivered her first Budget statement to the Scottish Parliament on 6 February 2020. This followed ...
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Breathing space to help those in debt

HM Treasury has confirmed that the new 'breathing space' scheme to help those with problem debts will become operational next ...
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Reviewing clients using VAT Flat Rate Scheme

If you have clients that have been adversely affected by the new 'limited cost trader' test that was introduced on ...
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Reminder of important CGT change from April 2020

A major change to the way Capital Gains Tax (CGT) is reported and paid will come into effect from 6 ...
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Points to consider during transition period

Now that the formal Brexit withdrawal agreement is agreed, there will be changes to the rules for living, working, travelling ...
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Did you miss the Self-Assessment deadline?

Are you among the over 958,000 taxpayers that missed the 31 January 2020 filing deadline for 2018-19 Self-Assessment returns? If ...
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Travel to EU during transition period

For the time being, travel between the EU and UK continues as before. This means that if you have any ...
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Farm payments during the transition period

The Chancellor recently announced that the level of funding for direct payments for farmers would continue for 2020 at the ...
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Changes to NIC from April 2020

The Chancellor, Sajid Javid, has confirmed that a Conservative manifesto promise to increase the National Insurance contributions (NIC) thresholds to ...
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Still time to plan for tax year 2019-20

As the deadline for submitting your 2018-19 tax return has passed, now is a good time to focus on the ...
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Tax Diary February/March 2020

1 February 2020 - Due date for Corporation Tax payable for the year ended 30 April 2019. 19 February 2020 ...
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Transporting goods out of the UK by road to or through the EU

HMRC has published a useful list to help businesses transport goods commercially when driving from the UK to or through ...
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Exporting goods to EU after 31 January 2020

In tandem with the list for importing goods, HMRC has published a useful list to help businesses be prepared to ...
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Importing from EU after 31 January 2020

HMRC has published a useful list to help businesses be prepared to import goods from the EU to the UK ...
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Brexit coin issued

The Government has announced that a new 50 pence coin entered into circulation on 31 January to mark the UK’s ...
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Reminder to keep company records

A recent County Court case serves as an important reminder to comply with the requirements to preserve and maintain proper ...
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New tax deadline for property sales

The 6 April 2020 will see a seismic change in the deadline for UK residents that sell a residential property ...
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New taskforce to target waste criminals

A new taskforce has been launched to tackle serious and organised waste crime, such as dumping hazardous materials on private ...
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Scottish 2020 Budget

Derek Mackay, Scotland’s finance secretary has announced that the Scottish Government’s Budget will be published for 2020-21 on 6 February ...
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