Do I need to file a UK tax return?
You may be asking yourself: do I need to complete a UK tax return? You may be on UK payroll, so why do you need to file a tax return, as you pay tax directly to HMRC each month? You may not even live in
You may be asking yourself: do I need to complete a UK tax return? You may be on UK payroll, so why do you need to file a tax return, as you pay tax directly to HMRC each month? You may not even live in
The key tax measure announcements include: Personal tax thresholds are frozen until 2022. Increases are promised in 2022, with a further freeze until 2026. From 2023 the Corporation Tax rate will increase to 25%. The current rate of 19% will continue to apply to small
The Chancellor, Rishi Sunak, has announced that for those who complete the purchase of a house or flat between 8 July 2020 and 31 March 2021, the first £500,000 of your acquisition price is exempt from stamp duty land tax. This applies whether or not
The Chancellor of the Exchequer has announced a new economic package to support jobs including a new Job Support Scheme which will apply from November. The Job Support Scheme is designed to protect viable jobs in businesses who are facing lower demand over the winter
This blog will discuss changes recently implemented by HMRC regarding Capital Gains Tax reporting requirements. As of 6 April 2020, a UK resident who disposed of a residential property in the UK making a gain which is liable to CGT only has 30 calendar days
From 6 April 2020 non-UK companies owning UK property became subject to UK corporation tax (CT) rather than income tax regime. This has several technical and tax consequences for Non Resident Landlords (NRL) which I will address in today’s blog. Practical changes in filing requirements
On 31 July each year, many individual and trustee taxpayers are used to making an income tax payment on account. Early in the COVID-19 pandemic, Rishi Sunak announced that these payments would not be payable in July 2020, instead being deferred and added to the
Companies House has announced that it will now automatically extend the deadlines for certain key statutory filing events, such as the filing of company accounts. This is a temporary measure on account of the Coronavirus outbreak. A three-month filing extension was announced from 25 March
Now that lock-down has eased and countries are slowly reopening the borders we all need and deserve a holiday. Nevertheless, you might still choose to use this opportunity to meet a client or join a conference during your vacation. The basic rule for an expense
There are many questions that we receive from VAT registered clients regarding the types of expenses that can be included in their VAT returns. A frequently asked question concerns entertainment expenses and whether these are reclaimable from a VAT perspective. This blog will highlight the