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Who counts as CIS contractor or sub-contractor?The Construction Industry Scheme (CIS) is a set of special rules that affect tax and National Insurance for those working…
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Understanding Continuous EmploymentWhen a new employee is added to the payroll it is the employers' responsibility to ensure they meet the employees’…
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Tax Diary August/September 20211 August 2021 - Due date for Corporation Tax due for the year ended 31 October 2020. 19 August 2021…
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National Minimum Wage reminder for summer staffWe would like to remind any students and seasonal staff that work part time, for example in a summer job,…
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Tax if you divorce or separateIf you are a couple that is getting separated or divorced, apart from the emotional stress, there are also tax…
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Taxis: what is liable to VATHMRC sets out specific guidance regarding the application of VAT if you are in the taxi and private hire car…
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Inheritance Tax Business ReliefThere are a number of reliefs available that can reduce liability to IHT if you inherit the estate of someone…
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Income excluded from a property businessHMRC publishes a list of income streams that are excluded from a UK property business. The list includes fishing concerns,…
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Rent-a-room: letting as office accommodationThe rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home. The current…
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Card security updateVISA have issued information regarding changes to card processing security from September 2021. The idea is to reduce online fraud.…
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Stage 4 COVID roadmap implemented 19th JulyThe Prime Minister, Boris Johnson, spoke to the nation and confirmed that the vaccines have significantly weakened the link between…
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VAT – what you can and cannot reclaimFor most fully taxable businesses, VAT can be reclaimed on goods and services used in the business. This means that…
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Current Capital Gains Tax ratesCapital Gains Tax (CGT) is normally charged at a simple flat rate of 20% and this applies to most chargeable…
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OTS – making better use of third party dataThe Office of Tax Simplification (OTS) was established in July 2010, to provide advice to the Chancellor on simplifying the…
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Associated company rulesAs announced in the Budget earlier this year there will be two rates of Corporation Tax from 1 April 2023.…
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IHT – settled and excluded propertyA trust is an obligation that binds a trustee, an individual or a company, to deal with the assets such…
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VAT – which supplies does reverse charge apply toThe VAT domestic reverse charge accounting mechanism was put in place to help prevent criminal attacks on the UK VAT…
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Reporting foreign income for UK tax purposesIncome Tax is generally payable on taxable income received by individuals including earnings from employment, earnings from self-employment, pensions income,…
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