Insights & Articles

The replacement of domestic items relief has been in place since April 2016. The relief allows landlords to claim tax…

A business that incurs expenditure on taxable and exempt business activities is partially exempt for VAT purposes. This can happen…

The lifetime allowance is the maximum amount of pension and/or lump sum that benefits from tax relief. The lifetime allowance…

An employee can obtain a benefit when provided with an employment-related cheap or interest-free loan. The benefit is the difference…

1 July 2021 - Due date for Corporation Tax due for the year ended 30 September 2020. 6 July 2021…

The trivial benefits in kind (BiK) exemption applies to small non-cash benefits like a bottle of wine or a bouquet…

The dividend tax allowance was first introduced back in 2016 and replaced the old dividend tax credit with an annual…

The Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with…

The VAT DIY Housebuilders scheme is a special scheme that enables someone building their own home to benefit from special…

There are two types of National Insurance contributions (NICs) payable by the self-employed. These are known as Class 2 NICs…

There are various methods at your disposal to reduce or delay the amount of Capital Gains Tax (CGT) when you…

There is usually no Capital Gains Tax (CGT) to be paid when you sell your main family residence (referred to…

There are special rules which limit the ability to change your company’s year end date. A company’s year end date…

Historically, the term bed and breakfasting (sale and repurchase) of shares referred to transactions where shares were sold and then…

VAT retail schemes are a special set of schemes used by retail businesses to account for VAT. The schemes are…

There are special rules that must be followed when you sell an asset on which capital allowances have been claimed.…

Distance selling is the term used to describe supplies of delivered goods from one EU Member State to a customer…

The cash basis scheme helps sole traders and other unincorporated businesses benefit from a simpler way of managing their financial…