Could you claim a tax refund

Oct 26, 2017

If one party to a marriage or civil partnership has earnings below the personal tax allowance (£11,500 for 2017-18) and their spouse does not pay tax at the higher 40% rate, then they should be claiming…

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Gazumping to become a thing of the past

Oct 24, 2017

The government seems to be taking steps to streamline the process of buying and selling your home. In particular, they are seeking views on ending the practice known as gazumping: where an offer can…

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Not so trivial benefits

Oct 18, 2017

According to HMRC you don’t have to pay tax or NIC on a benefit provided to an employee if:

  • it costs you £50 or less to provide (or the average cost per employee if a benefit is provided…

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Are you lending money to your company

Oct 17, 2017

There is a whole raft of legislation that seeks to penalise directors and shareholders if they borrow money from their company. These regulations include possible benefit in kind charges for the director/shareholder,…

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Bookkeeping in the cloud

Oct 13, 2017

Smaller business owners, those with annual turnover below the current VAT registration threshold (£85,000 for 2017-18), will be relieved to know that the impending digitisation of tax by HMRC will not…

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Avoid property fraud

Oct 12, 2017

Since September 2009, HM Land Registry has prevented 254 fraudulent applications being registered. The most common fraud is when someone pretends to be you and mortgages or even sells your property…

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Under 18s and tax

Oct 09, 2017

Children (under 18s) can earn up to £11,500 in the current tax year and pay no income tax. This is the maximum that can be earned during 2017-18 and will include earnings from all sources subject to…

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Self-employed and using your own car

Oct 03, 2017

There are two options if you use a car in your self-employed business for business and private purposes.

You can buy the car through your business, claim a capital allowance, and write off the…

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Tax legislation

Oct 03, 2017

Readers may be forgiven for finding the recent rash of announcements by HMRC, regarding possible changes to tax legislation, rather confusing.

On 8th September, we were informed that the remaining…

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