Readers will be relieved to note that their professional advisors and other interested organisations, have recently lobbied HMRC to temper their agenda for making tax digital (MTD).
In case…
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Nov 16, 2016
Readers will be relieved to note that their professional advisors and other interested organisations, have recently lobbied HMRC to temper their agenda for making tax digital (MTD).
In case…
Nov 04, 2016
From 1 January 2016, the AIA was increased to an annual limit of £200,000. Unlike previous changes, this is a permanent increase.
The…
Nov 03, 2016
We have received enquiries from a number of clients, concerned that HMRC is going to try and tax them for the small amounts of cash that they make from pursuing hobbies. For example, buying and selling…
Nov 03, 2016
It may be possible to delay paying Capital Gains Tax (CGT) if you sell a business asset that is subject to a charge to CGT, but you use all or part of the proceeds to buy new business assets. The…
Nov 03, 2016
The length of time you need to keep tax records depends on the types of income you earn and the types of tax you are paying. A list of time limits is set out below:
Income Tax and…
Nov 03, 2016
From 6 April 2013, the total amount of certain Income Tax reliefs that can be used to reduce your total taxable income is limited to £50,000, or 25% of your adjusted total income, if higher.
The…
Nov 03, 2016
1 November 2016 - Due date for Corporation Tax due for the year ended 31 January 2016.
19 November 2016 - PAYE and NIC deductions due for month ended 5 November 2016. (If you pay…
Nov 01, 2016
Prime Minister Teresa May was full of praise for the announcement from Nissan, and its continuing investment in their Sunderland plant, earlier this week. She said:
This is fantastic…
Oct 27, 2016
If you are obliged to file a self-assessment tax return for 2015-16, and if you have underpaid tax for this year, and if some of your income (including…
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