What is Bona Vacantia

Aug 25, 2016

Bona Vacantia is a Treasury Solicitor’s department that manages unclaimed estates. This includes not only the estates of individuals who die without any heirs, but also the residual assets of limited…

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Going digital

Aug 23, 2016

The government have backed down from their proposal to dump a new raft of compliance activity (red tape) on smaller businesses. In their efforts to digitise each businesses’ records with HMRC it was…

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HMRC wins major tax avoidance cases

Aug 18, 2016

One tax avoidance scheme, by Ingenious Film Partnership, tried to use artificial losses arising from investments in a range of movies, including the blockbusters Avatar, Life of Pi and Die Hard 4.

Users…

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Buy to let red tape

Aug 16, 2016

Beset by a range of potentially, disastrous tax changes (primarily the withdrawal of finance charges as an allowable deduction – reduced instead to a basic rate tax credit), landlords of buy-to let…

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We live in interesting times

Aug 11, 2016

The Bank of England’s Monetary Policy Committee voted on 4 August to reduce their base rate to 0.25%.

This is good news for individuals and businesses about to borrow money, as it should…

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Home based travel costs

Aug 10, 2016

Doctor Samadian works from home and has contracts with a number of private and NHS hospitals.

As he has a home-based office, from where he runs and administers his business, he has claimed…

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Good news for exporters

Aug 04, 2016

The UK’s 5 major high street banks have signed up to work with the new Department for International Trade to revolutionise the way businesses access international markets.

Barclays, HSBC,…

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Tax free Childcare

Aug 03, 2016

This new scheme will be rolled out to parents next year. The scheme will be made available gradually to families, with parents of the youngest children able to apply first. You’ll be able to apply…

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Tax Diary August/September 2016

Aug 02, 2016

1 August 2016 - Due date for Corporation Tax due for the year ended 31 October 2015.

19 August 2016 - PAYE and NIC deductions due for month ended 5 August 2016. (If you pay your tax electronically…

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