If you are self-employed, either as a sole trader or in partnership, and you use a business vehicle for private purposes, HMRC will seek to disallow any motoring costs, petrol etc., and capital allowances…
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Jul 26, 2016
If you are self-employed, either as a sole trader or in partnership, and you use a business vehicle for private purposes, HMRC will seek to disallow any motoring costs, petrol etc., and capital allowances…
Jul 19, 2016
In the immediate fall-out after the Brexit vote it was rumoured that interest rates would fall when the Bank of England Monetary Policy Committee (MPC) met on the 13th July. Following the…
Jul 13, 2016
George Osborne has floated the idea that the UK could reduce corporation tax to 15% or lower in an attempt to make the UK the place to do business. By making this surprise announcement at the beginning…
Jul 12, 2016
The hiatus continues. Both major political parties are locked into leadership issues and until these are resolved it is difficult to see in which direction the UK will take. Apparently, the present…
Jul 06, 2016
While we wait for the politicians to sort themselves out it may be prudent to reflect on the likely changes to the business market place post Brexit. For example:
Jul 04, 2016
Is it better to file your Self Assessment tax return as soon as possible after the end of the tax year?
You are not obliged to file your tax return for 2015-16, online, before the 31 January…
Jul 04, 2016
Basically, you can claim for most expenses that are incurred wholly and exclusively for the purposes of a trade. Unfortunately, most of the decision making by HMRC on this topic is guided by tax law,…
Jul 04, 2016
ISA investors may be interested to read the following guidance issued by HMRC regarding the transfer of ISAs from one provider to another.
You can transfer…
Jul 04, 2016
The “phishing” emails sent by nefarious individuals, purporting to be from HMRC, have now been joined by bogus phone calls.
We have received information that taxpayers are being called, apparently…
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