Why record business mileage

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…

Read more

Interest rates to fall

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…

Read more

15% corporation tax

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…

Read more

Business as usual

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…

Read more

Changes to business market place post Brexit

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:

  • If the sterling…

Read more

Sooner or later

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…

Read more

Business expenses you can claim

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,…

Read more

Transferring ISAs

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.

What you can transfer

You can transfer…

Read more

Bogus emails and now, bogus phone calls

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…

Read more

Sign up to our newsletter

Stay on top of what's happening, get information, and learn about our people.

Sign up