Money Laundering

May 07, 2019

HMRC has published a list of businesses that have not met their obligations under the Money Laundering Regulations.

As a supervisor of the Money Laundering Regulations HMRC has a duty to publish…

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'Flexible extension' to Article 50

May 07, 2019

Business groups, including the British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI), have commented on the six-month 'flexible' extension of Article 50, granted to the…

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Scottish Air Departure Tax plans further delayed

May 07, 2019

The Scottish government has further delayed its plans to replace Air Passenger Duty (APD) with Air Departure Tax (ADT). The plans to introduce ADT have been delayed beyond 2020.

In 2016, as…

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Do you manage your own VAT returns?

May 02, 2019

Unless you opt to register, or use, one of the available VAT special schemes, you are likely paying VAT to HMRC once a quarter based on the difference between the VAT added to your sales invoices less…

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Expenses you can set-off against rental income

May 02, 2019

The expenses you claim against your property income will need to follow the usual HMRC ruling that the costs must be incurred wholly and exclusively for the purpose of renting out the property.

An…

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Can you change a will after death?

May 02, 2019

On the face of it, this sounds implausible. How can you change your will if you have died?

In reality, as long as any beneficiaries left worse off after any change, agree, you can change a person’s…

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Income Tax - regional differences

May 02, 2019

You will pay Scottish Income Tax if you live in Scotland, Income Tax if you live in England or Northern Ireland and the Welsh Income Tax if you live in Wales.

At present, the only regional variations…

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Do not forget the payslips

May 02, 2019

If you are an employer, you have a statutory duty to provide your employees with a copy of their P60 (pay and tax details for 2018-19) on or before the end of May 2019.

If you distribute P60s…

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Tax Diary May/June 2019

May 02, 2019

1 May 2019 - Due date for Corporation Tax due for the year ended 30 July 2018.

19 May 2019 - PAYE and NIC deductions due for month ended 5 May 2019. (If you pay your tax electronically the due…

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