Delay to rise in probate fees

Apr 07, 2019

The government has delayed its planned increase in probate fees indefinitely.

The delay has been attributed to 'pressure on Parliamentary time' caused by Brexit debates and votes.

The…

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Update on Structures and Buildings Allowance

Apr 07, 2019

Chancellor Philip Hammond delivered the Spring Statement on Wednesday 13 March 2019 amidst all the Brexit debates.

In his speech the Chancellor provided an update on the economy and responded…

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Call for tax on social media businesses

Apr 07, 2019

A group of MPs has called on the government to tax the profits of social media businesses.

The All Party Parliamentary Group (APPG) on Social Media and Young People's Mental Health and Wellbeing…

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Changes to income tax for 2019/20

Apr 07, 2019

The new tax year brings changes to income tax bands and allowances.

The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal…

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HMRC wins disguised remuneration avoidance case

Apr 07, 2019

HMRC has won a legal case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able to collect more than £40 million in unpaid taxes. 

The scheme in…

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What will HMRC avoid telling you?

Apr 05, 2019

There are three things that you can count on that HMRC will do:

  1. Calculate the amount of tax you owe based on the information they have gathered.
  2. Chase you for payment of this…

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Retaining business records

Apr 03, 2019

Sole traders

If you are self-employed, and obliged to submit a self-assessment tax return, you must keep your tax records for at least five years after the 31 January submission…

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Spring Statement March 2019

Apr 03, 2019

The following comments were written on the 13th March 2019 immediately following Philip Hammond’s presentation of the 2019 Spring Statement to Parliament. In theory, the government uses the Spring Statement…

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BREXIT update

Apr 03, 2019

The last few weeks have seen some of the most extraordinary political manoeuvrings in the UK parliament, and as we complete the edit of this article, the EU parliament seems to have given us a few extra…

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