16Jul
Do you know the inheritance tax limits?
According to a recent survey by Canada Life, over two thirds of those whose estates may be liable for inheritance tax (IHT) are unaware of the threshold for the standard […]
Blog
13Jul
Holiday let qualifies for business property relief due to ‘exceptional service’
In the case of Executors of Joyce Graham (deceased) vs. HMRC, the First-tier tax tribunal (FTT) has ruled that a holiday letting business qualified for business property relief (BPR) for […]
04Jul
Shorter tax payment window for buy-to-let landlords from 2020
Owners of second homes and buy-to-let landlords are likely to have a shorter period to pay any capital gains tax (CGT) which arises on disposals, under planned changes from 2020. […]
03Jul
Making the most of R&D tax claims
Research & Development (R&D) tax claims are becoming more and more common – HMRC’s own statistics, as well as general noise in the market place, both suggest the same. Yet, […]
26Jun
HMRC has collected over 5m taxpayers’ voices without consent
HM Revenue & Customs (HMRC) has been accused of breaching data protection laws by collecting and storing more than 5m records of taxpayers’ voices without their permission through its telephone […]
22Jun
Magma retains Leicester Professionals’ Table Tennis Title
Last night saw the 2018 renewal of the HSBC organised Professionals’ Table Tennis tournament. First and foremost, it was a great evening, with generous support pledged for the chosen LOROS Charity. The […]
20Jun
Construction services to become subject to UK VAT reverse charge from October 2019
From 1 October 2019 a VAT reverse charge will apply in the UK to supplies of construction services. Draft regulations have been published for consultation, setting out the details. This […]
19Jun
P11D filing deadline is now close
Just to remind all employers, the deadline for submitting P11D forms to HM Revenue & Customs (HMRC) is 6 July. This is also the date by which employers must provide […]
18Jun
What happens if you do not report payroll information on time
HM Revenue & Customs (HMRC) will charge penalties if: your Full Payment Submission (FPS) was late you did not send the expected number of FPSs you did not send an […]
15Jun
Disguised remuneration settlement deadline
HM Revenue & Customs (HMRC) has extended the deadline to take advantage of a settlement opportunity by four months for contractors and others who have used disguised remuneration loan schemes. […]
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