More recent posts
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Highlights of the 2018 Spring Statement
13 March 2018 marked the first ever Spring Statement, which has replaced the Spring Budget. The main purpose of the Spring Statement was not to announce immediate tax…
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Many landlords still confused by tax changes as the end of the tax year approaches
Summer Budget 2015 announced changes to the way in which some landlords of residential property get tax relief for their mortgage interest and other finance costs. The…
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Stamp Duty Land Tax
The pace of house price rises may be slowing, but more and more homebuyers are having to pay stamp duty land tax (SDLT). HM Revenue & Customs…
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Important Information for Trustees – does your Trust need to be registered by 5 March?
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26 June 2017; these Regulations bring the EU’s Fourth…
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Empty Dwelling Renovation
Contractors carrying out the renovation of dwellings that have been empty for two years or more can still apply the VAT reduced rate of 5%. Although this has…
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Record 10.7 million taxpayers filed tax returns before deadline
According to HMRC, a record 10.7 million taxpayers submitted their tax returns before the 31 January deadline; however, over 758,000 people cut it fine, leaving it to…
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Penalties for late filed returns – are they valid?
Every year, shortly after the 31 January personal tax return filing deadline, the HMRC “late filing penalty” launch begins. Some are valid, many are not, but nearly all…
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Do you know the best way to pay yourself?
Something worth considering before the end of the tax year on 5 April 2018! Directors are able to pay themselves from their limited company in the form of…
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HMRC announce top excuses for missing the tax return deadline
‘My wife was seeing aliens and wouldn’t let me in the house’ has been reported by HM Revenue & Customs (HMRC) as being one of the worst tax…