More recent posts
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New advisory fuel rates from March
HM Revenue & Customs have announced new fuel rates for company cars, which apply to all journeys on or after 1 March 2018, until further notice. For one…
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R&D tax relief on reimbursed expenses
Companies can claim enhanced deductions against taxable profits for qualifying R&D expenditure. HM Revenue & Customs (HMRC) had previously stated that reimbursed expenses could not be included as…
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Implications of HMRC’s “IR35” victory
A former BBC presenter is facing a large tax bill after a recent tax tribunal ruled in favour of HMRC, following a five-year dispute. As the first IR35…
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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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Regional use of the EIS lags behind the South East
The EIS (Enterprise Investment Scheme) is designed to encourage investment into UK businesses and it is one of the only Government-backed tax incentive schemes open to SMEs and…
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Understanding the new rules for PILONs (Payment in Lieu of Notice)
A PILON is a payment made to an employee when their employment is terminated without notice (ie in lieu of the employee working through a notice period and…
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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…