More recent posts
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Capital Allowances Changes
If you are looking to change your company car in the New Year, you should be aware that changes are being made to the tax relief available to…
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Retirement age buy-to-let investors urged to seek tax advice
Recent pension freedoms appear to be driving a new generation of potential buy-to-let investors, who view this as a viable way of funding their retirement. However, would be…
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Taxpayers urged to double-check simple assessment notices
HM Revenue & Customs (HMRC) have recently started to rollout Simple Assessment notices to many taxpayers, this is a pre-calculated notice of tax due which negates the need…
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Making Tax Digital – New proposals on VAT
On 13 July 2017 the Government announced that Making Tax Digital for VAT will come into effect from April 2019. From that date, businesses with a turnover above…
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HMRC’s Worldwide Disclosure Facility
The Worldwide Disclosure Facility (WDF) is currently available to disclose a UK tax liability that relates wholly or in part to an offshore issue. For example, this may…
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Corporate residence for tax
Whether or not a company is UK tax resident is naturally a matter which is of some interest to HMRC. Companies who are incorporated in the UK are…
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Trust Register
HMRC’s new Trust Register has now been launched. The new Trusts Online Service is the portal for trustees to provide HMRC with information required for the Register, such…
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Next steps on the Finance Bill and Making Tax Digital
Ministers have confirmed a new timetable for Making Tax Digital. Whilst Making Tax Digital should provide businesses with a modern, streamlined system to assist with updating tax records…
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Capital Gains Tax: HMRC rescinds daily penalties for non-UK residents late filing
HMRC have recently said to the Institute of Chartered Accountants in England and Wales (ICAEW) that it has decided not to charge daily penalties for failure to submit…