The government have recently announced that they are to extend the criteria for an approved, and therefore tax-effective, cycle-to-work scheme as part of their drive to reduce pollution and CO2 emissions in urban environments.
E-bikes have an integrated motor that helps a cyclist...
6 months 2 weeks ago
It looks increasingly likely that we are heading for a no-deal Brexit. Taken literally, this means that our present relaxed trading relationship with customers and suppliers in the EU will cease at the end of October this year.
Whilst there will be attempts to ease customs...
6 months 2 weeks ago
1 July 2019 - Due date for Corporation Tax due for the year ended 30 September 2018.
6 July 2019 - Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs.
19 July 2019 - Pay Class 1A NICs (by the 22 July 2019 if paid electronically).
19...
6 months 2 weeks ago
New defensive controls recently deployed by HMRC have put an end to fraudsters spoofing the tax authority’s most recognisable helpline numbers.
Fraudsters have increasingly mimicked legitimate HMRC helpline numbers (often beginning with 0300) to dupe taxpayers and steal money. Last...
6 months 2 weeks ago
We are often asked to explain if the professional fees you pay, associated with a property transaction, are a tax allowable deduction.
The straight-forward answer is yes, they are, but it is necessary to consider the reason for which a property is purchased to determine which taxes...
6 months 2 weeks ago
The awkwardly named “Gift Hold-Over Relief” (GHOR) allows you to give away business assets – including certain shares – or sell them for less than they are worth, and not pay (or pay reduced) capital gains tax (CGT).
The person receiving the gift will potentially pay CGT when and if...
6 months 3 weeks ago
The Prompt Payment Code (Code) is not a fanciful device to access cash from bank machines or a way to secure automatic “prompt” payment from your customers.
The Code was actually set up by the Chartered Institute of Credit Management (CICM) on behalf of government in order to...
6 months 3 weeks ago
The dictionary definition of insolvency is less than illuminating, it is:
The state of being insolvent…
Listed synonyms provide more detail:
bankruptcy · liquidation · failure · collapse · ruin · financial ruin · ruination · pennilessness · penury · impecuniousness · beggary ·...
7 months 2 days ago
Although many of the tax office processes are automated, dealt with by computerised systems, the rest is managed by human beings each subject to the same range of foibles as the rest of us. And we all know how reliable computerised systems have proven to be.
If you are certain, or...
7 months 4 days ago
There is a sting in the tail for companies that provide their directors or employees with taxable benefits as part of their remuneration package.
Obviously, the directors or employees that receive the benefits will pay additional income tax if the benefits provided are chargeable to...
7 months 1 week ago
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VAT - leaving the Flat Rate Scheme https://t.co/uZQ85IuUEz -
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Keeping business records if self-employed https://t.co/w2DoeJW6Te
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Spousal CGT tax advantages https://t.co/tTsinF8RsK
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Minimum wage rates increase from April 2020 https://t.co/6Lst662jMs
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HMRC reflects on 2019 successes https://t.co/6z20F7CM4J
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High Street funding announced https://t.co/DfN2h4zrFS
