Company directors or any other person who has been appointed to a position by a company or organisation but doesn’t have a contract or receive regular payment as office holders are neither employees
Directors and National Minimum Wage Read More »
Businesses can claim a 100% first-year allowance (FYA) on the purchase of certain qualifying Plant and Machinery (P&M). The cash-flow benefit of accelerated tax relief is designed to encourage
What qualifies for First Year Allowances Read More »
Fraudsters are continuing to target taxpayers with scam emails in advance of the deadline for submission of Self-Assessment returns for the 2021-22 tax year. In fact, in the 12 months to August 2022,
SA taxpayers target for fraudsters Read More »
The Department for Business, Energy and Industrial Strategy has announced that the new UK subsidy regime will come fully into force from 4 January 2023 when the Subsidy Control Act 2022 takes
Flexible subsidies for businesses from 2023 Read More »
HMRC is reminding parents that they may be eligible for Tax-Free Childcare (TFC) to help pay for October half-term holiday clubs and wraparound care during the school terms.
The TFC scheme can help
Half-term help with childcare costs Read More »
A new VAT registration process known as the VAT Registration Service or VRS was made available to agents from 1 August 2022. The VRS had been in testing mode for the previous 18 months and was used by
New VAT Registration process for agents Read More »
In general, there is no Capital Gains Tax (CGT) on a property which has been used as a main family residence. This relief from CGT is commonly known as private residence relief.
However, there are
Private Residence Relief garden and grounds Read More »
The majority of gifts made during a person’s life are not subject to tax at the time of the gift. These lifetime transfers are known as ‘potentially exempt transfers’ or ‘PETs’. These gifts or
IHT gifts with reservation of title Read More »
Knowing how to register with HMRC for a new business is very important. When Carrie turned her dress-designing hobby into a business, she didn’t realise that she had to tell HMRC. Read how Green and Peter eased the stress and came up with a plan that saved her home. From hobby to pocket money Carrie
How to register with HMRC if you are a creative business Read More »
The Gift Aid scheme is available to all UK taxpayers. The charity or Community Amateur Sports Clubs (CASC) concerned can take a taxpayer’s donation and, provided all the qualifying conditions are met,
How Gift Aid Provides Tax Relief on Charitable Donations for UK Taxpayers Read More »