Negligible value claims for shares
What are negligible value claims for shares and why do they matter to you? Have you purchased shares in a company which have ended up being worthless whilst you have owned them? If yes, you may be able to make…
What are negligible value claims for shares and why do they matter to you? Have you purchased shares in a company which have ended up being worthless whilst you have owned them? If yes, you may be able to make…
Have you paid your tax liability for the year ended 5 April 2023? This a reminder that any unpaid Self-Assessment tax for the year ended 5 April 2023 is due by 31 January 2024. If your total liability was over…
Do you have fee protection insurance in place? If not, read on so you are prepared. Did you know every year HMRC undertake a reported 300,000 compliance checks on self-assessment tax returns? And did you know they can do checks…
Don’t fall into the trap of paying your simple assessment tax bill twice. Small business owners aim to keep their tax bills as low as possible but this year, many using simple assessment are ending up paying twice! The reason…
Whilst MTD for Income Tax is not due to come into force until 2024, many questions are being asked already by those getting prepared for the changes now. Below are our answers to some key questions. If you don’t find…
Making Tax Digital for VAT registered businesses for businesses above the VAT threshold of £85,000 has been compulsory since 2019. However, from November 2022, all VAT-registered businesses must comply with Making Tax Digital (MTD) and submit returns using MTD-compatible software.…
The self-assessment deadline is just about upon us on 31st January and yet according to HMRC, more than 4 million are still to file their 2020 to 2021 Self Assessment tax return. Whilst HMRC has provided a one-month penalty waiver…
Here is a reminder to set up a self serve time to pay arrangement with HMRC if you are unable to pay your self-assessment liability. The current limit for a self-serve time to pay arrangement, which was increased during the…
The Let Property Campaign and all you need to know The Let Property Campaign applies to you if you are an individual landlord and have received rental income that you have not declared to HMRC. If this does apply to…
A simplified tax reporting system may be coming into play after HMRC announces proposed radical changes to the way businesses are taxed Under the current system, tax returns filed by the self-employed, sole traders and partnerships are based on a…