Uniform Tax Rebate
Uniform Tax Rebate Are you one of the many employees missing out on the Uniform Tax Rebate? Do you wear a uniform at work which you wash, repair and/or replace yourself? If the answer is yes, you may be eligible…
New HMRC VAT late payment penalty and interest charge scheme
Prepare for upcoming changes to HMRC's VAT late payment penalty and VAT interest charges As of November 2022, all VAT-registered businesses were required to submit their returns via Making Tax Digital software. In line with this, from 1st January 2023,…
Capital Gains Tax on Sale of Property
All you need to know about Capital Gains Tax on the sale of property in the UK. Are you selling a property in the UK? Do you know how to report the sale of a house if it is liable…
MTD for Income Tax – your questions answered
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…
Business Asset Disposal Relief (BADR)
Are you thinking of selling all or part of your company or have you decided to close the business entirely? If yes, you may be eligible for Business Asset Disposal Relief. What is Business Asset Disposal Relief (BADR)? When you…
Financial advice when buying a holiday home in the UK
Are you thinking of buying a holiday home in the UK? One of the first things you should do before making your purchase is to take expert financial advice. The thought of buying a holiday home, promoting it and getting…
Simplified tax reporting for self-employed and small businesses
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…