Check your tax calculation Each year HMRC undertakes a PAYE reconciliation for employed individuals who are not required to submit a tax return to check
VAT refunds for DIY builders If you build your own house or convert an existing property into a home, you may be eligible to apply
Curtailment of letting relief Landlords have been hit with a number of tax hikes in recent years, and this trend shows no signs of abating.
Private residence relief and the final period exemption From a capital gains tax perspective, there are significant tax savings to be had if a property
Using a SIPP to save for retirement A SIPP is a self-invested personal pension which is set up by an insurance company or specialist SIPP
Closing a business – when a member’s voluntary liquidation is beneficial Although it is possible to strike off a company and for distributions made prior
Inheritance tax and spouses and civil partners Special rules apply for inheritance tax purposes to married couples and civil partners. To ensure valuable tax reliefs
Government childcare scheme – tax-free top-up Working parents can receive a tax-free top up from the Government to help with their childcare costs. The top
Avoiding common errors when computing business profits HMRC produce a range of Toolkits for agents, which highlight errors commonly made in returns so that agents
Optimising tax-free benefits in family companies Making use of statutory exemptions for certain benefits-in-kind offers an opportunity to extract funds from a family company without
Timing dividends right could help save tax Timing the date of a dividend payment from a company can determine both the amount and the due
Are low emissions cars tax efficient? Significant changes are being made from 2020-21 to the company car tax benefits-in-kind bands affecting ultra-low emission vehicles (ULEVs).
Non-residents landlord scheme A non-resident landlord is a landlord who lets out property in the UK but spends more than six months in the tax
Property income receipts – what should be included? When calculating the profit or loss for a property rental business, it is important that nothing is
Using the property rental toolkit to avoid common errors in returns HMRC’s property rental toolkit highlights errors commonly found in tax returns in relation to
Student loan deductions Employers fulfil many collection roles for HMRC, one of which is the collection of student loan repayments. There are now three types
Penalties for late self-assessment returns The normal due date for a self-assessment return where filed online is 31 January after the end of the tax
Getting ready for off-payroll working changes From 6 April 2020 the off-payroll working rules that have applied since 6 April 2017 where the end client
Tax-free mobile phone Mobile phones are ubiquitous – they are also subject to a tax exemption which enables employees to enjoy a mobile phone provided
Electricity for electric cars – a tax-free benefit The Government is keen to encourage drivers to make environmentally friendly choices when it comes to choosing
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