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VAT Penalties
If you pay your VAT late to HMRC, even one day late, your card will be marked for a VAT penalty called a ‘default surcharge’.…
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Non-Resident Landlords
If you leave the UK and let your property here, your letting agent (or the tenant where there is no agent) should deduct basic rate…
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CGT on Home Developments
Your main home is exempt from capital gains tax when you sell it, but only if you bought the property with the intention of living…
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Partly-Exempt Businesses
If your business supplies some goods or services which carry VAT, and other items which are exempt from VAT (such as charitable events and financing),…
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Disguised Employment
The Government is cracking down on situations in which workers are treated as self-employed for tax purposes, and hence pay low amounts of NICs, but…
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Capital Allowances on Fixtures
There are a number of capital allowance claims firms targeting businesses which have recently bought or sold commercial property. These ‘experts’ suggest the business needs…
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New RTI Relief
Have you been struggling to send full payment summary (FPS) reports under RTI to HMRC on or before the days on which your employees are…
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Autumn Statement 2013
Welcome to our Autumn Statement edition of Tax Tips & News. In this analysis we have mainly concentrated on the tax measures that will directly affect…
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