Simple Assessment is a method by which HMRC can assess where additional Income Tax is due by a taxpayer.
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Insider Blog
Insights from our team of experts on issues that matter to you and your business
VAT supplies for no consideration
In most cases, a supply of goods or services for VAT purposes is deemed to have taken place in return for consideration.
Giving money to charity in your Will
A reduced rate of Inheritance Tax (IHT) of 36% (reduced from 40%) applies where 10% or more of a deceased’s net estate is left to charity.
The best and worst of British banks
Personal and small business current account holders were asked how likely they would be to recommend their provider to a friend
Access to cash to be protected
Recognising the need to maintain access to cash withdrawal facilities, the government is stepping in to set out a new access standard in the UK.
Claiming tax relief on employment expenses
If you are an employee that needs to buy substantial equipment to use as part of your employment you may be able to claim tax relief.
Let Property Campaign
The Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad
Overview of private pension contributions
You can usually claim tax relief for your private pension contributions. There is an annual allowance for tax relief on pensions of £60,000
VAT recovery when leasing vehicles
The VAT treatment of motoring expenses is relevant to any business that incurs VAT on motor expenses. We have covered below some important
Capital Gains Tax and trusts
A trust is an obligation that binds a trustee, an individual or a company, to deal with the assets - such as land, money and shares - held by the trust.
Tax and duty on goods sent from abroad
There are special rules to help ensure that goods sent from abroad are taxed appropriately. The aim is to not disadvantage UK businesses
Tax Diary September/October 2023
1 September 2023 - Due date for corporation tax due for the year ended 30 November 2022. 19 September 2023 - PAYE and NIC
Landlords’ obligation to repair property
Landlords have a legal obligation to keep their rented property in good condition, and any gas or electrical systems must meet specified
Who is your ideal customer?
If there is a particular type of customer that is ideally placed to benefit from the goods or services you sell it makes sense to target
Scottish charities regulations
Charities in Scotland are regulated by an independent body. This body is called the Office of the Scottish Charity Regulator (OSCR).
Searching for details about property
There are a number of online tools available to help find information about a property in England or Wales, even if you do not own it.