News & Updates

If you run your own limited company, chances are that you’ll be aware of dividends. But how exactly are dividends taxed, and is it better to take dividends or pay yourself a salary from your company profits? - Read More

When the Chancellor makes his Budget speech on 11 March, will he take on board any of the recent recommendations he's received to simplify Inheritance Tax or even scrap it entirely? - Read More

It was recently announced that the government’s plans to introduce an enormous hike in probate application fees have now been dropped. - Read More

If you undertake work for a large or medium-sized organisation and are paid via your personal service company, it's time to get ready for new off-payroll working rules. - Read More

The Office of Tax Simplification has released two surveys, one for landlords and one for small business owners, to establish if you want to know your tax liabilities. - Read More

There is much confusion surrounding the tax classification of vans. It seems that for benefit in kind purposes, certain vehicles aren't goods vehicles but should be classed as motor cars. - Read More

If you let out or sell a property, there are a couple of tax relief updates and changes due to take place which you should be aware of. - Read More

Succession planning can be the elephant in the room for a family business. John Tooth examines how best to tackle this emotive subject to ensure a successful outcome - Read More

Keeping your tax affairs in order isn't necessarily enough to avoid a tax investigation from HMRC. Many investigations take place randomly, so make sure you know how to deal with one should you come under HMRC's spotlight. - Read More

Plans are afoot to roll out IR35 off-payroll working rules to the private sector as well as the public sector, which is causing concern for businesses & contractors alike. - Read More

Despite all the uncertainty surrounding Brexit, the clock is still ticking to 1 April 2019, when MTD for VAT comes into force and businesses will have to change the way they submit VAT. Here's how to make sure you're ready. - Read More

The UK’s inheritance tax (IHT) system is fiendishly complicated, so to reduce the extent of this painful procedure, the Office of Tax Simplification has released a report making a number of recommendations to improve the situation. - Read More

HMRC had huge issues with their computer system in 2016/17, which resulted in the rejection of a number of complex online tax returns. However, as many as 30,000 tax returns slipped through the net and they will all now have to be re-worked by HMRC. - Read More

From April 2020 there will be significant changes to the payment of Capital Gains Tax (CGT) and to the reporting of residential property sales to HMRC. - Read More

On 6 July 2018, the government published a policy paper entitled ‘Income Tax rent a room relief’, which outlines a new condition which tax payers must soon meet in order to be eligible for rent a room relief. - Read More