News & Updates

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Increase to probate fees abandoned

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

Is it time to disclose your off-payroll working?

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.

Survey for landlords and the self-employed

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.

When is a van not a van?

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.

Changes to tax relief for property owners

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.

Planning for the future of your business

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

What to do if HMRC investigates your tax affairs

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.

IR35 rules are coming to the private sector

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.

Making Tax Digital for VAT – it’s almost time!

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.

IHT – how the rules could get simpler

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.

Tax returns rise from the dead

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.

CGT on property sales due within 30 days

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.

Rent a room relief – a new rule

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.

SMEs still in the dark about Making Tax Digital

Intuit QuickBooks, one of our cloud accounting software partners, have recently released a survey which reveals that over 40% of small business owners still haven’t heard of Making Tax Digital (MTD).

Employee Benefit Trusts – notification deadline

Any outstanding loans from disguised remuneration tax avoidance schemes like Employee Benefit Trusts must be registered with HMRC before 30 September 2018.