Blog

Do charities pay tax?

15th June | Posted in: Business Tax, Charity, Planning, VAT

It is widely thought that one of the benefits enjoyed by charities is that they don’t have to pay tax.  This is not quite correct.  Whilst it is true that charities generally have to pay less tax ...

How can a charity run a business?

13th June | Posted in: Business Tax, Charity

One of the most widespread ways in which charities make money is by trading.  At one end of the scale, a local community group might occasionally make a few pounds by holding a jumble sale.  At the ...

Making Tax Digital (MTD) delayed further, apart from VAT reportin...

8th June | Posted in: PAYE & NI, Personal Tax, Regulations, VAT

HMRC have confirmed that no further MTD for business changes will be brought in before 2020 at the earliest. The Treasury set out its revised priorities for current digital transformation projects, to...

Off-Payroll rules (IR35)

6th June | Posted in: PAYE & NI, Professional Services, Regulations

As mentioned in the Autumn Budget, the Government has opened a consultation into a possible extension of the rules that currently apply to “off-payroll” workers in the public sector to the private...

Capital Gains Tax (CGT) to be paid earlier on property disposals...

31st May | Posted in: Personal Tax, Properties

HMRC are consulting on the mechanism for collecting CGT on residential property disposals by UK residents from April 2020, when the tax will be due within 30 days of completion of the sale of the prop...

Taking a lodger? Don’t forget to claim “Rent a Room&...

29th May | Posted in: Allowances, Property Investment, Regulations

HMRC are carrying out a review of rent a room relief to discover whether the scheme, introduced back in 1992 provides the right incentives for the rental market. The current scheme exempts from tax, g...

May 2018 E-Newsletter

28th May | Posted in: Allowances, Business Tax, Community, PAYE & NI, Planning

Welcome to our May newsletter and with the summer holiday season approaching, it is topical that  the first article is related to Bed & Breakfast dwellings. May 2018 E-Newsletter As you will have...

HMRC lose IR35 case

23rd May | Posted in: Professional Services, Regulations

In our blog of 28 March 2018,  we reported the Tax Tribunal decision involving Christa Ackroyd Media Ltd, a company set up by a TV presenter to supply her services to the BBC, where it was held that ...

Changes to termination payments

22nd May | Posted in: PAYE & NI, Payroll, Regulations

Care is always required when employees are made redundant or payments are made on the termination of employment. Not only are there employment law considerations, there are also important tax implicat...

EU give go-ahead for Enterprise Management Incentive (EMI) tax br...

21st May | Posted in: Government Announcements, PAYE & NI

It was widely reported that state aid approval of Enterprise Management Incentive (“EMI”) options expired on 6 April 2018, which left a number of UK businesses in limbo.  As a result of this HMRC...

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