News Archive
Budget 2017 Summary and Reflections
Headline news from the Chancellors Budget all seem to relate to the impact on small businesses, particularly the self-employed, although small Companies.
Payroll working in the public sector
Although these new measures which are in some ways further addressing the reform of IR35 do not apply to many of the firm’s clients it certainly applies
Tax free child care
You may remember back in 2013 the government announcing a new tax break for working parents. Hopefully it will soon be available.
Flat Rate Scheme Changes
In the Autumn Statement the Chancellor has announced changes to the flat rate scheme of VAT accounting. The current scheme allows a trader.
Common Reporting Standard for Charities – Update
The Common Reporting Standard (CRS) which asks Financial Institutions to report on account holders as well as being a method of preventing tax evasion.
Trivial Benefits provided by an Employer
I am sure you are aware of the strict rules regarding benefits in kind, benefits paid to employees by their employer which become taxable.
Rental Properties & Mortgage Interest Relief
Higher rate tax relief is being restricted for buy-to-let landlords on the costs of finance, such as mortgage interest, from 6 April 2017 onwards.
Pre-letting Expenses
Profits from UK land or property are treated for tax purposes arising from a business. The broad principle is that rental business profits are computed.
Trivial benefits provided by an employer
I am sure you are aware of the strict rules regarding benefits in kind, benefits paid to employees by their employer which become taxable.
Making Tax Digital (MTD)
From April 2018 the tax system will become increasingly digital with initially the self-employed, partnerships and landlords effected.
Common Reporting Standard (CRS Charities)
The Common Reporting Standard (CRS) was approved by the OECD Council in 2014 as a global standard to facilitate the automatic exchange of financial.