Notify option to tax land an...
Event date: 1st Jan 1970
Supplies of land and buildings, such leasing or renting out a property, are normally exempt from VAT. This means that no VAT is payable, but the person making…
Event date: 1st Jan 1970
Event date: 1st Jan 1970
Supplies of land and buildings, such leasing or renting out a property, are normally exempt from VAT. This means that no VAT is payable, but the person making…
Event date: 1st Jan 1970
Unexpectedly introduced at the 2021 Budget, the 130% deduction essentially allows companies to reduce their tax bill by up-to 25p for every £1 invested. The amount of relief…
Event date: 1st Jan 1970
HM Revenue & Customs (HMRC) are introducing a new penalty system to try to make the tax system fairer and more consistent. The new system will use a…
Event date: 1st Jan 1970
The child benefit charge was introduced in 2013, for those individuals with income of over £50,000. The basic idea behind the charge is that if your income is…
Event date: 1st Jan 1970
As we reported around a year ago (https://www.cliveowen.com/2020/08/offshore-income-reporting/) HMRC are continuing to issue “nudge” letters to customers who HMRC believe have unreported income or gains from overseas. We…
Event date: 1st Jan 1970
Each individual has an annual pension allowance, which is the maximum that can be saved into a pension plan, each tax year and receive tax relief. However, there…
Event date: 1st Jan 1970
Last month we mentioned that draft legislation has been published to change the basis periods for the assessment of self-employed profits to coincide with the tax year. The…
Event date: 1st Jan 1970
Teesside based KASL Engineering Group has acquired specialist engineering design business Ardmore Craig as part of its ambitious growth strategy. The Group’s second engineering acquisition since owner Mike…
Event date: 1st Jan 1970
HMRC have announced a consultation that could impact upon the amount of tax payable by self employed individuals, including partners of a traditional partnership or a LLP. This…
