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Tax News

Reminder of the tax treatment of seasonal gifts

Reminder of the tax treatment of seasonal gifts

Date posted: 6th Dec 2018

Christmas is coming, the goose is getting fat…… …..please do not put a penny in the taxman’s hat. As the festive season approaches for another year, we thought…

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Hybrid cars – changes afoot

Hybrid cars – changes afoot

Date posted: 16th Nov 2018

Over the years, the government have continued to increase the tax charges associated with company cars, particularly those company cars running on petrol and diesel. The tax charge,…

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Disposing of residential property – watch out for changes to the tax payment date

Disposing of residential property – watch out for changes to the tax payment date

Date posted: 15th Nov 2018

If capital gains tax (CGT) is payable in relation to the sale or gift of a residential property then, from April 2020, you will only have 30 days…

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Further tax changes for ‘high’ emission cars from April 2019

Further tax changes for ‘high’ emission cars from April 2019

Date posted: 13th Nov 2018

You may think of a high emission cars as being a ‘gas guzzling’, luxury or exclusive sports car such as a Ferrari, Lamborghini or a Range Rover. The…

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Entrepreneurs relief – Are you going to lose out?

Entrepreneurs relief – Are you going to lose out?

Date posted: 11th Nov 2018

Entrepreneurs relief is a valuable relief for those individuals selling shares. It can reduce the capital gains tax rate from 20% to 10% (on up to £10m of…

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Company cars and salary sacrifice – further changes down the road

Company cars and salary sacrifice – further changes down the road

Date posted: 8th Nov 2018

In April 2017, HMRC introduced the OPRA rules – not to be confused with a trip to the theatre – in relation to salary sacrifice arrangements. OPRA stands…

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Reforms could see taxation rises for contractors as well as increased burden for ‘employers’

Date posted: 8th Nov 2018

Clive Owen LLP has warned contractors that they could be hit with extra tax bills following changes to IR35 tax rules. The Chancellor, Philip Hammond, announced in last…

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Annual Investment Allowance – Timing Is Critical

Annual Investment Allowance – Timing Is Critical

Date posted: 6th Nov 2018

It was announced in the Chancellor’s 2018 Budget statement that the Annual Investment Allowance (AIA) will increase from £200,000 to £1,000,000 for the two years from 1 January…

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Looking for investment in your company – watch out for the entrepreneur’s relief pitfall!

Looking for investment in your company – watch out for the entrepreneur’s relief pitfall!

Date posted: 5th Nov 2018

Many owner managed companies will seek external investment to drive their company forward. If this investment is in new shares, then you could lose out on entrepreneur’s relief…

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The taxman’s taking all my dough

The taxman’s taking all my dough

Date posted: 4th Nov 2018

As an employee, it can be easy to overlook tax reliefs that you may be entitled to, particularly if your tax affairs are straightforward and dealt with via…

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