Date posted: 9th Jan 2023
Business Property Relief (BPR) is an attractive inheritance tax (IHT) relief potentially providing 100% tax relief in respect of qualifying assets (termed ‘relevant business property‘) relating to both…
Date posted: 9th Jan 2023
The Construction Industry Scheme (CIS) is a tax deduction scheme under which tax is deducted from payments made to subcontractors for construction work unless the subcontractor is registered…
Date posted: 9th Jan 2023
Taxpayers unable to settle their tax liability on time may be able to make a Time to Pay arrangement with HM Revenue and Customs (HMRC). Self-Assessment If you…
Date posted: 9th Jan 2023
The deadline for completing your 2021/22 self assessment tax return is 31 January 2023. If the tax return is not completed prior to this date, you will receive…
Date posted: 25th Nov 2022
Although spouses and civil partners are taxed independently, there are some tax breaks available. One of these is the ability for spouses and civil partners to transfer assets…
Date posted: 25th Nov 2022
The current VAT default surcharge system will be replaced, in January 2023, with a new penalty based points system for all VAT returns that are either submitted late or…
Date posted: 24th Nov 2022
Tax changes in recent years to the way that unincorporated landlords are treated for tax purposes, particular in respect to relief for interest, have resulted in an increase…
Date posted: 24th Nov 2022
As the cost-of-living crisis deepens, many employees are looking to save money. One option is to cut the cost of the commute by cycling to work, which can…
Date posted: 24th Nov 2022
HMRC can issue a determination when a taxpayer has failed to submit a tax return. The determination is HMRC’s formal calculation of tax that it calculates as being…
Date posted: 24th Nov 2022
The past 18 months or so have seen a planned increase to corporate tax, then the abolishment of the planned increase to corporate tax and then the abolishment…
