Date posted: 11th Jul 2022
At the time of writing (July 2022), the UK has one flat rate of corporation tax – 19%. However, there are planned increases to the rate from April…
Date posted: 11th Jul 2022
Recent data suggests that penalties imposed by HMRC were £571m in 2021/22. Whilst these penalties will cover a range of taxes and some will relate to tax avoidance…
Date posted: 11th Jul 2022
If you have children under 12 who attend a nursery, after school club, play scheme, childminder or you are considering sending them to a summer camp, you should…
Date posted: 11th Jul 2022
HMRC are reminding sole traders and partners who have received Self-Employed Income Support Scheme (SEISS) grants that there are potentially penalties of up to 100% of amounts over…
Date posted: 11th Jul 2022
As a general rule, when completing forms P11D to declare a company car, it is the original list price of the company car that is declared rather than…
Date posted: 11th Jul 2022
It is believed that HMRC are checking 2020/21 tax returns and nudging taxpayers to double check if they have exceeded their lifetime allowance for business asset disposal (BAD)…
Date posted: 11th Jul 2022
As we mentioned in our April tax news (https://www.cliveowen.com/2022/04/corporation-tax-increases-april-2023/) corporation tax rates are rising from April 2023. The issue of associated companies rears its head after an eight…
Date posted: 23rd Jun 2022
More people will be pulled into higher tax brackets in the wake of tax allowances and thresholds being frozen, according to a Northern-based tax expert. Lee Watson, of…
Date posted: 21st Jun 2022
In common with other types of businesses, expenses are unavoidable when running a property business. However, subject to certain conditions, it is possible to obtain tax relief for…
Date posted: 21st Jun 2022
All good things, must come to the end. If you are operating your own limited company and looking to retire or cease trading, then you will need to…
