Tax News

Rewarding employees – be aware of the tax risks if you are gifting shares!

Rewarding employees – be aware of the tax risks if you are gifting shares!

Date posted: 15th Dec 2021

Given the ongoing shortage of employees that appears to be facing every sector in every industry, there can be a temptation to simply gift shares in the employing…

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Property income reporting

Property income reporting

Date posted: 15th Dec 2021

The deadline for filing your 2020/21 Tax Return online is 31 January 2022. If you received income from property, you may need to tell HMRC about it on…

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Child benefit – it is still worth registering even if you are not eligible?

Child benefit – it is still worth registering even if you are not eligible?

Date posted: 15th Dec 2021

If you are responsible for bringing up a child who is under the age of 16, or under the age of 20 where they remain in approved education…

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Super deduction – is it time to plan your spend now?

Super deduction – is it time to plan your spend now?

Date posted: 15th Dec 2021

As we have mentioned on several occasions, the super deduction is a very valuable tax relief for those companies looking to invest in plant and machinery. A re-cap…

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CIS – How to work out whether it applies – practical problems on submission, penalties

CIS – How to work out whether it applies – practical problems on submission, penalties

Date posted: 15th Dec 2021

The Construction Industry Scheme (CIS) requires registration of anyone who works in that industry, be that a sole trader or a company. The registration rule includes the largest…

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Electric charging points – Is there a tax liability?

Electric charging points – Is there a tax liability?

Date posted: 15th Dec 2021

As part of the Government’s push to encourage drivers to ‘go electric’, the Transport Secretary, Grant Shapps, announced an extension to a £50 million Government fund to install…

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Furnished holiday lettings – rollover relief

Furnished holiday lettings – rollover relief

Date posted: 4th Nov 2021

Furnished holiday lettings have a number of tax advantages compared to standard residential buy to lets. One of the key advantages is the availability of business asset rollover…

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Planning the Christmas party – make sure you don’t trip over tax liabilities!

Planning the Christmas party – make sure you don’t trip over tax liabilities!

Date posted: 4th Nov 2021

Last year, the Covid-19 pandemic and national lockdown took Christmas parties (other than virtual ones) off the agenda. This year, there may be a temptation to make up…

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Missed the 31 October 2021 deadline – do not fear, we can help!

Missed the 31 October 2021 deadline – do not fear, we can help!

Date posted: 4th Nov 2021

The deadline for the submission of a Tax Return to HMRC, on paper, lapsed on 31 October 2021. However, as we use bespoke software to electronically file Tax…

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SEISS grants – don’t forget that they are taxable! But were you eligible?

SEISS grants – don’t forget that they are taxable! But were you eligible?

Date posted: 4th Nov 2021

The self employed income support scheme (SEISS) grants were made available by HMRC last year, as a result of the lockdowns imposed under the COVID-19 legislation which meant…

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