Date posted: 8th Aug 2023
HMRC have sent out ‘One to Many’ nudge letters to taxpayers who they believe may have claimed Business Asset Disposal Relief (BADR) in excess of the lifetime limit….
Date posted: 8th Aug 2023
The research and development (R&D) tax relief regime changed in April 2023 with the changes to the rates of relief and tax credits that can be claimed. In…
Date posted: 8th Aug 2023
We are often asked questions on capital gains tax and when and how to report any taxes due. Capital Gains Tax arises from the sale of a capital…
Date posted: 8th Aug 2023
Over the years we’ve all become familiar with the Annual Investment Allowance which has allowed businesses to write off certain capital expenditure, in full, for tax. This Allowance,…
Date posted: 24th Jul 2023
A customer may pay extra as a tip, a service charge or a gratuity. A tip or gratuity is a voluntary payment that the customer has no obligation…
Date posted: 24th Jul 2023
HMRC could be handed details of landlords who are not complying with their tax obligations. The new Renters Reform Bill will include a landlord database, which is likely…
Date posted: 24th Jul 2023
As interest rates continue to rise to levels unseen for many years, taxpayers could face a shock in relation to paying tax on interest earned. It is important…
Date posted: 24th Jul 2023
If you own a large plot of land that you no longer require but you don’t want to move home, you may consider selling some of it for…
Date posted: 24th Jul 2023
In recent years, there has been a trend for new businesses to begin operating as a limited company. There are potential tax savings by operating as a limited…
Date posted: 24th Jul 2023
The main residence exemption applies for capital gains tax purposes to the extent that a property is used as the taxpayer’s only or main residence. Where a property…
