Date posted: 17th Mar 2022
The Annual Tax on Enveloped Dwellings (ATED) is a tax on high-value residential properties that are held within ‘an envelope’, such as company or a partnership with at…
Date posted: 17th Mar 2022
One of the sectors hit most by COVID-19, was the travel and tourism sector. In particular, Furnished Holiday Let (FHL) businesses were required to shut for a large…
Date posted: 17th Mar 2022
As we advised in October 2021, those individuals that renew licences to drive taxis and private hire vehicles or to deal in scrap metal, will be subject to…
Date posted: 17th Mar 2022
Capital allowances essentially provide tax relief on the acquisition of equipment such as motor vehicles, vans, trucks, machines, computers and so forth. At the moment, the “super deduction”…
Date posted: 15th Mar 2022
The government are concerned about the lack of take up of tax-free childcare accounts, with HMRC estimating that only about 25% of families eligible for the scheme had…
Date posted: 15th Mar 2022
Salary sacrifice schemes are popular schemes but there advantages have been reduced by HMRC over the years. One of the most popular areas of salary sacrifice arrangements relate…
Date posted: 15th Mar 2022
HMRC are encouraging more employers to payroll employee benefits in kind rather than declaring benefits on the end of year P11d forms. If employers haven’t already done so…
Date posted: 15th Mar 2022
HMRC have recently updated their guidance for VAT registered importers. These traders must account for postponed import VAT on their VAT returns for the accounting period which covers…
Date posted: 15th Mar 2022
Early in the COVID-19 pandemic, the Chancellor reduced the rates of VAT for the leisure and hospitality sector to just 5%. That reduced rate applied from 15 July…
Date posted: 5th Jan 2022
There is a lot of preparation involved in setting up a business, and costs will be incurred, which may be substantial. Before it is able to start trading,…
