Tax News

Renovating a residential property – what are the tax issues?

Renovating a residential property – what are the tax issues?

Date posted: 9th May 2023

It has been commonplace over the last several decades for individuals to be bitten by the property bug a buy a “do-er-upper” but there are varying tax issues,…

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Happy new (tax) year….

Happy new (tax) year….

Date posted: 19th Apr 2023

You may have missed it, but we are in a new year. There were no celebrations, no fireworks and no sight of Jools Holland but at midnight on…

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Clive Owen tax manager achieves significant STEP qualification

Clive Owen tax manager achieves significant STEP qualification

Date posted: 19th Apr 2023

Clive Owen LLP senior tax manager Elizabeth Layfield has become one of a handful of chartered accountants and chartered tax advisers to become a full member of STEP….

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Trivial benefits – what are the tax implications?

Trivial benefits – what are the tax implications?

Date posted: 17th Apr 2023

Introduced in 2016, trivial benefits have their own tax exemption, which if used wisely can be used to treat employees. Nature of the exemption The exemption applies if…

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Share scheme reporting – 6 July 2023 deadline

Share scheme reporting – 6 July 2023 deadline

Date posted: 14th Apr 2023

As well as requiring businesses to declare benefits received by employees by 6 July 2023, HMRC also require companies to notify them of a wide range of transactions…

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Tax Return – do you need to complete one?

Tax Return – do you need to complete one?

Date posted: 13th Apr 2023

The new tax year is here and HM Revenue & Customs are issuing individuals with notices to complete a Tax Return (some people may be notified online) for…

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HMRC Closure of Certificate of Tax Deposit Scheme

HMRC Closure of Certificate of Tax Deposit Scheme

Date posted: 13th Apr 2023

Reminder letters have been issued by HMRC in relation to the Certificate of Tax Deposit (CTD) scheme. The CTD was a way for individuals and companies to deposit…

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PAYE settlement agreements – do you need one?

PAYE settlement agreements – do you need one?

Date posted: 13th Apr 2023

If an employer provides a benefit to an employee (company car, private medical, gym membership etc), then it is usually the case that such benefits are declared on…

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Property ownership – what are the tax differences?

Property ownership – what are the tax differences?

Date posted: 13th Apr 2023

Under English law, there are two ways in which property can be owned jointly – as joint tenants or as tenants in common. The way in which a…

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Tax relief deadline – expiring on 5 April 2023

Tax relief deadline – expiring on 5 April 2023

Date posted: 7th Mar 2023

If you have previously not claimed full tax relief for say gift aid donations or pension contributions, then in most circumstances, you have four years to make a…

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