News

Let property disclosure campaign
Landlords that receive letting income should notify HMRC by 5 October after the end of the tax year for which ...
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Non-resident landlord’s scheme
The Non-resident landlord (NRL) scheme is a special scheme for the UK rental income of non-resident landlords. This includes companies ...
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What is a PET?
Most gifts made during a person’s life are not subject to tax at the time of the gift. These lifetime ...
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Don’t forget to handout P60s
The deadline for employers to provide employees with a copy of their P60 form is by 31 May 2018. A ...
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Claiming for job related expenses
Employees who use their own money to buy things they need for their job, can sometimes claim tax relief for ...
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How much does Class 4 NIC cost?
There are currently two types of national insurance contributions (NICs) payable by most self-employed people. These are known as: Class ...
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Renewing tax credit claims
Families and individuals that receive tax credits should ensure that they renew their tax credit claims by 31 July 2018 ...
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What plant purchases qualify for a tax allowance?
Most day to day business expenses can be deducted from business income when calculating your taxable profits. However, the rules ...
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Extra tax relief for married over 80s
The Married Couple's Allowance (MCA) is available to elderly married couples or those in a civil partnership, where at least ...
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Sugar tax takes the sweetness out of soft drinks
The new Soft Drinks Industry Levy came into effect with the start of the new tax year on 6 April ...
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Court rules on online filing penalties
The Construction Industry Scheme (CIS) is a set of special rules for tax and national insurance (NI) for those working ...
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Treatment of termination payments
With effect from 6 April 2018, employers will need to pay Income Tax and Class 1 National Insurance Contributions (NICs) ...
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