Tax News

Making Tax Digital delayed by at least a year for the majority of businesses - August 2, 2017

The Government has announced that it plans to delay the full implementation of digital taxation until 2020. Making Tax Digital … Read more

Scammers take advantage of businesses ignorance on EU VAT rules - August 2, 2017

Businesses across the UK are being targeted by scammers who are charging them to update companies VAT registration numbers … Read more

Landlords – unpaid tax should be declared sooner rather than later - August 2, 2017

Landlords are being advised that HM Revenue & Customs (HMRC) is redoubling its efforts to crackdown on individuals who … Read more

I’m a non-resident landlord. Do I have to file a tax return in the UK? - July 11, 2017

If you have lived abroad for six or months or more in a year, you are classed as a “non-resident landlord”, and the income … Read more

The Inheritance Tax main residence additional nil-rate band - June 13, 2017

A new additional nil-rate band of £100,000 for Inheritance Tax (IHT) on main residences, when bequeathed to a direct descendent, … Read more

Receipts rise as Corporation Tax rates fall - June 13, 2017

Corporation Tax receipts reached a record high in the 2016-17 financial year, with a total of £56 billion collected, a 21 … Read more

Finance Bill shrinks in the parliamentary wash-up as PM announces snap election - May 5, 2017

The announcement of a snap general election to take place on 8 June 2017 had an immediate impact on some of the most eye-catching … Read more

Furnished holiday lettings escape the new mortgage interest relief restriction - May 5, 2017

Landlords should be aware of the different rules which apply to furnished holiday lets and private rented properties, as … Read more

P11D dispensations have been dispensed with - May 5, 2017

Last year saw an important change to the way tax-deductible business expenses, which are paid to employees, are dealt with. … Read more

Online VAT fraud and error costing UK dear - May 5, 2017

A report published by the National Audit Office (NAO) estimates that online VAT fraud and error cost the UK somewhere between … Read more

Latest News & Articles
Taylor report recommends review of cash-in-hand

Cash-in-hand payments should be replaced with technology driven alternatives in hopes of collecting up …

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