Making Tax Digital (MTD) for Income Tax

Current H M Revenue & Customs guidance indicates that self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for MTD for Income Tax from their next accounting period starting on or after 6 April 2023. Please note that HMRC guidance indicates that MTD for Corporation Tax/Companies […]

Tax e-News January 2020

In our newsletter for January 2020:

Conservative Party Elected With Working Majority
Finance Bill Should Now Proceed
Advisory Fuel Rate For Company Cars
New Year’s Resolutions To Save Tax
Pension Planning
Gifts Out Of Surplus Income
Passing On The Family Home
Diary Of Main Tax Events January/February 2020

Tax e-News December 2018

In our newsletter for December 2018:

Christmas is the time for giving
The IHT annual exemption – use it or lose it!
Gifts out of income are not taken into account for IHT
Certain gifts can have capital gains tax consequences
Not all shares qualify for CGT entrepreneurs’ relief now
Gifts of up to £50 to employees
Gifts to charity
Collecting unpaid tax For 2017/18 through your PAYE coding
Diary of main tax events December 2018/January 2019

Tax e-News November 2018

In our newsletter for November 2018:

More Money For NHS And An End To Austerity?
Personal Allowance And Higher Rate Limit Increased Early
No Changes In Tax Rates
IR35 “Off-Payroll” Rules To Be Extended To Private Sector
Capital Gains Entrepreneurs’ Relief Changes
Company Tax To Reduce to 17%
Annual Investment Allowance Increased To £1m
New Capital Allowance For Commercial Buildings
R&D Tax Credit Restricted
VAT Registration Limit Continues To Be Frozen
More Rates Relief For Small Business
Diary of Main Tax Events for December

Tax e-News February 2018

In our newsletter for February 2018:

Does Your Accounts System Comply With MTD For VAT?
Did You Get A Big Tax Bill And Now Want Some Back?
Exceeding The Annual Pension Allowance
Advantages Of Furnished Holiday Lettings
Diary Of Main Tax Events February/March 2018

Tax e-News November 2017

In our newsletter for November 2017:

Changes To Pension Tax Relief In The Budget?
New Restriction For Those In Pension Drawdown
And Increased Contributions For Workplace Pensions in 2018
HMRC Have Updated Their Guidance On Salary Sacrifice Schemes
HMRC Tackles Employers Who Used EBTs Schemes
Furnished Holiday Letting Business Is Not A Business For IHT Relief
Many Will Not Get A Self Assessment Tax Return Next Year
Diary Of The Main Tax Events November/December 2017