HMRC no longer accept personal credit card payments
From 13th January 2018 HMRC have advised that they will no longer be able to accept personal credit card payments. Prviously HMRC have accepted credit [...]
Private Residence Relief – No minimum period
A recent decision by the First-Tier Tribunal has confirmed that there is no minimum period of residence to secure the availability of private residence [...]
Investors’ relief – Do you qualify?
Investors' relief as form of capital gains tax relief was launched in the 2016 Spring Budget as an extension of entrepreneurs’ relief (ER). It [...]
Crowdfunding- what are the tax implications?
The use of crowdfunding to raise funds has been on the increase since the concept was first coined back in 2006. A recent conversation with [...]
VAT on Ebay fees
Effective from 1st August, following a restructuring by eBay of its businesses resulting in UK customers contracting now with eBay UK rather than [...]
Property Letting Myths – Let Property Campaign
Property Letting is the focus of a recent HMRC initiative and they have released some examples of common errors made by property owners when they [...]
Self assessment return: Do I have to file one?
A question often by asked by directors of small limited companies is 'do i have to file a self assessment tax return?' The answer is [...]
Trivial Benefits- Certainly not trivial!
A tax free and NI free benefit Under the exemption for trivial benefits an employer can provide their employees small [...]
OTS Publishes report on alignment of Income Tax and NICs
The Office of Tax Simplification (OTS) has published “Closer alignment of income tax and national insurance: a further review” which sets [...]
NO LOSS RELIEF FOR BUSINESS RUN AS A HOBBY
A recent case before the Tax Tribunal reminds us that in order to set a trading loss sideways against other income, the business must be [...]