Increase in the cash basis threshold
As announced at the 2017 Spring Budget, the threshold for traders using the cash basis for accounting purposes is increasing from 6 April 2017. This change forms part of the Government’s initiative for simplifying tax paid by unincorporated businesses and runs alongside the Making Tax Digital project.
Under the cash basis, small businesses are taxed on the basis of the cash that passes through their books, rather than being asked to spend their time doing calculations designed for big businesses. General partnerships may use the cash basis – as long as the partnership meets the receipts and other entry criteria, the partners are all individuals, and either there is no individual treated as controlling the partnership, or any such individual would be eligible to use the cash basis if they were conducting the business as a sole trader.
Amendment to the existing legislation (currently contained in ITTOIA 2005, Part 2, Chapter 3A) takes effect from 6 April 2017 (operative for 2017/18 onwards) and increases the threshold for the cash basis from ?83,000 to ?150,000. This measure is expected to have a significant impact on businesses. An estimated 135,000 additional small businesses will be eligible to choose the cash basis for their business, with 87,000 estimated to take up that choice.
The exit threshold will continue to be set at double the entry threshold, so it will increase to ?300,000 from the same date.
The entry and exit threshold for self-employed Universal Credit claimants will continue to equal the exit threshold of non-Universal Credit claimants and will increase to ?300,000.
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COVID tax concessions ending on 5 April
March 29, 2022
Property damage limitation through tax relief
March 25, 2022
March 2022 Q&As
March 25, 2022
Homeworking costs – can you reclaim VAT?
March 25, 2022
Boosting your pension tax-free cash
March 25, 2022
Can you pay mixed travel expenses tax free?
March 24, 2022
Spring Statement 2022
March 23, 2022
HMRC to reject expenses claims by letter from May 2022
March 22, 2022
Hijacked personal tax accounts
March 18, 2022
Managing an HMRC inspection
March 17, 2022
Simple ways to reduce IHT bills
March 15, 2022
Is there a tax cost to creating a home office?
March 11, 2022
HMRC to allow multiple penalty appeals
March 10, 2022
HMRC issues reminder about loss relief extension
March 8, 2022
An alternative way to reward staff
March 4, 2022
Nil rate band guidance updated
March 2, 2022
HMRC issues guidance on QR code scam
February 28, 2022
Cryptocurrency: a trap for remittance basis users
February 25, 2022
Does HMRC have the right to amend your tax code?
February 24, 2022
New VAT policy on termination payments
February 22, 2022
Another defeat for HMRC in TV presenter IR35 row
February 18, 2022
Omicron support deadline fast approaching
February 17, 2022
Planning consent VAT shock
February 15, 2022
What’s the right type of discounted gift scheme for you?
February 11, 2022
Auto-enrolment thresholds frozen again
February 10, 2022
HMRC increases late payment interest again
February 7, 2022
February 2022 Q&As
February 7, 2022
Saving VAT on your business start-up
February 7, 2022
Accountant’s fees for investigation – tax deductible?
February 7, 2022
Reduce tax payable on a loan from your company
February 7, 2022
Are you on HMRC’s HICBC radar?
February 3, 2022
Adding Strength to our Business
January 27, 2022
HMRC’s new P11D filing system
January 25, 2022
Government to close business rates loophole for holiday lets
January 20, 2022
HMRC provides further detail on late filing reprieve
January 17, 2022
HMRC delays new VAT penalty rules
January 14, 2022
New HMRC discovery powers will be retrospective
January 13, 2022
January 2022 Q&As
January 13, 2022
Tax-efficient gifts of shares in a family company
January 13, 2022
Maximising tax relief for plant and machinery
January 13, 2022
Get the VAT right when incorporating your business
January 13, 2022
Enterprise investment schemes for directors
January 11, 2022
New condition for joining MTD pilot
January 10, 2022
New year brings new Brexit rules into force
January 5, 2022
New guidance on property disposals
December 16, 2021
Warning to companies to report grants
December 12, 2021
December 2021 Q&As
December 12, 2021
Home help on the company payroll
December 12, 2021
Medical treatment on the company
December 12, 2021
Escaping the directors’ NI trap
December 12, 2021
Tax and NI cost of extra holiday
December 8, 2021
Trouble with paying self-assessment tax bills
December 5, 2021
Making your joint income tax efficient
December 3, 2021
Tax breaks for Freeports
December 2, 2021
Post Office payments temporary reprieve
November 30, 2021
Latest advisory fuel rates now available
November 26, 2021
HMRC issues warning to those filing tax returns
November 24, 2021
Are you too late to reclaim VAT?
November 21, 2021
November 2021 Q&As
November 21, 2021
Business property relief for letting businesses?
November 21, 2021
Selling goods or services to your staff?
November 21, 2021
A company-paid for pension for your spouse
November 21, 2021
Demerging your business – what’s the tax cost?
November 19, 2021
First Freeport tax sites designated
November 17, 2021
Higher tax rate on directors’ loans
November 15, 2021
Paying tax without a reference number
November 11, 2021
Christmas PAYE arrangements
November 9, 2021
Accessing your pension savings tax efficiently
November 5, 2021
HMRC’s cryptocurrency nudge letters
November 3, 2021
HMRC issues urgent warning to SEISS grant recipients
November 1, 2021
Should your company pay for private fuel?
October 28, 2021
Budget Report Autumn 2021
October 26, 2021
Cryptocurrency investors under HMRC scrutiny
October 25, 2021
HMRC issues reminder about early December pay dates
October 22, 2021
Do you need to file your tax return by the deadline?
October 20, 2021
Tax-free savings going unclaimed
October 18, 2021
How to maximise relief for CGT losses
October 14, 2021
Deregistering your business – what VAT is payable?
October 12, 2021
Health and social care levy impact
October 6, 2021
October 2021 Q&As
October 6, 2021
Not all pre-trading expenses are equal in HMRC’s eyes
October 6, 2021
Are you entitled to multiple employment allowances?
October 6, 2021
Tax and NI-free cash after transferring your business
October 6, 2021
How to pay off a director tax efficiently
October 6, 2021
VAT increase for some businesses
October 5, 2021
SDLT holiday is over
October 1, 2021
Tax hikes for 2022/23 confirmed
September 28, 2021
Cut your investment bonds tax bill
September 27, 2021
Government delays MTD for income tax and basis period reform
September 22, 2021
Easily avoid a life insurance tax trap
September 20, 2021
New auto-enrolment warnings from the regulator
September 15, 2021
Transferring your business to a company
September 14, 2021
When is selling land or buildings “trading”?
September 10, 2021
Government unpicks the pension triple lock
September 9, 2021
Late payment penalty rules made clear
September 8, 2021
NI rates hiked – how much more will you pay?
September 7, 2021
HMRC to stop paying certain benefits to Post Office accounts
September 6, 2021
September 2021 Q&As
September 6, 2021
Pay a higher price for mileage allowances
September 6, 2021
Accounting for VAT on third party services
September 6, 2021
Is your business better off claiming simplified expenses?
September 6, 2021
Trading with your company for tax-free cash
September 3, 2021
Furlough scheme: have you overclaimed employers’ NI?
September 1, 2021
Saving with company cars 2021/22
August 31, 2021
Tax-free pensions advice
August 27, 2021
Mitigating changes to basis period
August 20, 2021
Fifth SEISS grant – amended HMRC guidance
August 19, 2021
Discounts and incentives – the VAT implications
August 17, 2021
New reporting rules for digital platforms
August 16, 2021
Limited cost trader – managing purchases tax efficiently
August 11, 2021
MTD deadline accelerated
August 5, 2021
August 2021 Q&As
August 5, 2021
Is there a tax cost for charitable donations?
August 5, 2021
Rewarding loyal customers
August 5, 2021
Tax-efficient ways to pay for your partner’s pension
August 3, 2021
HMRC answers questions on 30-day CGT reporting
July 30, 2021
EIS or VCT – which is right for you?
July 26, 2021
Discounts and incentives – the VAT implications
July 23, 2021
LPC publishes report on NMW compliance
July 20, 2021
Gender pay gap – countdown to 2021 reporting
July 19, 2021
A tax-saving tip for incorporating your business
July 16, 2021
Is annual accounting for VAT worth considering?
July 14, 2021
Offsetting overpaid CGT
July 12, 2021
Taxing the SEISS – what’s the latest?
July 8, 2021
HMRC doubles up on SEISS tax
July 7, 2021
Grant 5 details under the SEISS announced
July 5, 2021
When is a CGT deferral cut short?
July 5, 2021
July 2021 Q&As
July 5, 2021
Is tax relief due on pre-trading expenses?
July 2, 2021
Why file your tax return early?
June 30, 2021
Keep-fit tax incentive for company owners
June 28, 2021
HMRC phases in new IT system
June 25, 2021
COVID tax easements summarised
June 23, 2021
Refund now, check later SDLT claims
June 22, 2021
Double check your P11Ds while there’s time
June 21, 2021
VAT on charging electric vehicles
June 18, 2021
All change on right to work checks
June 16, 2021
How to respond to an HMRC inspection
June 14, 2021
HMRC relaunches Agent Dedicated Line
June 11, 2021
Director banned for poor record keeping
June 10, 2021
VAT deadline imminent
June 4, 2021
June 2021 Q&As
June 4, 2021
Reclaim more VAT on car expenses
June 4, 2021
Third-party perks and P11Ds – whose job is it?
June 4, 2021
How to restructure a loan tax efficiently
June 2, 2021
Super-deduction extended
June 1, 2021
What’s the best way to repay a director’s loan?
May 28, 2021
Have P60s been sent?
May 27, 2021
New rate makes company loans cheap
May 26, 2021
MTD for corporation tax
May 24, 2021
HMRC warns of disrupted VAT payments
May 21, 2021
HMRC out of time to raise assessment
May 20, 2021
HMRC wins big in “tax on gifts” case
May 17, 2021
Shared parental pay and leave
May 14, 2021
Women’s state pension error – the tax position
May 13, 2021
Gary Lineker in status row with HMRC
May 11, 2021
Minimising tax on a shared company car
May 10, 2021
New off-payroll rules and PAYE reporting
May 7, 2021
May 2021 Q&As
May 7, 2021
Too late to investigate!
May 6, 2021
HMRC news for April
May 5, 2021
What’s new with pensions?
May 3, 2021
CIS and joint contracts – who pays the tax?
April 29, 2021
HMRC warns of SEISS email scam
April 28, 2021
Using stock-take to cut a client’s tax bill
April 27, 2021
Defer CGT payment on property
April 26, 2021
SEISS: fourth grant claims gateway now open
April 23, 2021
HMRC issues reminder about VAT penalty
April 22, 2021
New help for partially exempt businesses
April 21, 2021
Tighter rules for holiday home business rates
April 18, 2021
VAT penalty overhaul confirmed for 2022
April 16, 2021
Avoiding the CGT bed and breakfast anti-avoidance rules
April 15, 2021
Why fund your business from personal savings?
April 13, 2021
The benefits risk of company mobile phones
April 12, 2021
HMRC plans to make tax payable sooner
April 9, 2021
Furlough scheme fraud penalties
April 8, 2021
New tax year brings key changes
April 7, 2021
April 2021 Q&As
April 7, 2021
Reclaiming VAT for a promotional event
April 7, 2021
Claiming rent-a-room relief while you’re away
April 7, 2021
A director’s loan and change of accounting date
April 7, 2021
SDLT and transferring your business to a company
April 6, 2021
Trust registration deadline extended
March 31, 2021
Tax rises shunned – for now
March 30, 2021
Only two days left to avoid 5% penalty
March 26, 2021
New tax year, new tax code
March 25, 2021
Tax day announcements hint at system overhaul
March 23, 2021
NEW Covid Support Grant from your local council
March 22, 2021
Government import and export grant now available
March 19, 2021
Can you claim the tax-free property allowance?
March 17, 2021
HMRC loses high profile IR35 appeal case
March 16, 2021
COVID-19 and travel restrictions
March 15, 2021
Personal or company investment in woodlands
March 12, 2021
Remuneration strategies for the old and new tax years
March 10, 2021
HMRC warning over Class 2 NI
March 9, 2021
Dealing with Direct Earnings Attachments
March 5, 2021
Corporation tax hiked. But for which companies?
March 4, 2021
Budget Report 2021
March 3, 2021
March 2021 Q&As
March 3, 2021
Can you invest your pension fund in your business?
March 3, 2021
When is the right time to opt to tax a property?
March 3, 2021
The tax rights and wrongs of paying your partner
March 2, 2021
The tax year-end car mileage trap
March 1, 2021
Incorporation relief – is it always the best option?
February 26, 2021
Deferred VAT payment scheme launches
February 25, 2021
Capital allowances incentive for “green” cars extended
February 24, 2021
End of tax year PAYE procedures
February 23, 2021
Tax efficiency and savings: diversity in planning
February 21, 2021
More help with self-assessment tax bills
February 18, 2021
Tax-efficient gifts of shares to your grandchildren
February 17, 2021
Tax and your Green Homes Grant?
February 16, 2021
Getting your company to buy your home
February 14, 2021
Marriage allowance – HMRC unfairly refusing claims
February 11, 2021
Deferred VAT – what’s the latest?
February 8, 2021
NMW back on the radar
February 5, 2021
Is your payroll software up to date?
February 3, 2021
February 2021 Q&As
February 3, 2021
VAT and simultaneous supplies of goods and services
February 3, 2021
Can a director use the company to make a personal profit?
February 3, 2021
Tackling the tricky issue of PAYE and casual workers
February 3, 2021
Are you entitled to tax relief for training?
February 2, 2021
Off-payroll working – April deadline looms
February 1, 2021
Private residence relief: using case law to support claims
January 29, 2021
Tax and business interruption policies
January 28, 2021
Tax status of a second job
January 27, 2021
When are you required to issue a full VAT invoice?
January 26, 2021
Self-assessment late filing penalties cancelled
January 25, 2021
Postponed VAT accounting: practicalities
January 22, 2021
Tax due? Set up time to pay online
January 20, 2021
Just days left to claim third coronavirus business grant
January 19, 2021
Giving away company equipment
January 18, 2021
Cars – is a home electric charging point tax exempt?
January 15, 2021
No more delay to new reverse charge for builders
January 13, 2021
Sold your home – when do you need to report it to HMRC?
January 12, 2021
HMRC employment status tool trouble
January 8, 2021
Gender pay gap and furlough
January 7, 2021
January 2021 Q&As
January 7, 2021
Tax deductions for business start-up costs
January 7, 2021
Tax-efficient use of a company van
January 7, 2021
The tax pros and cons of alphabet shares
January 7, 2021
Has the deal changed your Brexit preparations?
December 28, 2020
Cycle to work conditions relaxed
December 23, 2020
Rates and thresholds for 2021/22
December 22, 2020
HMRC refuses to budge on filing deadline
December 18, 2020
Furlough scheme extended again
December 16, 2020
Cut in CO2 emissions thresholds for business cars
December 13, 2020
VAT – reducing the cost of moving home
December 11, 2020
New VAT number checking tool
December 8, 2020
Virtual Christmas – taxable?
December 7, 2020
HMRC gets tough on tax scheme ads
December 4, 2020
Using rent-a-room elections to save tax
December 4, 2020
Using a loan to reduce the tax on company cars
December 4, 2020
An inheritance tax-saving tip for married couples
December 4, 2020
Do interest payments on company loans save tax?
December 3, 2020
HMRC tightens CIS rules
December 1, 2020
Late payment spreading claims accepted to 31 December
November 26, 2020
Full details of third SEISS grant announced
November 26, 2020
HMRC launches new VAT deferral scheme
November 25, 2020
HMRC begins checking “Eat Out” payments
November 23, 2020
HMRC fishing for tax on property sales
November 20, 2020
Conditions for allowance relaxed
November 19, 2020
Are you liable to a penalty for making a mistake?
November 18, 2020
81 year old denied business property relief
November 17, 2020
Annual investment allowance extended to £1m for another year
November 16, 2020
HMRC going undercover
November 13, 2020
Local and national restrictions support grant fund update
November 13, 2020
CGT rate to double?
November 11, 2020
Covid-19 support grants for businesses
November 9, 2020
When are golden handshakes taxable?
November 6, 2020
CJRS extended to spring 2021
November 5, 2020
Chancellor extends furlough scheme to March
November 5, 2020
Further increase in coronavirus help for the self-employed
November 5, 2020
November 5 – when can you leave home?!
November 4, 2020
Feeding your workforce – avoiding a tax trap
November 3, 2020
November 2020 Q&As
November 3, 2020
Selling the family silver – how to minimise the tax bill
November 3, 2020
Reduce the VAT to increase your sales
November 3, 2020
Is entertaining a director ever tax deductible?
November 3, 2020
When can more than one mobile phone be exempt?
November 2, 2020
Coronavirus Job Retention Scheme extended
October 30, 2020
The Job Support Scheme: How can it help employers?
October 29, 2020
Tax-Free Childcare eligibility further extended
October 28, 2020
Don’t miss opportunities to claim now
October 26, 2020
COVID – Job Support Scheme Update
October 23, 2020
COVID – Additional funding for businesses
October 23, 2020
COVID – Self-employment grant cap doubled
October 21, 2020
When should you account for PAYE on your salary or bonus?
October 20, 2020
Transferring a company property to personal ownership
October 19, 2020
Received an SEISS grant? Check your inbox to avoid a penalty
October 16, 2020
Avoiding tax trouble with earn-out deals
October 15, 2020
Tax-efficient help for worried employees
October 13, 2020
Will your home office give you a tax headache?
October 13, 2020
Job Support Scheme expanded to help firms required to close
October 12, 2020
COVID-19 Support – Further guidance on business support schemes
October 9, 2020
Tax-efficient income from your company
October 6, 2020
October 2020 Q&As
October 6, 2020
What is a “going concern” for VAT purposes?
October 5, 2020
Kickstart for employers
October 5, 2020
What are your options for investing in another company?
October 5, 2020
Coronavirus pressures hits HMRC system
October 5, 2020
Maximising relief for terminal losses
October 5, 2020
When is a van a car?
October 1, 2020
Job Support Scheme
September 29, 2020
Business Bounce Back loan update
September 28, 2020
Self-Employment Income Support Scheme extended until April 2021
September 28, 2020
Temporary Reduced Rate of VAT
September 28, 2020
New Self Assessment Self-Serve Time To Pay Scheme
September 25, 2020
SEISS Grant Extension
September 25, 2020
Job Support Scheme – what does it really mean?
September 24, 2020
VAT repayment terms extended
September 23, 2020
An IHT break for employing your family
September 22, 2020
How far must you go to get a (tax) free meal?
September 21, 2020
HMRC overcomplicates 30-day CGT reporting for the digitally excluded
September 17, 2020
Expenditure was revenue not capital
September 17, 2020
HMRC and CJRS enforcement
September 15, 2020
New local lockdown payments
September 14, 2020
Further arrests in furlough payment fraud
September 11, 2020
You’ve deferred your tax – what next?
September 10, 2020
When can you divide your salary to save NI?
September 8, 2020
When is the best time to buy equipment for tax?
September 4, 2020
HMRC launch consultation on NIC holiday for veterans
September 4, 2020
Applying for a customs grant
September 4, 2020
Covid-19 support: SEISS second claim service open
September 4, 2020
September 2020 Q&As
September 4, 2020
Helping employees with cheap loans
September 1, 2020
Tribunal finds that ignorance of the law can be a reasonable excuse
August 24, 2020
An IHT trap found in most wills
August 14, 2020
What counts as a “going concern” for VAT purposes?
August 14, 2020
Can HMRC issue a tax bill if it discovers an error?
August 14, 2020
Is there a tax cost to losing a business tenant?
August 14, 2020
Minimising tax on staggered company share buy-backs
August 14, 2020
August 2020 Q&As
August 3, 2020
Tax-efficient incorporation of a loss-making business
July 31, 2020
Tax return following a delayed start to business
July 30, 2020
When is it too late for capital gains tax losses?
July 24, 2020
MTD dates for your diary
July 23, 2020
Restarting salary from your company
July 22, 2020
Pensions auto re-enrolment duties
July 21, 2020
Tackling financial crime
July 20, 2020
What is a reasonable excuse?
July 12, 2020
SEISS checks – are you ready?
July 12, 2020
Trouble with tax credits renewal
July 12, 2020
Summer statement – the tax measures
July 12, 2020
A Plan for Jobs – what’s to know?
July 9, 2020
COVID-19 Update
July 8, 2020
There’s more than coronavirus
July 7, 2020
July 2020 Q&As
July 7, 2020
Maximising tax deductions for your buy-to-let
July 7, 2020
Dodging compulsory VAT registration?
July 6, 2020
EMI tax relief for furloughed workers
July 3, 2020
Withdrawal charges cut until 2021
July 2, 2020
Can HMRC demand security from clients?
June 30, 2020
Using CGT losses efficiently
June 25, 2020
More time to claim SDLT refunds
June 24, 2020
Is there trouble ahead for pension savers?
June 23, 2020
HMRC to collect some tax debts sooner
June 12, 2020
Writing off an employee’s loan
June 11, 2020
End of a business and termination payments
June 9, 2020
New guidance on salary deductions
June 8, 2020
VAT charges for enticing a tenant
June 5, 2020
June 2020 Q&As
June 5, 2020
Sharing the company car tax efficiently
June 5, 2020
Public funding for private businesses
June 5, 2020
Tax and NI-free meals while on the move
June 2, 2020
How to manage your clients’ 30-day CGT reporting
May 29, 2020
Tax charges temporarily suspended
May 28, 2020
Are your clients overcharging VAT
May 27, 2020
Can clients cash in on worthless shares?
May 21, 2020
Tax relief for property rental losses
May 20, 2020
SSP rebate scheme launches 26 May
May 19, 2020
New tax exemption for homeworkers
May 18, 2020
Income tax planning during lockdown
May 15, 2020
Loss relief when a company’s business ends
May 14, 2020
More news on grants for self-employed
May 13, 2020
HMRC targets EA and AL
May 11, 2020
Will HMRC check furlough payment claims?
May 8, 2020
Bounce Back Loans launched
May 7, 2020
Don’t overpay VAT by overvaluing your sales
May 6, 2020
Get a return on your cash from your company
May 5, 2020
May 2020 Q&As
May 3, 2020
Can clients claim home to office travel?
April 27, 2020
Managing the FRS efficiently
April 24, 2020
Are local property levies tax deductible?
April 23, 2020
Digital linking deadline extended
April 22, 2020
Personally owned equipment – employer contributions
April 21, 2020
How to use the stock market fall to your (tax) advantage
April 20, 2020
Short-term borrowing from your business
April 16, 2020
Tax-free therapy now allowed
April 14, 2020
Working from home during coronavirus
April 8, 2020
Investment companies – maximising relief for losses
April 6, 2020
What next for IR35 sufferers?
April 3, 2020
April 2020 Q&As
April 3, 2020
Recovering VAT on sponsorship and entertaining costs
April 3, 2020
Do you need to prepare final period accounts?
April 3, 2020
How to save tax as tenants in common
April 3, 2020
Could coronavirus help clients?
March 17, 2020
Arrangements for continued provision of services
March 13, 2020
HMRC misleads employers on trivial benefits
March 11, 2020
Spring Budget Summary 2020
March 9, 2020
New reporting procedure for cars
March 6, 2020
Selling your business – maximise your tax-free cash
March 4, 2020
March 2020 Q&As
March 4, 2020
Can you reclaim VAT on staff expenses and benefits?
March 4, 2020
Maximising relief on clients’ property sales
March 4, 2020
Now’s the time to payroll benefits in kind
March 4, 2020
The ins and outs of reclaiming pre-registration VAT
February 27, 2020
Return of the two-tier NI threshold
February 26, 2020
Borrowing to lend to your company – what’s the tax position?
February 25, 2020
Join the club – it might be tax deductible
February 21, 2020
Businesses distracted by IR35
February 19, 2020
HMRC’s VAT “quick fixes”
February 18, 2020
HMRC changes its time to pay arrangements
February 17, 2020
NI contributions threshold increased to £9,500
February 13, 2020
HMRC’s guide to the loan charge
February 12, 2020
Pension contributions – have you fallen into the trap?
February 10, 2020
Benefits in kind for shareholders – are they tax efficient?
February 7, 2020
Child trust funds – new regulations
February 6, 2020
New minimum wage rates for 2020/21
February 4, 2020
VAT and Brexit
February 4, 2020
February 2020 Q&As
February 4, 2020
Splitting ownership: is it better to gift or sell the shares?
February 4, 2020
Inheritance tax planning with holding companies
February 4, 2020
PRR – what’s the period of ownership?
February 4, 2020
VAT grouping: can your clients benefit?
January 31, 2020
Is Brexit a reasonable excuse for lateness?
January 29, 2020
HMRC tweaks guidance on tax-free phones
January 27, 2020
HMRC publishes “Factsheet for contractors”
January 24, 2020
Avoiding the 2020 AIA trap
January 23, 2020
Happy endings: getting termination payments right
January 22, 2020
HMRC – no place to claim new SBA allowance
January 20, 2020
The FRS rules for buying and selling capital assets
January 16, 2020
The cost of moving home and office – is there tax relief?
January 14, 2020
Rental businesses – trouble with capital expenditure
January 13, 2020
HMRC warning over child benefit charge
January 10, 2020
Will HMRC write off your tax bill?
January 8, 2020
Budget set for 11 March
January 7, 2020
Rate cut is shelved
January 5, 2020
January Q&As
January 5, 2020
Directors and a National Insurance pension trap
January 5, 2020
Get more from your VAT annual adjustment
January 5, 2020
Minimising IHT if you own more than one property
January 5, 2020
Dodging a double tax hit on IR35 income
December 18, 2019
Loan notes – a tax-efficient payment for your business?
December 16, 2019
All together now – VAT groups
December 11, 2019
Seasonal gifts – the tax small print
December 9, 2019
General Election Tax Policies
December 5, 2019
How to avoid late payment penalties and interest
December 3, 2019
December Q&As
December 3, 2019
Help to buy ISA – use it now
December 3, 2019
An alternative to disapplying an option to tax
December 3, 2019
Can a loss-making company make pension contributions?
December 3, 2019
Using the new agent forum effectively
November 28, 2019
U-turn on probate fees
November 26, 2019
Time is nearly up for help-to-buy ISAs
November 21, 2019
Pre-start up expenses – are they tax deductible?
November 20, 2019
Will new CO2 ratings affect car-related taxes?
November 15, 2019
HMRC hints at IR35 amnesty
November 14, 2019
Dodging the VAT block on cars
November 11, 2019
Shift a little (income) to save a lot of tax
November 5, 2019
Help for inexperienced importers and exporters
November 3, 2019
November Q&As
November 3, 2019
Christmas – guidance for employers
November 3, 2019
Tax-efficient ways to use your pension savings
November 3, 2019
Tax relief for supporting a business
November 3, 2019
Time to pay your tax
October 30, 2019
Budget day cancelled
October 28, 2019
How to make CGT deferral more efficient
October 23, 2019
How long can you stay VAT registered?
October 18, 2019
What’s new with company cars in 2020
October 15, 2019
VAT – dividing a business
October 4, 2019
What are the lessons from the first tranche of MTD returns?
October 4, 2019
Discounts for employees – avoid a taxable benefit
October 4, 2019
Don’t forget to register clients as self-employed
October 4, 2019
New goodwill relief: do your clients qualify?
October 4, 2019
October Q&As
October 4, 2019
Why use an existing trading company to buy property?
October 1, 2019
How to enhance tax and NI-free termination payments
September 27, 2019
Paying a director off the record
September 20, 2019
Directors loans – is a book entry better than cash?
September 18, 2019
Making the transition from cash accounting
September 13, 2019
Construction industry reverse VAT charge delayed until 2020
September 13, 2019
Important change to cycle-to-work scheme
September 12, 2019
HMRC targets cash businesses
September 5, 2019
Tax planning with capital reductions
September 5, 2019
Capital Equipment – should it be bought personally?
September 5, 2019
A handy alternative to share option plans
September 5, 2019
Is a gift made to a company taxable?
September 5, 2019
September Q&As
August 19, 2019
Conversion or new building – dodging the standard-rate trap
August 15, 2019
Get by with a little help from your friends
August 13, 2019
Using company cash to buy your home
August 6, 2019
August Q&As
August 6, 2019
Workplace pension re-enrolment
August 6, 2019
The latest HMRC toolkits
August 6, 2019
HMRC plan to accelerate capital gains tax
August 6, 2019
New rules for employment allowance
July 26, 2019
Reclaiming VAT on purchases made abroad
July 17, 2019
Accurate bookkeeping saves tax
July 2, 2019
July Q&As
July 2, 2019
Airbnb – what are the tax consequences?
July 2, 2019
Was HMRC out of time to make an assessment?
July 2, 2019
Improve your leased premises tax efficiently
July 2, 2019
Avoiding a VAT trap on third party workers
June 3, 2019
Payroll year end – what’s still to be done?
June 3, 2019
Directors’ start-up costs – how to reclaim them
June 3, 2019
The trouble with changing your accounting date
June 3, 2019
June Q&As
May 6, 2019
May Q&As
May 3, 2019
Who’s allowed to help you with your tax?
May 3, 2019
Employers and NICs after Brexit
April 4, 2019
VAT collection for newly registered businesses
April 4, 2019
Loans or shares in your company?
April 4, 2019
Employing close family – tax efficient or tax trap?
April 4, 2019
New guidance on MTD exemptions
March 28, 2019
April Q&As
March 14, 2019
Spring Statement 2019
February 27, 2019
Voluntary disclosures
February 27, 2019
Checking directors’ expenses
February 27, 2019
Employer responsibilities for tips
February 27, 2019
HMRC reaffirm income tax charge on winding up
February 27, 2019
March Q&As
February 5, 2019
February Questions & Answers
February 5, 2019
FTT examines juicy VAT case
February 5, 2019
The ‘section 455 charge’
February 5, 2019
Maximising the benefit of Gift Aid donations
February 5, 2019
Making Tax Digital (MTD) pilot opens to all
January 2, 2019
January 2019 Questions & Answers
January 2, 2019
VAT: Supplies of digital services to consumers in the EU
January 2, 2019
Considering capital expenditure?
January 2, 2019
Can an employer still claim the Employment Allowance?
January 2, 2019
Make the most of tax efficient savings offers
December 3, 2018
December 2018 Questions & Answers
December 3, 2018
HMRC warn of tax scams targeting?students
December 3, 2018
Postgraduate Loans for employers
December 3, 2018
VAT reverse charge in construction industry
December 3, 2018
Company vans tax update
November 7, 2018
November Tax Questions & Answers
November 7, 2018
Software requirements under MTD
November 7, 2018
Making use of the trading allowance
November 7, 2018
High Income Child Benefit Charge
November 7, 2018
Apprenticeship Levy to help smaller firms
October 30, 2018
Autumn Budget Summary 2018
October 1, 2018
October Questions and Answers
October 1, 2018
HMRC launch MTD campaign
October 1, 2018
VAT on holiday accommodation
October 1, 2018
Help-to-Save accounts go live
October 1, 2018
Class 2 NICs to remain
September 3, 2018
Employers – student loan changes ahead
September 3, 2018
Realising tax-free cash from your assets
September 3, 2018
September 2018 Questions & Answers
September 3, 2018
HMRC consult on BIK changes
September 3, 2018
OTS proposes new online PAYE platform
September 3, 2018
VAT treatment of vouchers
September 3, 2018
Making Tax Digital Research Published
August 9, 2018
Can you pay your staff with gift vouchers?
August 1, 2018
Finance Bill 2018-19
August 1, 2018
HMRC update trust registration guidance
August 1, 2018
Saving tax with simplified expenses
August 1, 2018
Further Making Tax Digital Guidance Published
August 1, 2018
August 2018 Questions & Answers
July 18, 2018
The Tax Cost of Higher Mileage Allowances
June 29, 2018
HMRC continue to face issues with TRS
June 29, 2018
Capital Gains Tax payment date under consultation
June 29, 2018
EU mandatory tax disclosure rules take effect
June 29, 2018
Making Tax Digital update
June 29, 2018
July 2018 Tax Q&A
June 1, 2018
June Q&As
June 1, 2018
Corporate offences guidance updated
June 1, 2018
IT contractor wins IR35 case
June 1, 2018
Investors’ relief
June 1, 2018
Use tax to keep employees healthy
May 24, 2018
Auto-enrolment – don’t forget to claim!
May 9, 2018
Carillion update: Claiming for share losses
May 1, 2018
May Q&As
May 1, 2018
When are tips taxable?
May 1, 2018
Diesel car supplement increase takes effect
May 1, 2018
Use Gift Aid to save tax
April 24, 2018
Selling your home office – will you have to pay tax?
April 17, 2018
Bitcoin: But what about the tax consequences?
April 17, 2018
New tax supplement for diesel cars
April 10, 2018
Childcare voucher deadline extended
April 3, 2018
April Q&A
April 3, 2018
Finance Act 2018 changes affecting partnerships
April 3, 2018
Wales ready for tax changes
April 3, 2018
Offshore income and the RTC rule
March 27, 2018
Achieve optimum tax efficiency in 2018/19
March 14, 2018
HMRC’s Making Tax Digital pre-population API stalls
March 14, 2018
Avoid a cliff edge for first time buyers
March 14, 2018
Do you have a gender pay gap?
March 14, 2018
Final call for employer childcare schemes
March 14, 2018
Spring Statement 2018 – Summary
March 7, 2018
Grab your extra tax-free perks while you can
March 1, 2018
Individual Savings Accounts Limits Update
March 1, 2018
Tax Deductions for Family Members’ wages
March 1, 2018
HMRC wins IR35 appeal
March 1, 2018
Inheritence Tax: Know Your Limit
February 26, 2018
Trustees must register their trust with HMRC by 5 March 2018
February 19, 2018
Business expenses – claim for your first-class travel
February 19, 2018
‘Unexplained Wealth Orders’ give HMRC wider powers
February 19, 2018
Do you have a gender pay gap?
February 13, 2018
Can you deduct training costs from profits?
February 7, 2018
What?s a ?reasonable excuse? for paying your tax late?
February 5, 2018
Minimise benefit in kind loan charges
February 1, 2018
February Q&A
February 1, 2018
The Latest Making Tax Digital Progress
February 1, 2018
HMRC clarify VAT treatment of affiliation fees for sports clubs
February 1, 2018
Two million couples still missing out on Marriage Allowance
February 1, 2018
Tax-free Childcare Available to Parents With Children Under 9
January 30, 2018
Does your startup still qualify for SEIS?
January 23, 2018
Guidance & Tips: Buy-to-let finance
January 23, 2018
Workplace pension auto-enrolment: next steps
January 23, 2018
Tax dos and don?ts of employing casual workers
January 23, 2018
The future for PAYE: penalties and interest
January 23, 2018
Don’t miss your tax deadline: 31 January is nearly here!
January 15, 2018
Credit or bad debt? Dealing with refunds and cancellations
January 9, 2018
Workplace pension auto-enrolment – new employers must act
January 2, 2018
New tax bands announced in Scottish Budget
January 2, 2018
Consider forming a partnership
January 2, 2018
Fulfilment House Due Diligence Scheme
January 2, 2018
Spring Statement date confirmed
January 2, 2018
January Q&A
December 18, 2017
Business set-up costs – what can and can?t be claimed?
December 18, 2017
Do I have to pay VAT on postage?
December 18, 2017
“I filled in my tax return wrong! What can I do?”
December 18, 2017
Four Budget points for SMEs
December 12, 2017
Last minute ways to reduce your tax bill
December 1, 2017
December Q&A
December 1, 2017
SDLT: relief for first time buyers
December 1, 2017
Flat rate NI delayed until 2019
December 1, 2017
Less tax on optional car benefit
December 1, 2017
HMRC: Clarity on taxation of partnerships
November 23, 2017
Autumn Budget Summary 2017
October 31, 2017
November Q&As
October 31, 2017
Using the IHT gift exemptions
October 31, 2017
All change for termination payments
October 31, 2017
OTS outlines future work plans
October 31, 2017
HMRC launch new business support service
September 28, 2017
MTD VAT regulations to be available by April 2018
September 28, 2017
October questions and answers
September 28, 2017
The cost of driving a ?greener? car
September 28, 2017
HMRC launch further Help-to-Save consultation
September 28, 2017
Getting ready for GDPR
August 29, 2017
September Q&As
August 29, 2017
Making Tax Digital for Business: update
August 29, 2017
Double glazing salesmen was self-employed
August 29, 2017
Paying Class 2 NICs
August 29, 2017
New anti-money laundering regulations take effect
July 25, 2017
August questions and answers
July 25, 2017
Paying voluntary NICs
July 25, 2017
SDLT on second homes
July 25, 2017
Switching to the cash basis
July 25, 2017
Mileage rates for electric and hybrid cars
June 27, 2017
July Questions and Answers
June 27, 2017
New state pension and contracted-out NICs
June 27, 2017
Rent a room scheme
June 27, 2017
VAT: zero-rating of adapted motor vehicles
June 27, 2017
Working from home
June 1, 2017
IHT: Main residence nil-rate band
June 1, 2017
June Questions & Answers
June 1, 2017
Brexit legislation update
June 1, 2017
CGT annual exemption: use it or lose it!
June 1, 2017
Reform of landlords’ taxation?
May 3, 2017
May Tax Q&As
May 3, 2017
VAT Flat rate scheme: changes take effect
May 3, 2017
Tax-free savings update
May 3, 2017
Automatic enrolment for pensions
April 3, 2017
Change to Class 4 NIC rate reversed
April 3, 2017
Registration for tax-free childcare opens
April 3, 2017
April questions and answers
April 3, 2017
Apprenticeship Levy
March 9, 2017
Budget Summary 2017
February 28, 2017
March questions and answers
February 28, 2017
Changes to company carry-forward of losses confirmed
February 28, 2017
Salary v dividend
February 28, 2017
Tax-free access to pension advice
February 28, 2017
Changes to IR35 rules confirmed
February 1, 2017
February Tax Questions and Answers
February 1, 2017
HMRC’s tougher approach to offshore tax evasion
February 1, 2017
Implementation timetable for Making Tax Digital extended
February 1, 2017
Coming soon: tax-free childcare
January 4, 2017
January Tax Questions & Answers
January 4, 2017
Disguised remuneration and the self-employed
January 4, 2017
Company cars: ultra-low emissions vehicles
January 4, 2017
Abolition of Class 2 NICs
January 4, 2017
Changes to the VAT flat rate scheme
December 13, 2016
Self-assessment and disclosure
December 13, 2016
Help-to-Save
December 13, 2016
NMW increases take effect
December 13, 2016
Restriction of tax relief on finance costs for individual landlords
December 13, 2016
December Tax Q&A
December 13, 2016
Caps on income tax relief
December 13, 2016
Employment Allowance consultation launched
December 13, 2016
Voluntary living wage increase takes effect
December 13, 2016
HMRC clarify pre-registration of VAT policy
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