Tax Updates

claiming NIC veterans relief
Claiming NIC veterans’ relief from April 2022
13th May 2022

Claiming NIC veterans’ relief from April 2022 To encourage employers to employ armed forces veterans, a new relief was introduced with... Read More
MTD for VAT for all
MTD for VAT for all
13th May 2022

MTD for VAT for all Under Making Tax Digital (MTD) for VAT, VAT-registered traders must keep electronic records and file their... Read More
Filing 2021/22 expenses
Filing 2021/22 expenses and benefits returns
13th May 2022

Filing 2021/22 expenses and benefits returns Employers who provided their employees with taxable expenses and benefits  in 2021/22 need to report... Read More
construction industry scheme
Construction Industry Scheme – caution when working with other contractors
12th May 2022

Construction Industry Scheme - be aware of the 'trap' when working with other contractors The Construction Industry Scheme (CIS) sets out... Read More
changing company accounting periods
Changing company accounting periods – the implications
12th May 2022

Changing company accounting periods - the implications The usual method of incorporation is via Companies House WebFiling or Company Formation Agent... Read More
holiday let tax rules
Holiday lets – what happens if the rules are not complied with?
12th May 2022

Holiday lets - what happens if the rules are not complied with? When it comes to letting property, not all are... Read More
Picture of an electric car
Should I buy an electric car through my business?
12th May 2022

What are the benefits of buying an electric car? The Government is committed to encouraging the purchase of electric cars. One…

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compulsory acquisition of land
Compulsory acquisition of land – tax consequences
11th May 2022

Compulsory acquisition of land – tax consequences The decision to sell land or property will, in most cases, be made by... Read More
SDLT savings for mixed use properties
SDLT savings for mixed use property
11th May 2022

SDLT savings for mixed use property Different stamp duty land tax (SDLT) rates apply to residential and to commercial properties. The... Read More
property allowance
Can you benefit from the £1000 property allowance
11th May 2022

Can you benefit from the £1,000 property allowance? If you have income from land and property, you may be able to... Read More
corporation tax increases soon take effect
Corporation tax increases soon to take effect
9th May 2022

Corporation tax increases soon to take effect Corporation tax is being reformed and companies with profits of more than £50,000 will... Read More
have you claimed employment allowance
Have you claimed the Employment Allowance?
9th May 2022

Have you claimed the Employment Allowance? The Employment Allowance is a National Insurance allowance that eligible employers can claim and set... Read More