Reclaiming pre-trading VAT
There are special rules that determine the recoverability of VAT incurred before a business registered...
Are we unpaid tax collectors?
Business owners often refer to VAT as if it were a cost to their business...
Child Benefit for 16 – 19 year olds
More than a million parents will receive reminders to extend Child Benefit for their teenagers...
Multiple Dwellings Relief for SDLT
It was announced as part of the Spring Budget 2023 that Multiple Dwellings Relief (MDR)...
Self-assessment payments on account
Self-assessment taxpayers are usually required to pay their income tax liabilities in three instalments each...
Non-resident UK property sales
There are specials rules that apply to UK property sales by non-residents. Since 6 April...
Interest on children’s savings
All children in the UK have their own personal allowance, currently £12,570. There are special...
Correcting errors in VAT returns
Where an error on a past VAT return is uncovered businesses have a duty to...
Types of HMRC enquiries
HMRC can enquire into any statutory return (or amendment of that return) or statutory claim...
Falling inflation – what does it mean for you?
The following notes are reproduced from a Treasury statement issued 21 May 2024.
Lower inflation supports...
New Brooms
As time passes during the present election campaign, its seems more likely that we may...
Tax Diary July/August 2024
1 July 2024 - Due date for corporation tax due for the year ended 30...
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