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...
Transferring unused IHT residence nil rate band
The Inheritance Tax residence nil rate band (RNRB) is a transferable allowance for married couples...
Directors and National Insurance
Directors are classed as employees and pay National Insurance on annual income from salary and...
Statutory Pay assistance
An employer can usually reclaim 92% of employees’ Statutory Maternity, Statutory Paternity, Statutory Adoption, Statutory...
Need to register for self-assessment?
There is an online tool, developed by HMRC, that allows taxpayers to check if they...
Setting up as a sole trader
Setting up in business as a sole trader is arguably the simplest way of starting...
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