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Understanding What is Your ‘Main Residence’?
Going all around the houses, for nothing
A regular example of things going wrong is claiming to be tax exempt when you sell your dwelling at a profit. Many people think that to occupy a property as a dwelling is enough to get this “Main Residence Relief”.
VAT – Building Complexity Next Year
The Reverse Charge Mechanism is Coming
HMRC is planning to introduce new rules to combat construction fraud. The changes are a long way off, but we want to tell you about this now in case you haven’t heard about this yet.
PAYE – Pay as You Earn – 2018 Update
If you are an employer, important deadlines are looming on a number of topics for the tax year 2017-18.
Thursday 5 July 2018
Receipt by HMRC of PAYE Settlement Agreement document.
Couples and Property Tax
Not really news… but maybe “News to you”
In this occasional series, we look at things that you might not know but knowing could save you some money. This time we look at:
Considering an EMI Share Scheme? It’s Back on Track
UK business is “very relieved” – EMI Share Schemes are back on track!
Have you been thinking of granting Enterprise Management Incentives to your key people?
Making Tax Digital? What This Means for UK SMEs
UK business is “very relieved” – EMI Share Schemes are back on track!
Have you been thinking of granting Enterprise Management Incentives to your key people?
Changes to Personal Tax in the 2018 Budget
The personal allowance
The personal allowance for 2018/19 is £11,850.
The marriage allowance
The marriage allowance permits certain couples, where neither pays tax at more than the basic rate, to transfer 10% of their unused personal allowance to their spouse or civil partner, reducing their tax bill by up to £237 a year in 2018/19.
Employer Provided Cars? Strap in For Some Changes
More Lane Swapping Coming in 2018
The scale of charges for working out the taxable benefit for an employee who has use of an employer provided car are now announced well in advance. Most cars are taxed by reference to bands of CO2 emissions multiplied by the original list price of the vehicle. Currently there is a 3% diesel supplement. The maximum charge is capped at 37% of the list price of the car.
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