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Tax News | Industry Updates
We share update sector news and tax changes when it happens. Keep an eye on our blog so you are better informed to make business decisions.
How to Make a Complaint to HMRC
Contact HM Revenue and Customs (HMRC) as soon as possible to complain about their service, for example if there have been mistakes or unreasonable delays.
Lettings Relief – benefit from it while you can
If a disposal of a property currently qualifying for lettings relief is on the cards, it may be beneficial to sell before 6 April 2020 rather than afterwards.
SDLT and First Time Buyers
First-time buyers are able to benefit from Stamp Duty Land Tax (SDLT) relief when they buy their first home – but only if the property that they are buying does not cost more than £500,000.
Code of Practice 9 Investigations: Don’t Fall into The Pit of The Taxman
HMRC is very adept when it comes to investigating tax fraud. When the tax office suspects that a serious fraud has been committed, they issue
IR35 in Private Sector: Are You Prepared for It?
Individuals hired for one-off projects that are not classed as employees are not entitled to company benefits such as NI contributions and sick pay.
How to Calculate Tax on Rental Income
Your income consists of the rent you receive from your tenants and any funds you receive for covering varied service charges.
Cheating Revenue Tax Evasion Charge
If you are hiding anything or know that you have misrepresented your earnings and therefore miscalculated your tax; you should disclose this to HMRC before things go any further.
Tax on Foreign Income
If you are resident and living in the UK you will pay your tax on income, wherever it comes from, on an arising basis. That means you will pay the tax due for the year in which the income was created. It is not affected by whether you bring that income to the UK or not.
HMRC Tax Investigation and How Far Back Can HMRC Investigate
Whether you are a small or large business, making sure you pay the appropriate amount of tax is important. Many will try to reduce their