The Association of Taxation Technicians (ATT) has issued a warning to residential property owners, about the need to carefully consider the timing of any sale or gift of their property in future.
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December 6, 2018
HMRC urging businesses to prepare for potential no-deal Brexit
Ahead of Britain’s upcoming departure from the European Union (EU), HM Revenue & Customs (HMRC) is warning businesses about the necessary steps they need to take to prepare for the unlikely event of a no-deal Brexit.
November 22, 2018
SMEs urged to claim broadband vouchers
The Government is urging SMEs make use of a scheme that can earn them a £2,500 voucher towards the installation of fibre optic broadband.
November 15, 2018
Wages showing fastest increase in almost a decade
According to the latest figures from the Office for National Statistics (ONS), wages rose at the fastest pace in nearly a decade in the three months to September.
November 9, 2018
HMRC considering reforming trusts that allow families to pay less inheritance tax
Hundreds of thousands of taxpayers could be affected by potential reforms of the financial arrangements that allow them to pass on their wealth.
August 18, 2017
HMRC Important filing deadlines
Important Deadlines for individuals, self-employed and CIS subcontractors Individuals, sole traders and CIS subcontractors Filing deadline Second payment on account for 2019/20 tax year 31 July 2020 Deadline to advise HMRC that you need to register for self-assessment for the tax year 2018/2019 5 October 2019 Deadline for filing Self-Assessment Tax Return with HMRC if
July 13, 2017
What expenses can I claim as a contractor working through my own Ltd company?
In simple terms, expense is the money spent by an organisation for the purpose of business. In accounting, an expense is an outflow of cash or other asset of value incurred during a particular accounting period. As a limited company contractor, you may incur various business expenses whilst undertaking your contract duties. Claiming all your
July 13, 2017
The Marriage allowance
The marriage allowance was introduced to take effect from the tax year 2015/16. The marriage allowance allows certain individuals who are married or in a civil partnership to elect to transfer some of their personal allowance to their spouse or civil partner. Who will get the benefit? The election will be relevant to those couples
July 13, 2017
Flat Rate VAT Scheme and Limited Cost Traders
A business is a limited cost trader if its VAT inclusive expenditures on relevant goods is either: Less than 2% of your VAT Flat rate turnover Greater than 2% of your VAT flat rate turnover but less than £1,000 per year or £250 for the quarter You are required to check every quarter if you
July 13, 2017
Budget Highlights 2017
Income taxThe personal allowance for the tax year 2017/18 has been increased to £11,500.Class 2 and Class 4 National Insurance contributions (NICs) The government will abolish Class 2 NICs on self-employed from April 2018. The rate of Class 4 National Insurance will increase from 9% to 10% in April 2018, and then to 11% in