Blog

Tax-free gains 2019-20


There are still a number of sales (disposals) that a UK taxpayer can make that will not incur a charge to the UK’s Capital Gains Tax. For most of us... Read More >>
HMRC and the National Minimum Wage rates


Readers are reminded that from 1 April 2019, the National Living Wage (NLW) and National Minimum Wage (NMW) hourly rates increased to: 25 and over ... Read More >>
Landlords faced with another tax hit next year


From April 2020, HMRC are changing two important tax concessions that apply to landlords letting property that they as owners have previously occupied... Read More >>
Employers what is Class 1a NIC?


If you have employees, and if one or more of those employees benefit from the use of facilities that you provide, cheap loans, a company car for examp... Read More >>
Tax Diary May/June 2019


1 May 2019 – Due date for Corporation Tax due for the year ended 30 July 2018. 19 May 2019 – PAYE and NIC deductions due for month ended 5... Read More >>
Do not forget the payslips


If you are an employer, you have a statutory duty to provide your employees with a copy of their P60 (pay and tax details for 2018-19) on or before th... Read More >>
Income Tax – regional differences


You will pay Scottish Income Tax if you live in Scotland, Income Tax if you live in England or Northern Ireland and the Welsh Income Tax if you live i... Read More >>
Can you change a will after death?


On the face of it, this sounds implausible. How can you change your will if you have died? In reality, as long as any beneficiaries left worse off aft... Read More >>
Expenses you can set-off against rental income


The expenses you claim against your property income will need to follow the usual HMRC ruling that the costs must be incurred wholly and exclusively f... Read More >>
Do you manage your own VAT returns?


Unless you opt to register, or use, one of the available VAT special schemes, you are likely paying VAT to HMRC once a quarter based on the difference... Read More >>

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