Tax Tips and News for 2016
This issue … Making Tax Digital: Launch of PTAs; VAT Partial Exemption Changes Following Le Credit Lyonnais; 2016 Fuel and Van Benefit Rates Set; Introducing Innovative Finance ISAs; January Questions and Answers; January Key Tax Dates
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As part of a £1.3bn investment to transform HMRC into one of…
Five Tax Saving Tips for Entrepreneurs
Whether you’re a seasoned entrepreneur looking for your next challenge, or this is the first time you’ve traded as a start-up, when you begin a new venture you should waste no time in looking into ways in which you can save money on your tax bill at every step of the way.
Below we’ve complied five of our best tax saving tips for entrepreneurs. This list is perfect to get your new venture…
Tax Tips and News for August 2015
This issue … Tax-free Childcare; Rent a Room; Help to Buy ISAs; Employment Allowance; August Questions and Answers; August Key Tax Dates
Tax-free Childcare
Tax-free childcare is part of the government's long-term plan to support working families and will provide up to 1.8m families across the UK with up to £2,000 of childcare support per year, per child, via a new online system. It was…
Take Advantage of Your Capital Gains Tax (CGT) Allowance
Your Capital Gains Tax (CGT) Allowance, also known as your Exemption Limit or Annual Exempt Amount, is the amount of profit you can make on the sale of property or an investment in a given year before you pay Capital Gains Tax on the amount above this figure.
You can find out your personal capital gains amount in a given year by deducting any losses and reliefs from the gains you made, thus…
Ten Ways to Pay Less Tax
Looking for smart ways to pay less tax should be seen as a critical part of your tax planning, both on behalf of your personal finances and the finances of your business.
Though some may feel that doing all you legally can to keep your tax bill as low as possible isn't something they would wish to be associated with, the truth is you're already paying for these reliefs and allowances to be…
Tax Tips and News for May 2015
This issue … Forms P11D and P9D; Cancelling VAT or VAT-MOSS Registration; ATED Reporting; Auto-enrolment exemptions; May Question and Answer Section; May Key Tax Dates
Forms P11D and P9D
The forms P11D and P9D need to be submitted to HMRC by 6 July 2015 where expenses or benefits were provided to your employees in 2014/15, which are not covered by a dispensation, or are not otherwise exempt…
Capital Gains Tax for Non-UK Residents on Residential Property
From 6 April 2015 non-UK residents wishing to sell or dispose of a UK residential property will be required by law to contact HM Revenue and Customs (HMRC) to let them know, as Capital Gains Tax (CGT) may be due on any gains made.
This new capital gains tax for non-UK residents comes after an open consultation was held by the Government between 28 March and 21 June 2014 in a bid to discuss the…
How to Save Money on Your Self-Assessment Tax Return
The new year is now well underway, which can mean only one thing for self-employed small (and medium-sized) business owners; it’s time to finally get around to submitting your self-assessment tax return.
Your 2013-14 self-assessment tax return is due at midnight on 31 January 2015, as is your final payment of any tax due.
There are dozens of ways to save money on your tax return year after…
Tax Tips and News for December 2014
This issue … Autumn Statement 2014 Summary, Property Taxes, Employers, Business Taxes, Individuals, Tax Favoured Investments, Capital Taxes
Welcome to the 3rd December 2014 Autumn Statement edition of Tax Tips & News.
In this analysis we have mainly concentrated on the tax measures that will directly affect individuals, employers and small businesses.
Autumn Statement 2014 Summary…
Tax Tips and News for November 2014
This issue … Pensions Death Tax, Taskforce at Large, National Insurance Contributions, Mini One Stop Shop (MOSS), November Questions and Answers, November Key Tax Dates
Pensions Death Tax
Currently, if you die before you have started to draw your pension, the value of your pension fund will not usually be subject to inheritance tax (IHT) at 40%, as it is excluded from your estate. However,…