Recent changes to the annual allowance are resulting in landlords paying more capital gains tax when selling a buy-to-let property. We discuss the changes and the reporting deadline which could result in penalties if missed.
If you receive a letter from HMRC stating you may have received overseas income or gains which are taxable in the UK, what should you do? We highlight some common errors on tax returns.
Being made redundant as part of insolvency can be a hugely distressing time for you and your family, leaving you with many questions. What does this all mean for you and how can you get the money you’re owed?
Melissa Muscat, corporation tax specialist, unpicks the potentially significant change in legislation that impacts both the rate companies pay corporation tax, as well as the payment deadlines.
If you have income from overseas, you likely have to disclose this to HMRC, even if you don’t bring it into the UK. HMRC are sending nudge letters to individuals who have offshore income they haven’t reported as they may need to pay UK tax.
If you’re thinking of building a garden office, you may be wondering if you can get tax relief. The simple answer is yes, but it isn’t as tax effective as you may think. What can you claim and what are the tax implications?
Now the super-deduction capital allowance has ceased, we take a look at tax reliefs for companies purchasing plant and machinery: the new ‘full expensing’ capital allowance and the Annual Investment Allowance.
It’s time to stop and think about the end of the VAT year. We explain what partial exemption adjustments you may need to make, especially for those in the Capital Goods Scheme or Tour Operators Margin Scheme.
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