ICO issues notices of intention to fine BA and Marriott

Following an extensive investigation, the Information Commissioner’s Office (ICO) has announced that it has issued a notice of its intention ...
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Reminder to renew your tax credit claim

Families and individuals that receive tax credits should ensure that they renew their tax credit claims by 31 July 2019 ...
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Draft legislation for Finance Bill 2019-20

The Government has published the draft legislation for Finance Bill 2019-20, along with accompanying explanatory notes, tax information and impact ...
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Corporate Capital Loss Restriction

Under current rules up to 100% of chargeable gains can be set against carried-forward capital losses. For accounting periods ending ...
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Rules for off-payroll working from April 2020

The rules for individuals providing services to the public sector via an intermediary such as a Personal Service Company (PSC) ...
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Tax simplification for self-employed

The Office of Tax Simplification (OTS) was established in July 2010 to provide advice to the Chancellor on simplifying the ...
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Be wary of 60% Income Tax charge

For high earning taxpayers the personal allowance is gradually reduced by £1 for every £2 of adjusted net income over ...
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Will you have to repay Child Benefit for 2018-19?

The High Income Child Benefit charge applies to taxpayers whose income exceeds £50,000 in a tax year and who are ...
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Reminder to sign up for Making Tax Digital before August

VAT registered businesses with a turnover above the VAT threshold, need to be ready to keep digital records for VAT ...
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Changes to the Employment Allowance

It was announced as part of the Autumn Budget 2018 measures that access to the Employment Allowance was to be ...
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Loss buying restrictions

Under qualifying circumstances, Corporation Tax (CT) relief is available where your company makes a trading loss. The trading loss can ...
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OpRA’s defined

The Optional Remuneration Arrangements (OpRA) legislation was introduced with effect from 6 April 2017. The legislation counters the tax and ...
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Disposal of goodwill – capital or income

The First-Tier Tribunal (FTT), in the case of Villar v Revenue and Customs examined whether the disposal of goodwill was ...
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When you can’t reclaim VAT

For most fully taxable businesses, VAT can be reclaimed on goods and services used in the business. This means that ...
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Its still possible to claim 100% tax allowance for electric vehicles

First Year Allowances (FYA’s) are available for expenditure on new unused electric vehicles and other cars within the threshold for ...
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Home to work travel that may be allowed

Whilst there is usually no tax relief for ordinary commuting - home to work - there are a number of ...
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New guidance on cookies published

The Information Commissioner's Office (ICO) has published new guidance on the use of cookies and similar technologies, as well as ...
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VAT default surcharge appeal dismissed

HMRC imposes a VAT default surcharge on businesses that submit late VAT returns. VAT registered businesses are required by law ...
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Checking business rates relief entitlement

Business rates are a tax on non-domestic premises, including most commercial properties such as shops, offices, pubs, warehouses and factories ...
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Tax-Free childcare in the school holidays

As the school holidays fast approach, many parents face having to organise extra school holiday childcare over the summer months ...
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House of Commons summer recess

The House of Commons summer recess has been confirmed after parliament voted 223 to 25 in favour of the move ...
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HMRC security deposits

The security deposit legislation was extended to both Corporation Tax and Construction Industry Scheme (CIS) deductions from April 2019. The ...
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How HMRC measure the profits of different trades

There is a section of HMRC’s manuals that deals specifically with how you can view the rules for measuring profits ...
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Tax payment time again

If you make Self-Assessment payments on account, you will no doubt be aware that the second instalment for 2018-19 is ...
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Advising HMRC of changes in your personal details

If your personal details change, you may be required to notify HMRC as this can affect your entitlement to certain ...
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Reducing penalties for late disclosure of income

You can use the Digital Disclosure Service (DDS), if you need to make a voluntary disclosure of income or other ...
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New cyber security guidance published

The National Cyber Security Centre (NCSC) has published guidance to help small to medium sized organisations prepare their response to, ...
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Tax Diary July/August 2019

1 July 2019 - Due date for Corporation Tax due for the year ended 30 September 2018. 6 July 2019 ...
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Rent-a-room scheme

The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home. The current ...
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HMRC employment status service

HMRC’s employment status service can be used to help ascertain if a worker should be classified as employed or self-employed ...
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Update on Structures and Buildings Allowance

One of the Autumn Budget 2018 measures was the introduction of a new structures and buildings allowance (SBA). The SBA ...
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Disguised remuneration schemes

Loans schemes also known as disguised remuneration tax avoidance schemes have been used by some employers and individuals in order ...
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Claiming Entrepreneurs’ Relief when selling your business

Entrepreneurs' Relief (ER) can be a valuable relief when selling your business, your shares in a trading company or your ...
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Who should register for self assessment?

There are a number of reasons why a taxpayer is required to complete a self assessment return. This includes if ...
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How ISAs work

An ISA is a tax exempt savings account available to UK residents. Whilst the amount invested in an ISA does ...
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2020 May bank holiday will be moved to mark 75th anniversary of VE Day

The government has announced that the date of next year’s early May bank holiday is to move from Monday, 4 ...
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HMRC’s complaint handling process

Taxpayers may find themselves in a position where they need to make a complaint to HMRC. Complaints can relate to ...
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VAT and disaggregation

The artificial separation of businesses is where two or more businesses are split, and each 'separate' entity operates below the ...
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When does ATED apply?

The Annual Tax on Enveloped Dwellings (ATED) came into effect from 1 April 2013. The tax applies to certain Non-Natural ...
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Selling the family heirlooms

There are special rules concerning the payment of Capital Gains Tax (CGT) on the sale of personal possessions also known ...
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The tax consequences of social events

The cost of a staff party or other annual entertainment is generally allowed as a deduction for tax purposes. If ...
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Gifts with strings attached

The majority of gifts made during a person's life are not subject to tax at the time of the gift ...
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VAT reverse charge construction industry

A change to the VAT rules first announced at Budget 2018, will come into effect from 1 October 2019. This ...
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Cashback schemes and tax

Statement of Practice 4/97 sets out HMRC’s views on the correct treatment for tax purposes of commission, cashbacks and discounts ...
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Employer owned property and sub-letting

In some industries, employers provide accommodation to employees because this is required by the nature of the job. There are ...
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Free information about companies

A surprising amount of free information about companies is available from Companies House. This is in line with the government’s ...
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Genuine HMRC messages

HMRC has issued an updated version of their online guidance on Genuine HMRC contact and recognising phishing emails and texts ...
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Free television licences scrapped for over-75s

The TV licence fee has not been payable by those aged 75 or over since 2001. During 2015, the government ...
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