Self-assessment Deadline and Penalties
A Self-assessment (SA) tax return is usually required if a taxpayer has other income apart from regular PAYE income. Find out if you need to file a tax return. Important Dates for [...]
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What Expenses Employees Can Claim?
If you are an employee and you spend certain business expenses yourself for performing your duties for business, that your employer does or does not reimburse, you might be able to get tax relief. [...]
EIS Checklist – Why Investors May Fail To Qualify For Relief?
Enterprise investment scheme (EIS) is a venture capital scheme designed for companies to raise money with the help of individual investors, for growth and development of the business. It offers [...]
Do I need to complete a Self-Assessment Tax Return?
In this article we look at whether you need to register and file for self assessment tax return. In a recent data published by HMRC around 47 million people have taxable income in the UK, out of [...]
Property Tax Non Resident Guidance
Act Now! Non-UK Nationals Can Still Save Tax on UK-Owned Property Recent changes to UK tax rules will affect non-UK nationals who do not reside in the UK as well as foreign nationals living in the [...]
Claiming Back Expenses Incurred before Incorporation
Claiming Back Expenses Incurred before Incorporation Expenses involved during incorporation of a business can be claimed back for up to seven years before the company started up providing that they [...]
Entrepreneur relief on incorporation Gone
Good-Bye to Entrepreneur’s Relief on the "Goodwill" of the business The knock-on effect of one of the latest anti-avoidance measures by government has kicked Entrepreneur’s Relief (ER) into the [...]
Highlights of the Autumn Statement
Highlights of the Autumn Statement 2014 The Chancellor’s Autumn Statement was cautious; he offered a select few sweeteners to the general electorate, all tax payers and SMEs. This autumn [...]
Apply for a VAT refund
How to apply for a VAT refund on conversions and new-builds If you buy a new home from a builder or developer no VAT is payable on top of the purchase price, because new-builds are exempt from VAT. [...]
How to make fully compliant, tax-efficient charitable donations
How do businesses benefit from making charitable donations? Cash donations Money donated by a company to charity should be paid gross, before tax is deducted; if made in this way then [...]