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General Information
Paying a self-assessment liability via PAYE code
The majority of people in the UK tax under PAYE and do not have to complete a Self Assessment tax return. But, where you have
Paying voluntary NICs
There are various reasons as to why gaps may arise in an individual’s national insurance contributions NIC record, for example, because that person has been
Reducing inheritance taxes by donating to charity What is it?
I’ve heard I could reduce inheritance tax by leaving money to charities in my Will. How does this work? Do I have to leave a
Rent a room scheme
Although Budget 2017 announced that the Government intends to review the rent-a-room scheme, it currently remains a tax-efficient way of letting out a spare room. Broadly, HMRC’s
SDLT TRANSFERS TO LIMITED COMPANIES
Question: What is the stamp duty land tax implication, when transferring property to the limited company? Answer: Holding a buy to let
Selling Good to UK Company & Shipping to Switzerland on their behalf.
Question A UK VAT registered company that sells gym equipment has made a sale to another UK VAT registered business. However, the customer has
Should I Pay Full Salary to Pregnant Employee who’s on Leave for a Year?
One of my employees has just told me she is pregnant and says I have to give her a full year off work. Is this
Should I Pay Statutory Sick Pay to an Employee Who Injures Himself?
One of my employees frequently sustains injuries while playing a sport, and as a consequence, he takes regular periods off sick. Do I have to
Stamp Duty Tax Rates
The stamp duty regime has also seen a number of significant changes in recent times, and further measures take effect for the 2018/19 tax year.
Student Loan Deductions in Tax Return, How student loan is calculated?
Question: A director takes a minimal salary (say, £10,000) via the company payroll and although the employer was issued with a form SL1 (notice
The assets seem to be eligible for capital allowances. Is that true?
I own a number of rental properties; a mixture of self-contained flats and houses. I’ve received an email from a property expert that says I
Tour Operators Margin Scheme (TOMS)
The information provided in this article shows how you must account for VAT if you buy-in and re-sell travel facilities as a principal or an
Transfer of a going concern
Question We are trading as a partnership and exceeded the VAT registration limit in March 2018. Requiring us to be VAT registered with effect
Transfer of Beneficial Ownership
Question Can I assign the income from my investment property to my spouse so it is taxed at a lower rate? Answer
Use Of Home Calculations
Tips to benefit from – and traps to avoid Working from home may be many people’s dream come true. Whether it’s the employee of
VAT on Bitcoins mining | Cryptocurrency Tax
Question: I have purchased a number of machines to mine Bitcoin; the intention is to mine the currency, retain for a period, and then
VAT On Cash Back Item
How to record the VAT on Cash Back: The cashback or cash back business credit cards will be treated as other income for accounting purposes.
VAT on Insurance Compensation Payment
DONATIONS The subject of VAT and donations sometimes rears its head at tribunals. Is there VAT on insurance is a very frequently asked question.
VAT on Private Tuition
Question: When two of my clients retired from teaching in schools they set up a partnership to deliver tuition for GCSE Maths and English. Each
What addresses can be used as Registered or Serviced Office address?
What addresses can be used as Registered or Serviced Office address? We provide two London based registered office addresses for limited companies: Mitcham Registered Office