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Legislation

Beware undisclosed property income!

Carol George Accounting, Business, Business Advisory, Business Support, Carol George, Deadlines, Economic / Business News, George Hay, HMRC, Industry Sectors, Legislation, Property, Property Taxation, Tax, Team Member October 13, 2020November 17, 2023airbnb, annual trading allowance, CGT, coronavirus, furnished holiday let, HMRC, income, investment, let property, rent-a-room relief, residential, self-assessment, Tax, tax return 0 Comment

Undisclosed property income has long been on HMRC’s radar and its data sharing system has made it easier to pursue those taxpayers at fault. Last month, Reuters reported on an investigation into the UK arm of Airbnb, conducted by HMRC,

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Van vs. car: what are the tax implications?

Sarah Dixon Accounting, Business, Business Support, Business Taxation, Economic / Business News, Employers, HMRC, Large businesses, Legislation, Personal Taxation, Sarah Dixon, Small businesses, Start-ups, Tax, Team Member, VAT September 11, 2020November 17, 2023annual investment allowance, benefit-in-kind, capital allowances, car, employee, employer, P11D, profits, Tax, van, VAT 0 Comment

Back in August 2019, we commented on a tax case where a van provided to employees was reclassified as a car. The case, involving Coca-Cola, shines a light on the issues associated with the provision of vehicles to employees and,

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‘Project Speed’ to accelerate economic recovery

Richard Dilley Business, Business Support, Construction, Coronavirus, Economic / Business News, Industry Sectors, Legislation, Property, Richard Dilley, Team Member July 7, 2020November 17, 2023capital investment, construction, coronavirus, economy, Government, project speed, property 0 Comment

As we now look toward the second half of a year unlike any we have known before, the Government has published details of ‘Project Speed’. The programme is part of its commitment to rebuild the economy after the Coronavirus crisis.

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2020 Budget: Key announcements from Rishi Sunak’s first Budget

Barry Jefferd Academies, Accounting, Barry Jefferd, Business, Business Support, Business Taxation, Charities, Economic / Business News, Employees, Employers, HMRC, Industry Sectors, Inheritance Tax, Legal, Legislation, Payroll, Personal Taxation, Property, Property Taxation, Self-employed, Small businesses, Tax, Team Member March 11, 2020November 21, 2023budget 2020, business, Chancellor, coronavirus, entrepreneurs relief, NIC, SME, Tax 0 Comment

Rishi Sunak delivered his first 2020 Budget on Wednesday 11th March. This came only weeks after he took over the role of Chancellor from Sajid Javid. Raring and ready to ‘get things done’, Mr. Sunak promised a speech that would

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Automatic enrolment duties; Failure to comply has consequences

Elaine Shaw Accounting, Auto-Enrolment, Business, Business Support, Economic / Business News, Elaine Shaw, Employers, GH Payscheme, Legislation, Outsourced Services, Payroll, Small businesses, Team Member March 9, 2020November 16, 2023automatic enrolment, declaration of compliance, employers, payroll, re-enrolment, The Pensions Regulator, workplace pensions 0 Comment

The Pensions Regulator (TPR) continues to issue warnings, to employers, about the consequences of failing to comply with automatic enrolment duties. In a recent court case, a pre-school nursery and its director were ordered to pay over £8,000 in penalties.

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P11D’s; Have you told us about your health insurance policy?

Samantha Green Academies, Accounting, Business, Business Support, Charities, Construction, Deadlines, Employers, HMRC, Industry Sectors, Legal, Legislation, Payroll, Property, Samantha Green, Small businesses, Tax, Team Member October 24, 2019November 16, 2023employers, expenses, health insurance, HMRC, national insurance, P11D, PAYE, Tax, taxable benefits 0 Comment

A health insurance policy that is paid for by you as an employer, on behalf of an employee, is considered to be a taxable benefit in kind by HM Revenue & Customs (HMRC). Subsequently, this benefit should be reported to

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Probate fee increases abandoned; How did we get here?

Barry Jefferd Barry Jefferd, HMRC, Inheritance Tax, Legislation, Personal Taxation, Probate, Tax, Team Member October 21, 2019November 16, 2023assets, bereaved, Brexit, estate administration, Government, HM Courts & Tribunals, IHT, probate, probate fees, Tax 0 Comment

The Government has announced, after much to-ing and fro-ing, indefinite delays and a lot of harsh criticism from industry professionals and concerned families, that the previously planned probate fee increases will be abandoned. Probate fee increases; The proposals Earlier

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