September 29, 2020
Stamp duty surcharge on non-resident property transactions
The government has issued draft legislation outlining how the two per cent Stamp Duty Land Tax (SDLT) surcharge will apply to non-resident property transactions. ‘Relevant period’ for stamp duty residence test From 1 April 2021, the number of days a company, trust or individual has resided outside of the UK
September 23, 2020
Is online where your business is headed?
Even before Covid-19, many business owners were wise to the benefits of having an ‘online’ element to their enterprise. Now though, in the face of adversity and new challenges, these benefits are being enjoyed even more widely. Some individuals are entering the online space as a way of diversifying their
September 11, 2020
Van vs. car: what are the tax implications?
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, more specifically, with classifying combi-vehicles. In the Court of Appeal
August 17, 2020
Green Homes Grant guidance published
The Government has published details of the Green Homes Grant, announced at the Summer Economic Update on 8 July. ‘Green’ home improvements covered by Government voucher scheme The scheme, which is at least a step towards the Government achieving its net-zero carbon emissions target, will provide vouchers worth up to
July 7, 2020
‘Project Speed’ to accelerate economic recovery
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. A new taskforce, led by the Chancellor, will implement radical
June 24, 2020
Taxable expenses and benefits guidance updated ahead of P11D deadline
Ahead of the P11D and P11D(b) deadline on 6 July, and in light of Coronavirus, the Government has updated its taxable expenses and benefits guidance. If you provided benefits in kind or non-exempt expenses to employees during the 2019/20 tax year, you may need to report these via a P11D
May 27, 2020
Probate applications drop during lockdown
HM Courts and Tribunals Service (HMCTS) has revealed, to probate practitioners, that the volume of probate applications has fallen during lockdown. Normally, they would receive around 5,000-6,000 submissions a week. Since the lockdown was imposed, however, numbers have halved – a trend that applies to both personal and professional applications.