Stamp Duty Land Tax rules have changed

Stamp Duty Land Tax rules have changed

Effective 1 March 2019, the payment window for Stamp Duty Land Tax (SDLT) has been halved. SDLT must now be settled within 14 days of the sale instead of 30. This change affects all land and property transactions, whether commercial or

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What triggers a tax investigation?

What triggers a tax investigation?

Since 2010, HM Revenue & Customs’ (HMRC) total revenue from tax has increased year-on-year and in 2016-17 reached £574.9bn[1], with £28.9bn of this generated as a result of compliance activities[2]. These figures demonstrate that HMRC has, in recent years, taken

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P11D: Do you know your duties?

P11D: Do you know your duties?

What is a P11D? If you run a business, you may provide benefits or non-exempt expenses to some or all your employees. Most taxable employee benefits can be deducted through payroll – providing the employer has registered with HMRC prior

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Self-Assessment tax return: less fuss if you file early

Self-Assessment tax return: less fuss if you file early

We know that just the words ‘self-assessment tax return’ uttered in succession can induce feelings of trepidation in those required to file one. This often leads to a reluctance to tackle the task at hand, head-on. Though the 31st January

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Taxpayer’s offer outlandish excuses for flouting tax return deadline

Taxpayers must file 2016/17’s self-assessment tax return and pay any tax owed to HM Revenue & Customs by 31 January 2018. But, despite it being on the same date every year, thousands still manage to miss the tax return deadline. Excuses, excuses,

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Academies Accounts Direction recently updated

Now that the furore surrounding the general election has somewhat subsided, the Education and Skills Funding Agency (ESFA) has released the updated Academies Accounts Direction (AAD) for 2016-17. A small number of changes have been made since the previous version, particularly in comparison

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Tick, Tock, Tick, Tock! Time is running out to make BPRA claims…

The 10-year window within which sole traders, partnerships and limited companies can claim 100% relief under the Business Premises Renovation Allowance (BPRA) on the renovation or conversion of unused commercial property, for business use, is coming to an end on

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