Search launched for new Bank of England governor20190430230000

Search launched for new Bank of England governor

April 30, 2019
The current Governor of the Bank of England, Mark Carney, will step down from his role on 31 January 2020. Mr Carney had been due to step down earlier...
Treatment of capital expenditure if using the cash basis20190430230000

Treatment of capital expenditure if using the cash basis

April 30, 2019
The cash basis scheme helps many sole traders and other unincorporated businesses to manage their financial affairs. The scheme is not open to limited...
Dealing with builders retentions20190430230000

Dealing with builders retentions

April 30, 2019
It is common practise in the building industry for a final percentage of an amount due to a builder to be withheld as a retention. This payment allows...
Renewing your tax credit claim20190430230000

Renewing your tax credit claim

April 30, 2019
Families and individuals that receive tax credits should ensure that they renew their tax credit claims by 31 July 2019. Claimants who do not renew on...
Beware Limited Cost Test if you use the VAT Flat Rate Scheme20190430230000

Beware Limited Cost Test if you use the VAT Flat Rate Scheme

April 30, 2019
The VAT Flat Rate Scheme (FRS) has been designed to simplify the way a business accounts for VAT and in so doing, reduce the administration costs of c...
Will your gift aid donations create a tax bill?20190430230000

Will your gift aid donations create a tax bill?

April 30, 2019
The Gift Aid scheme is available to all UK taxpayers. The charity or Community Amateur Sports Clubs (CASC) concerned can take a taxpayer’s donat...
What is business relief for Inheritance Tax purposes?20190430230000

What is business relief for Inheritance Tax purposes?

April 30, 2019
Inheritance Tax (IHT) is levied on a person’s estate when they die and can also be payable during a person’s lifetime on certain trusts an...
Minimum wage underpayment is on the rise20190429230000

Minimum wage underpayment is on the rise

April 29, 2019
A new report from the Low Pay Commission (LPC) has found that the number of workers paid less than the statutory minimum wage in the UK increased in 2...
Tax Diary May/June 201920190426040000

Tax Diary May/June 2019

April 26, 2019
1 May 2019 - Due date for Corporation Tax due for the year ended 30 July 2018. 19 May 2019 - PAYE and NIC deductions due for month ended 5 May 2019. (...
Making an EU VAT refund claim20190423230000

Making an EU VAT refund claim

April 23, 2019
The VAT paid in other EU countries is often recoverable by VAT-registered businesses in the UK, who bought goods or services for business use. The exa...
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