Tax and lease premiums20190528230000

Tax and lease premiums

May 28, 2019
Where a freeholder (or landlord) of a property grants a new lease to a new tenant there are sometimes upfront payments due, usually known as a lease p...
What is overlap relief?20190528230000

What is overlap relief?

May 28, 2019
The assessment of self-employed or partnerships profits is usually relatively straight-forward if the accounting date - the date to which accounts are...
Reminder of “bed and breakfasting” rules20190528230000

Reminder of “bed and breakfasting” rules

May 28, 2019
Historically, the term bed and breakfasting (sale and repurchase) of shares referred to transactions whereby someone sold shares one day and bought th...
Company Unique Taxpayer References20190528230000

Company Unique Taxpayer References

May 28, 2019
The Company Unique Taxpayer References (UTR) is the primary identifier for the company and should be used whenever HMRC is contacted and when tax retu...
Not sure if you need to submit a tax return?20190528230000

Not sure if you need to submit a tax return?

May 28, 2019
There are a number of reasons why you may need to register with HMRC to submit a tax return. This could include: if you are self-employed and earni...
Have you adopted the new minimum wage rates?20190528230000

Have you adopted the new minimum wage rates?

May 28, 2019
The new National Minimum Wage (NMW) and National Living Wage (NLW) rates came into effect on 1 April 2019. The NLW first came into effect on 1 April 2...
Deadline to reduce taxable benefits20190528230000

Deadline to reduce taxable benefits

May 28, 2019
Employees can often reimburse their employers for benefits provided in order to lessen their taxable benefits and thereby reduce or avoid a tax charge...
Tax Diary June/July 201920190528230000

Tax Diary June/July 2019

May 28, 2019
1 June 2019 - Due date for Corporation Tax due for the year ended 31 August 2018. 19 June 2019 - PAYE and NIC deductions due for month ended 5 June 2...
Seed Enterprise Investment Scheme20190520230000

Seed Enterprise Investment Scheme

May 20, 2019
The SEIS provides for extensive Income Tax and Capital Gains Tax (CGT) breaks for investors and this greatly encourages much needed seed capital in ne...
Companies eligible for Group Relief20190520230000

Companies eligible for Group Relief

May 20, 2019
Corporation Tax relief may be available when a company or organisation makes a trading loss. Companies that are eligible for Group Relief can transfer...