Tax Diary July/August 201920190627040000

Tax Diary July/August 2019

June 27, 2019
1 July 2019 - Due date for Corporation Tax due for the year ended 30 September 2018. 6 July 2019 - Complete and submit forms P11D return of benefits ...
Rent-a-room scheme20190626040000

Rent-a-room scheme

June 26, 2019
The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home. The current tax-free threshold of £7...
HMRC employment status service20190626040000

HMRC employment status service

June 26, 2019
HMRC’s employment status service can be used to help ascertain if a worker should be classified as employed or self-employed for tax purposes in...
Update on Structures and Buildings Allowance20190626040000

Update on Structures and Buildings Allowance

June 26, 2019
One of the Autumn Budget 2018 measures was the introduction of a new structures and buildings allowance (SBA). The SBA allows for tax relief on qualif...
Disguised remuneration schemes20190626040000

Disguised remuneration schemes

June 26, 2019
Loans schemes also known as disguised remuneration tax avoidance schemes have been used by some employers and individuals in order to try and avoid pa...
Claiming Entrepreneurs’ Relief when selling your business20190626040000

Claiming Entrepreneurs’ Relief when selling your business

June 26, 2019
Entrepreneurs' Relief (ER) can be a valuable relief when selling your business, your shares in a trading company or your interest in a trading par...
Who should register for self assessment?20190626040000

Who should register for self assessment?

June 26, 2019
There are a number of reasons why a taxpayer is required to complete a self assessment return. This includes if they are self-employed, a company dire...
How ISAs work20190626040000

How ISAs work

June 26, 2019
An ISA is a tax exempt savings account available to UK residents. Whilst the amount invested in an ISA does not benefit from tax relief the income and...
2020 May bank holiday will be moved to mark 75th anniversary of VE Day20190620040000

2020 May bank holiday will be moved to mark 75th anniversary of VE Day

June 20, 2019
The government has announced that the date of next year’s early May bank holiday is to move from Monday, 4 May to Friday, 8 May to mark the 75th anniv...
HMRC’s complaint handling process20190618230000

HMRC’s complaint handling process

June 18, 2019
Taxpayers may find themselves in a position where they need to make a complaint to HMRC. Complaints can relate to many different issues such as unreas...