When are scholarships taxable as benefits?20190820040000

When are scholarships taxable as benefits?

August 20, 2019
The holder of a scholarship is exempt from a charge to Income Tax on income from a scholarship when receiving full-time education at a university, col...
Taxation of miscellaneous income20190820040000

Taxation of miscellaneous income

August 20, 2019
There are special rules, known as the miscellaneous income sweep-up provisions, that seek to charge tax on certain income. This unusual provision, whi...
Keeping records if self-employed20190730040000

Keeping records if self-employed

July 30, 2019
If you are self-employed as a sole trader or as a partner in a business partnership, then you must keep suitable business records as well as separate ...
Applying to register a trade mark20190722040000

Applying to register a trade mark

July 22, 2019
The process of registering a trade mark can be very complex, and careful due diligence must be undertaken to decide what exactly is being trade marked...
Who is eligible to use the cash basis?20190722040000

Who is eligible to use the cash basis?

July 22, 2019
The cash basis scheme helps many sole traders and other unincorporated businesses benefit from a simpler way of managing their financial affairs. The ...
Tax-Free childcare in the school holidays20190701040000

Tax-Free childcare in the school holidays

July 1, 2019
As the school holidays fast approach, many parents face having to organise extra school holiday childcare over the summer months. HMRC is reminding p...
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...
Cashback schemes and tax20190611230000

Cashback schemes and tax

June 11, 2019
Statement of Practice 4/97 sets out HMRC’s views on the correct treatment for tax purposes of commission, cashbacks and discounts. Cashbacks are...
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...
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...