Government support for Businesses and individuals during Covid-1920200324084641
Government support for Businesses and individuals during Covid-19
March 24, 2020
What Support can businesses get during the CoronavirusCoronavirus Job Retention SchemeHMRC will set up a new online portal so that ALL UK employers, r...
To-do list if selling your business20190925040000
To-do list if selling your business
September 25, 2019
If you are selling your business, there are some important actions you must take in order to properly finalise your affairs. We have summarised below ...
Trading income priority rules20190904040000
Trading income priority rules
September 4, 2019
There is specific tax legislation that seeks to determine which charge takes priority where two different charges could potentially apply to the same ...
A reminder of the ‘badges of trade’20190828040000
A reminder of the ‘badges of trade’
August 28, 2019
The 'badges of trade' tests, whilst not conclusive, are used by HMRC to help determine whether an activity is a proper economic / business act...
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 ...
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 ...
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...
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...
