Finance Bill receives Royal Assent

The Finance (No.3) Bill 2017-19 received Royal Assent (later than originally planned) on 12 February 2019 following agreement by both ...
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Did you miss the self-assessment deadline?

Are you among the 700,000 taxpayers that missed the 31 January 2019 filing deadline for your 2017-18 self-assessment returns? If ...
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Filing deadlines for company accounts

After the end of its financial year, a private limited company must prepare full annual accounts and a company tax ...
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Joint ventures and VAT

A joint venture is a commercial enterprise undertaken by two or more parties who otherwise retain their own separate identities ...
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Election to treat property as main residence

There are a number of issues that owners of more than one home should be aware of. An individual, married ...
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Did you get your Brexit update letter from HMRC?

HMRC has now written to over 145,000 VAT-registered businesses across the UK with a Brexit update. The letters explain changes ...
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Edinburgh makes a case for UK’s first tourist tax

The City of Edinburgh Council is seeking permission to introduce a tourist tax. After an extensive consultation, the members of ...
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New Stamp Duty surcharge announced

A new consultation has been launched by HM Treasury together with HMRC seeking views on the design of a new ...
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Tax codes for employees

The P9X form is used to notify employers of the tax code to use for employees. The form shows the ...
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EIS Income Tax relief restriction for connected parties

The Enterprise Investment Scheme (EIS) is designed to help smaller higher-risk trading companies raise finance by offering a range of ...
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Reduction in special Writing Down Allowance

Businesses can claim Capital Allowances tax relief for certain types of capital expenditure. For expenditure on plant and machinery that ...
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Class 4 NICs who is liable?

There are two types of National Insurance Contributions (NICs) payable by most self-employed people. These are known as Class 2 ...
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When do you pay Capital Gains Tax?

Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% and this applies to most chargeable ...
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What work is covered by the CIS scheme?

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in ...
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Gifts out of disposable income

There is an annual Inheritance Tax exemption of £3,000 for gifts. This exemption can also be carried forward to the ...
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