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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 ...
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 ...
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 ...
Joint ventures and VAT
A joint venture is a commercial enterprise undertaken by two or more parties who otherwise retain their own separate identities ...
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 ...
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 ...
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 ...
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 ...
Tax codes for employees
The P9X form is used to notify employers of the tax code to use for employees. The form shows the ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...