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Acas has published new guidance for employers and employees on the coronavirus. The guidance covers: what to do if employees ...
New advisory fuel rates published
Advisory fuel rates are intended to reflect actual average fuel costs and are updated quarterly. The rates can be used ...
Meaning of goodwill for CGT purposes
Goodwill is a subject we hear about often but interestingly is rarely mentioned in legislation. In fact, the term 'goodwill' ...
VAT – the concept of business
The VAT system is policed by HMRC and there are penalties for breaches of the legislation. There are four conditions ...
Property rental income and bad debt
In most cases, property rental income must be brought into account in the year in which the income was earned, ...
P9 Notice of Coding form
The P9 Notice of Coding form is used to notify employers of the tax codes to use for employees. HMRC ...
New £20 note launched
The new £20 note entered into circulation on 20 February 2020 and features the image of the artist JMW Turner ...
There is a special VAT refund scheme called the VAT Retail Export Scheme or Tax-Free Shopping that allows individuals not ...
10% reduction in Inheritance Tax rate
If your total assets exceed £325,000 then the excess will usually be subject to Inheritance Tax (IHT) at 40% when ...
Last chance for pensions relief?
There has been much press speculation that the Government is considering cutting higher rate tax relief for pension contributions in ...
Tax Diary March/April 2020
1 March 2020 - Due date for Corporation Tax due for the year ended 31 May 2019. 2 March 2020 ...
Change to the off-payroll working rules
As part of a review into changes to the operation of the off-payroll working rules (IR35), HMRC has announced that ...
Employer toolkit for EU Settlement Scheme published
Following Brexit, the government has published an updated toolkit for employers on how to support their employees who are EU ...
A reminder – badges of trade
The 'badges of trade' tests, whilst not conclusive, are used by HMRC to help determine whether an activity is a ...
IHT tenants in common or joint tenants?
As a general rule, Inheritance Tax (IHT) is collected from a person's estate when they die and can also be ...