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16-05-2019

From 6 April 2020 significant changes are coming into effect for individuals selling investment property.  These are:
  1. A CGT return will be required to be submitted within 30 days of completion and the Capital Gains Tax (CGT) paid; and
  2. If  the  property being sold is residential and has been your Principal Private Residence (PPR), the reliefs currently available are significantly reducing.

Start planning now!!  Please click on title for further detail.

15-05-2019

Employers providing benefits to to directors and staff should consider the following items and the tax implications.  Some benefits may be better than others.  Electric cars will be substantially advantageous from 2020/21.

Click on title for detail.

10-05-2019

HMRC has updated its guidance on "Tax-free allowances on property and trading income".  For details click here.

09-05-2019

Tax-Free Childcare is a government scheme available to working parents, including the self-employed, with children aged 0 to 11.
Eligible parents can get up to £2,000 per child per year towards qualifying childcare. For clients with 2 children, it could mean a £4,000 saving per year on the family’s budget.
Parents can use it on a wide range of registered childcare, including:
•    childminders
•    nurseries
•    breakfast clubs, after school clubs and holiday clubs.
For disabled children, the scheme is available up to the age of 16 with a maximum government contribution of £4,000 per child per year.
To find out more information and how to apply visit here

29-04-2019

Rules set to come into force in 2020 will align the income tax and national insurance contributions (NICs) on termination awards and sporting testimonials, closing a current loophole, which allows effective tax planning.  For official guidance click here.

24-04-2019

The tax treatment for low emision cars is reducing dramatically from 2020-2021.
For mor information on car benefits click here

CO2 emissions
Electric Range Appropriate percentage
Petrol Hybrid Diesel Hybrid
g/Km Miles % %
0 All (Pure Electric) 2% 2%
0 to 50 130 or more 2% 6%
0 to 50 70 to 120 5% 9%
0 to 50 40 to 69 8% 12%
0 to 50 30 to 39 12% 16%
0 to 50 Less than 30 14% 18%

17-04-2019

If you’re currently an EU, EEA or Swiss citizen living in the UK, you and your family will need to apply to the EU Settlement Scheme to protect the rights you currently have in the UK.

Irish citizens or those with valid indefinite leave do not need to apply.

Applications are open until 30 June 2021.

It’s free to apply.


16-04-2019

From April 2020 the rules for engaging individuals through personal service companies (PSCs) are changing. The responsibility for determining whether the off-payroll working rules apply will move to the organisation receiving an individual’s services.

In order to find out how to prepare for changes to the off-payroll working rules from 6 April 2020 click here.

16-04-2019

If you buy from or sell goods to the EU you need to apply for an EORI number as a matter of urgency.  To apply click here.  The application process takes approximately 10 minutes.  For more guidance from the government on an EU exit click here.

11-04-2019

HMRC have updated income tax forms to reflect the new tax year changes.

View the updated forms and guidance at Collection: Income Tax forms



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