UK Infrastructure Bank set-up
The UK Infrastructure Bank Bill, announced as part of the measures in the Queen’s speech, represents the final step in ...
Access to cash protection increased
The new Financial Services and Markets Bill, announced as part of the Queen's speech, will provide increased protections for those ...
Income excluded from a property business
HMRC publishes a list of income streams that are excluded from a UK property business. The list includes fishing concerns, ...
Structures and Buildings Allowances
The Structures and Buildings Allowances (SBA) allows for tax relief on qualifying capital expenditure on new non-residential structures and buildings ...
ISAs 2022-23
The maximum amount that can be invested in an ISA in the current (2022-23) tax year is £20,000. ISA’s are ...
When you are required to register for PAYE
There are a multitude of rules that new businesses must follow when they start employing staff for the first time ...
Holiday lets occupancy check
The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a ...
Reminder to look out for tax credit renewal packs
HMRC is currently sending the annual tax credit renewal packs to some 2.1 million tax credit claimants and is encouraging ...
IHT business asset relief
There are a number of reliefs available that can reduce liability to IHT if you inherit the estate of someone ...
Exchange of joint interests
HMRC’s internal manuals consider the reliefs available where there is an exchange of joint interests in land. The manuals state ...
Writing off a director’s loan
An overdrawn director's loan account is created when a director (or other close family member) 'borrows' money from their company ...
Tax benefits of switching to electric cars
There are many benefits to encourage the use of electric cars including lower running costs, the environmental advantages and reduced ...
