Appeals process for late filing of company accounts
There are late filing penalties which are designed to encourage companies to file their accounts and reports on time. All ...
Check large suppliers payment status
The government has been working for a number of years to combat the problem of large businesses abusing their position ...
Increased rates for second homes in Wales
The Welsh government has announced that it is increasing the maximum amount that local authorities can charge as a council ...
Auto enrolment for care workers
Automatic enrolment for workplace pensions has helped many employees make provision for their retirement, with employers and government also contributing ...
Revoking VAT option to tax land and buildings
There are special VAT rules that allow businesses to standard rate the supply of most non-residential and commercial land and ...
Definition of VAT partial exemption
A business that incurs expenditure on taxable and exempt business activities is partially exempt for VAT purposes. This means that ...
Limits to loss relief claims against income or capital gains
There are a number of tax reliefs available for self-employed taxpayers that make a trading loss. This includes a partners' ...
Transferring assets during separation and divorce
When a couple separate or divorce it is unlikely that they are thinking about any tax implications. However, apart from ...
SDLT concerns transferring a property to a company
Stamp Duty Land Tax (SDLT) is a tax that is generally payable on the purchase or transfer of land and ...
Increase in National Insurance from April 2022
We would like to remind our readers that the increases in National Insurance Contributions (NIC) of 1.25% - first announced ...
Examples when settlement legislation does not apply
The settlement legislation seeks to ensure that where a settlor has retained an interest in property in a settlement that ...
What is plant and machinery?
Capital allowances are the deductions which allow businesses to secure tax relief for certain capital expenditure. HM Treasury has published ...
