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 ...
Builders – when you may not have to charge VAT
VAT for most work on houses and flats by builders and similar trades, like plumbers, plasterers and carpenters, is charged ...
Mortgage interest on rented property
Under new rules that came into effect from April 2017 the tax relief on mortgage costs for residential landlords was ...
Check which EORI number is required
The Economic Operators' Registration and Identification System (EORI) was setup as a European Union (EU) wide initiative that helps businesses ...
Accountancy expenses arising out of an enquiry
HMRC’s internal manual offer some revealing insights as to the treatment of accountancy expenses arising out of an enquiry. As ...
PAYE settlement agreements
A PAYE Settlement Agreement (PSA) allows employers to make one annual payment to cover all the tax and National Insurance ...
