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Business Rates Update

January 2021

The government is currently undertaking a fundamental review of the current business rates system, including ideas for possible change an…

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News

Recent Issues For EMI Schemes

January 2021

When it was first introduced in 2000, the Enterprise Management Incentive (EMI) scheme had an initial life expectancy of around five year…

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What Tax Do I Need To Pay By 31 January 2021?

January 2021

The self-assessment tax return for 2019/20 must be filed by midnight on 31 January 2021. If you miss this deadline, you will automaticall…

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Make The Most Of The Dividend Allowance

January 2021

The 2020/21 tax year comes to an end on 5 April 2021. The last few months of the year are a good time to undertake a review and to ensure…

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Reclaiming SSP For Periods Of Self-isolation

January 2021

The Coronavirus Statutory Sick Pay Rebate Scheme allows smaller employers to reclaim some or all of the Statutory Sick Pay (SSP) paid to …

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Leaving The VAT Flat Rate Scheme

January 2021

The VAT Flat rate scheme is a simplified scheme for smaller businesses. Under the flat rate scheme, VAT-registered traders pay a fixed pe…

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Auto-enrolment – Re-enrolment And Re-declaration Of Compliance

January 2021

The Covid-19 pandemic has introduced many challenges for employers. However, despite the pandemic, their responsibilities in relation to …

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Beware The Capital Gains Tax Connected Person Rules

January 2021

Although it is possible to transfer assets between spouses at a value that gives rise to neither a gain nor a loss, giving a property to …

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Making Use Of The Transferable Residence Nil Rate Band

January 2021

There are two nil rates bands for inheritance tax – the nil rate band of £325,000 and the Residence Nil Rate Band, set at £175,000 for 20…

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Advantages Of Using A Property LLP

January 2021

A limited liability partnership (LLP) can be used for a property business and offers some advantages over unincorporated businesses and l…

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