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Are You Trading?

February 2021

Lockdown restrictions have forced many businesses to close temporarily. Selling goods or clothes on sites such as eBay and Depop offers the…

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Electric Cars From April 2021

February 2021

For 2020/21, it was possible to enjoy an electric company car as a tax-free benefit. While this will no longer be the…

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National Living Wage And National Minimum Wage Changes From April 2021

February 2021

Under the minimum wage legislation, workers must be paid at least the statutory minimum wage for their age. There are two types…

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Statutory Payments From April 2021

February 2021

By law, there are various statutory payments that an employer must make to an employee while the employee is absent from work…

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Legal v Illegal Dividends

February 2021

Changed business conditions in light of the Coronavirus pandemic have caused many companies to review their dividend policies not least because the…

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Time To Pay

February 2021

As part of the Chancellor’s Coronavirus support package taxpayers were permitted to defer payment of the July 2020 income tax Payment on…

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Unused Residential Finance Costs

February 2021

Since 2017/18, the amount of income tax relief that landlords with residential properties have been able to claim on residential property finance…

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Deadline To Benefit From Increased SDLT Threshold Approaching

February 2021

In July last year, the Government announced a temporary increase in the residential stamp duty land tax (SDLT) threshold to £500,000. The…

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Selling Your Main Residence With Land – Will The SDLT Return Trip You Up?

February 2021

Most people do not expect to pay capital gains tax when they sell their only or main home, particularly if the property…

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Renovating The Holiday Let During Lockdown

February 2021

The Covid-19 pandemic has hit the hospitality and leisure industry hard. Landlords with furnished holiday lettings have been unable to let their…

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