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Relief For Interest Costs – Unincorporated Business V Limited Company

May 2021

Most landlords will need some sort of finance in order to invest in property to let out. However, while tax relief for…

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Buy-To-Let Or Furnished Holiday Letting?

May 2021

When looking for an investment property, there are various decisions that need to be made. If the intention is to let the…

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Selling A Property Post Death – Is There A Capital Gains Tax Charge?

May 2021

For capital gains tax purposes, there is a tax-free uplift to the market value at the date of death, irrespective of whether…

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Freezing Of Allowances And Thresholds

May 2021

To help meet some of the costs incurred in dealing with the Covid-19 pandemic, the Chancellor announced in his 2021 Budget that…

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Reduced Rate Of VAT

May 2021

To help the hospitality and leisure industry recover from the impact of the first national lockdown, a reduced rate of VAT of…

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Reporting Expenses And Benefits For 2020/21

May 2021

Employers who provided taxable expenses and benefits to employees during the 2020/21 tax year will need to report these to HMRC, on…

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Restart Grants And Recovery Loans

May 2021

As lockdown restrictions are eased, businesses may need help to re-open and to recover from the impact of the pandemic. Depending on…

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Can You Claim The Employment Allowance For 2021/22?

May 2021

The Employment Allowance is a National Insurance allowance that enables eligible employers to reduce their employers’ (secondary) Class 1 National Insurance bill…

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Directors’ Loan Accounts

May 2021

A ‘Directors Loan Account’ (DLA) is an account in the company’s financial books that records all transactions between a director who is…

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Distributions On Company Cessations

May 2021

On cessation many directors find that monies have accumulated over the years which need to be distributed to shareholders before closure –…

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