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Electric Charging Points – Is There A Tax Liability?
As part of the Government’s push to encourage drivers to ‘go electric’, the Transport Secretary, Grant Shapps, announced an extension to a…
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Treating Deposits From Tenants Correctly For Tax Purposes
A landlord will normally take a deposit from a tenant when letting a property to cover the cost of any damage caused…
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Reporting Income From Property
The deadline for filing the 2020/21 self-assessment tax return online is 31 January 2022. If you received income from property, you may…
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Residential Property Developer Tax
Legislation has been published in draft which will bring a new tax – the Residential Property Developer Tax (RPDT) onto the statute…
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Reporting Covid-19 Support Payments On Your Tax Return
If you are self-employed and you received Covid-19 support payments during the pandemic, you may need to report these on your self-assessment…
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Increasing The Normal Minimum Pension Age
The normal minimum pension age (NMPA) is the age at which most pension savers can access their pensions without incurring an unauthorised…
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New Reduced Rate Of VAT For Hospitality And Leisure
The hospitality and leisure industry were particularly hard hit by the effects of the Covid-19 pandemic and associated lockdowns. To help the…
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Register For Child Benefit Even If The HICBC Applies
If you are responsible for bringing up a child who is under the age of 16, or under the age of 20…
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CIS – How To Work Out Whether It Applies – Practical Problems On Submission, Penalties
The Construction Industry Scheme (CIS) requires registration of anyone who works in that industry, be that a sole trader or a company….
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Different Ways Of Deferring CGT By Selling Or Gifting A Business Asset – Hold Over Relief, Roll Over Relief Etc.
Capital gains tax (CGT) is levied on capital gains made on the disposal (including gifts) of most assets. However, if the disposal…
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