Tax

This affects everyone who is self-employed, including partners in partnerships. At present, if you are self-employed and your accounting date (that is, your business year-end) is not 31 March or [...]

Self-employment income support scheme This is meant to cover people whose main income is self-employment, including partners in partnerships. The Government has promised that, if you appear to [...]

The current health situation 14 days of Statutory Sick Pay per employee to be met by the Government in full. Business properties with rateable value less than £51,000 will pay no Business Rates. [...]

During the Great Depression, President Franklin D. Roosevelt stated in his Inauguration Speech in 1933, “the only thing you have to fear is fear itself”.   Fear The official response to a [...]

From 1st October 2020 main Contractors will no longer pay VAT to Sub-Contractors working on projects under the CIS Scheme.  Instead, the main Contractor will pay the VAT directly to H M [...]

At present, capital gains tax is payable on 31 January following the end of the tax year in which the gain takes place. This rule is about to change for residential properties.   As from 6 [...]

As I write these words, I have just heard that we are going to have a General Election on 12th December 2019.  I was listening to the Today Programme on Radio 4 in which someone from the CBI, and [...]

  I am taking a quick break from my series of postings on cars and companies for a word on overseas tax. We have a number of French speaking clients.  I have taken calls from a few of them [...]

  The Banks have started offering free online software to their customers.  For example, Nat West (owned by The Royal Bank of Scotland) is offering its new customers Free Agent software for [...]

  This blog is based on points from the Chancellor’s 2017 Budget.   • Next April, the annual personal allowance will be raised to £11,850.  A personal allowance is the amount of money [...]