Capital gains tax rates on sale of shares in unlisted trading companies are currently 10% for basic rate tax payers … Read More
A telephone scam has been reported this week. It involves leaving a recorded message, purportedly from HMRC, stating that the … Read More
If you did not need to complete a 2015 tax return, but do need to complete one for 2016 (tax … Read More
New tax rules may result in final distribution of funds on closure of a company being taxed as dividends instead … Read More
The Enterprise Investment Scheme (EIS) and the recently introduced Seed EIS provide generous tax breaks for investors who subscribe for … Read More
Furnished Holiday Lets – tax advantages There are various tax advantages to a letting being a Furnished Holiday Let (FHL) … Read More
Until 5 April 2016 landlords who were letting residential property fully furnished could claim a 10% of rents as an … Read More
Two recent cases, one for VAT and one for Capital Gains Tax have highlighted the point that tribunals can sometimes … Read More
Child Benefit stops on 31 August on or after your child’s 16th birthday. Full details from HMRC are here.
Advisory Fuel Rates from 1 September 2016 When calculating the VAT element of mileage payments, these rates apply from 1 … Read More