by support | Mar 4, 2020 | Information, Legislation, Tax, VAT
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 Revenue and Customs. This applies to all building and construction contracts...
by support | Feb 13, 2020 | Analysis, Information, Legislation, Tax
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 April 2020, if you are selling a residential property on which capital...
by support | Nov 1, 2019 | Analysis, Information, Tax
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 a business owner, were being interviewed as to the business climate...
by support | Jul 20, 2018 | Analysis, Information, Legislation, Tax
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 recently expressing concern at the current arrangements for sharing...
by support | May 24, 2018 | General, Information, Tax, Training
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 no cost. At the same time, the Banks are drastically cutting down on...
by support | Dec 7, 2017 | General, Information, Legislation, Tax
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 that you can earn, or other income you can receive, before you start...
