Last chance to claim enhanced capital allowances

There is a special scheme known as the enhanced capital allowances (ECA) scheme for energy-saving technologies. The ECA scheme enables ...
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Waivers of remuneration

A waiver of remuneration happens when a director or an employee gives up their right to salary or other cash ...
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Furnished holiday let qualifying tests

The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a ...
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Tax when partnership assets are distributed in kind

Partnerships are treated as transparent for Capital Gains Tax (CGT). This means that each partner is responsible for their share ...
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HMRC’s tax app

A free HMRC tax app is available to taxpayers. The APP can be used to see: your tax code and ...
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Basic business structures

It is important to be aware of the main basic business structures available if you are considering starting a new ...
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Employing staff for the first time

There is a multitude of rules and regulations that you must be aware of when you start employing staff for ...
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Increase in National Living Wage?

An independent review into the evidence on minimum wage rates has been published by the government. The review concludes that ...
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The meaning of ‘goodwill’ for CGT purposes

The meaning of goodwill for CGT purposes is complex. The term 'goodwill' is rarely mentioned in legislation and there is ...
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What is a joint venture?

A joint venture is a commercial enterprise undertaken by two or more parties who otherwise retain their separate identities. The ...
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Transfer of business as a going concern

The transfer of a business as a going concern (TOGC) rules cover the VAT implications when a business is sold ...
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Interest on children’s savings

All children in the UK have their own personal annual tax allowance. However, anti-avoidance laws prevent this allowance being utilised ...
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Employing someone to work in your home

When you employ someone to work in your home, it is your responsibility to meet the employee's rights and deduct ...
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What is a negligible value claim?

A negligible value claim is a claim made by a taxpayer when an asset they own has become of negligible ...
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Finance Bill 2019-20 shelved

The Government’s draft finance bill has been shelved as we countdown to the general election on 12 December 2019. The ...
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Tax Diary November/December 2019

1 November 2019 - Due date for Corporation Tax due for the year ended 31 January 2019. 19 November 2019 ...
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Sale of income for a capital sum

A capital sum received by an individual in respect of the sale or relinquishment of income - derived from his ...
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Pecuniary liability treated as income

A pecuniary liability can occur when a monetary obligation is fulfilled by an employer, when by law, the liability was ...
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Using the cash basis for property businesses

The cash basis scheme helps sole traders and other unincorporated businesses benefit from a simpler way of managing their financial ...
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Costs you can claim against your self-employed business

If you are self-employed it is important to be aware if an expense is allowable for tax deduction purposes or ...
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