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IHT and domicile
- November 25, 2021
- Posted by: mardenco
- Category: Inheritance Tax
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Domicile is a general legal concept which in basic terms is taken to mean the country where you permanently belong but actually determining domicile status can be complex. HMRC guidance states that
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CGT Roll-over Relief
- November 25, 2021
- Posted by: mardenco
- Category: Capital Gains Tax
Business Asset Roll-over Relief is a valuable relief that allows the deferral of Capital Gains Tax (CGT) on gains made when taxpayers sell or dispose of certain assets and use all or part of the
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Structures and Buildings Allowance qualifying expenditure
- November 25, 2021
- Posted by: mardenco
- Category: Capital allowances
The Structures and Buildings Allowances (SBA) facilitates tax relief for qualifying capital expenditure on new non-residential structures and buildings. The relief applies to the qualifying costs of
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What is a tax calculation?
- November 25, 2021
- Posted by: mardenco
- Category: Income Tax
A tax calculation is created by HMRC if you have not paid the right amount of tax. HMRC’s annual reconciliation of PAYE for the tax year 2020-21 is now almost complete. HMRC use salary and pension
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Teesside Freeport open for business
- November 25, 2021
- Posted by: mardenco
- Category: Business Support
The first of the English Freeports, Teesside, opened operations on 19 November 2021, and is expected to be followed shortly by Thames and Humber. The Teesside Freeport will be at the forefront of
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New warnings from HMRC re tax fraudsters
- November 25, 2021
- Posted by: mardenco
- Category: General
Fraudsters are continuing to target taxpayers with scam emails in advance of the 31 January 2022 deadline for submission of Self-Assessment returns. In fact, over the last year, HMRC received nearly
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Tax Diary December 2021/January 2022
- November 21, 2021
- Posted by: mardenco
- Category: Tax Diary
1 December 2021 – Due date for Corporation Tax payable for the year ended 28 February 2021.
19 December 2021 – PAYE and NIC deductions due for month ended 5 December 2021. (If you pay your tax
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VAT and business gifts
- November 18, 2021
- Posted by: mardenco
- Category: Value Added Tax
In general, VAT does not have to be accounted for on business gifts to the same person as long as the total cost of the gifts does not exceed £50 (before VAT) in any 12-month period. The definition of
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If clients ask – trading hours for retailers
- November 18, 2021
- Posted by: mardenco
- Category: General
There are special rules that govern the trading hours that certain retailers must follow on a Sunday. These rules are defined in the Sunday Trading Act 1994 and apply to shops in England and Wales.
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Appealing to the First-tier Tribunal (Tax)
- November 18, 2021
- Posted by: mardenco
- Category: HMRC notices
There are a number of different options open to taxpayers that disagree with a tax decision issued by HMRC. Usually, the first step is to make an appeal to HMRC against the tax decision. The case