Multiple homeowners who leave “holiday lets” empty will no longer be able to claim tax benefits, it has been announced.
Businesses that do not use MTD for VAT make more errors than those that do, study reveals
Small and medium-sized enterprises (SMEs) that do not use Making Tax Digital (MTD) for VAT make more errors than those that do, a major study has revealed.
How the penalty system for late tax submissions is changing
Under new rules set by the Government, the system of penalties for VAT and Income Tax Self-Assessment (ITSA) are changing. The new system of fines is aimed at tackling non-compliance by taxpayers who repeatedly fail to meet their obligations to provide returns and other information requested by HMRC. Those who make occasional and infrequent mistakes […]
Does 2022 hold further taxation and regulation for the property sector?
During the last decade, the UK property industry has seen an increasing number of tax rules and legal obligations place on investors and landlords, including changes to the wear and tear rules, lettings relief and mortgage interest relief.
The Christmas gift allowance: how it works
If you are planning on treating staff this Christmas, here’s a brief guide to the tax rules for the 2021/22 financial year.
Are you a Self-Assessment taxpayer?
If you are, then keep reading…
Personal tax: Take home more of what you earn with these tax-saving tips
More workers than ever are finding themselves getting close to or exceeding the higher rate tax bracket, recent figures have revealed. In this blog, we are going to share nine essential tips employees can use to keep themselves out of the higher rate tax bracket and take home more of what they earn. Flat rate […]
Are you protecting yourself from an HMRC tax investigation?
As the furlough scheme comes to an end, HM Revenue & Customs (HMRC) is carrying out a rising number of tax investigations, aiming to tackle tax evasions in full force.
UK house prices hit significant record
According to the UK’s largest mortgage lender, Halifax, house prices in the UK hit a significant record during August but the yearly growth pace in property values slowed.