Tax Tips

Q. I own several properties jointly with my son. Most of them are rented out, but my son has lived in one of them for five years. My son is now considering buying a house on his own and this will [...]

2 – Last day for car change notifications in the quarter to 5 January – Use P46 Car 19/22 – PAYE/NIC, student loan and CIS deductions due for month to 5/2/2018 28 – First [...]

HM Treasury has confirmed that the Spring Statement will take place on Tuesday 13 March 2018. At Autumn Statement 2016, the Chancellor announced that in future there will be a single fiscal event [...]

The new Fulfilment House Due Diligence Scheme will open for online applications on 1 April 2018. From that date, businesses in the UK that store any goods imported from outside the European Union [...]

Whilst forming a partnership can be an extremely flexible way for two or more people to own and run a business together, it is important to appreciate that under this type of trading vehicle, [...]

In the Scottish Budget, which took place on 14 December 2017, Scotland’s Financial Secretary, Derek Mackay, announced that two thirds of income taxpayers will pay less next year on their [...]

Q. I have recently bought a residential property to rent out. To enable me to purchase this property I took out a mortgage on my own home, but I did use all the money to buy the rental property. [...]

1 – Due date for payment of Corporation Tax for the year ended 31 March 2017 14 – Return and payment of CT61 tax due for quarter to 31 December 2017 19/22 – PAYE/NIC, student [...]

HMRC have launched a new Growth Support Service through which mid-sized businesses undergoing particular types of growth can apply for specialist help with compliance or guidance on reliefs. A [...]

The Office of Tax Simplification (OTS) has published a paper outlining its future works programme, identifying areas of interest that the office will be looking at in the next twelve months and [...]