Electric Car Charging

Company cars

  • 07 Sep 2018
  • Nov

Electric cars are creating a buzz in environmentally-conscious companies, and not just because of the noise they make. They are cheap to run and the price of many models is coming...

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Court Hammer

Penalties for late PAYE

  • 07 Sep 2018
  • Nov

All payroll payments and deductions must be reported to HMRC under real time information (RTI). The main RTI report is the full payment submission (FPS), which should be sent on or...

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Sold Sign

Reclaim SDLT, LTT or LBTT

  • 07 Sep 2018
  • Nov

If you have acquired a new home since 1 April 2016 you should be aware of the 3% stamp duty land tax (SDLT) supplement which applies to purchases of second and additional homes. Th...

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Calculator Tax Forms

Landfill tax

  • 07 Sep 2018
  • Nov

As an ordinary business, you may think that landfill tax is someone else’s problem. You pay for your waste to be taken away and the waste disposal company is responsible for...

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British Money Notes

Pension lump sum

  • 07 Sep 2018
  • Nov

If you have taken a lump sum from your pension fund you may have had excess tax deducted by the pension company, but you can reclaim it. Although 25% of your pension savings can be...

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Skyscraper

VAT option to tax

  • 07 Sep 2018
  • Nov

Commercial properties which are more than three years old will not have VAT attached to their sale or rent unless the owner or leaseholder has opted to apply it. This is called the...

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Online Tax

Requirement to correct letters

  • 07 Sep 2018
  • Nov

HMRC is writing to taxpayers who may own assets overseas or have a source of offshore income. These assets could be anything from a Jersey bank account to an overseas holiday let,...

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Contractor loan schemes

  • 07 Sep 2018
  • Nov

Contractors working through their own companies from 2000 onwards may have been told by their employment agency that it was tax efficient to accept payment for their services struc...

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Stacking Coins

Income tax calculations

  • 07 Sep 2018
  • Nov

Every year HMRC reconciles taxpayers’ tax liabilities to the tax reported as paid for the individual via PAYE. This is happening now for the 2017-18 tax year. If the calculat...

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VAT

MTD: What, when and how

  • 07 Sep 2018
  • Nov

If your business is VAT registered, and the turnover for the last year has exceeded £85,000, you should soon receive a letter from HMRC stating that you must comply with the makin...

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