Paying Online

VAT on rewards for crowdfunding

  • 06 Mar 2018
  • Nov

As an entrepreneur you may look to a crowdfunding site to raise money for a new product. Prospective investors are asked to commit to a set level of funding; in return they earn a...

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Man Enjoying Retirement With Grandchild

Gifts liable to IHT

  • 06 Mar 2018
  • Nov

It’s not true that inheritance tax (IHT) is only due when you die. Capital gifts during your lifetime can be subject to IHT at the rate of 20%, unless the recipient is exempt...

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Calculator Tax Forms

Annual tax on enveloped dwellings

  • 06 Mar 2018
  • Nov

This tax, known as ATED, applies to residential properties owned by companies. It only came into effect on 1 April 2013 and was extended to properties worth over £500,000 from 1 A...

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Row Of Houses

Rent a room relief

  • 06 Mar 2018
  • Nov

This tax relief is designed to encourage people to let out a spare room to a lodger and hence increase the availability of low- cost accommodation. In fact, the relief can also cov...

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Tax Calculate

Welsh land taxes

  • 06 Mar 2018
  • Nov

If you are about to buy a property in Wales, you need to consider the new land transaction tax (LTT) that comes into effect for all property deals which complete on or after 1 Apri...

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Scottish income tax rates

  • 06 Mar 2018
  • Nov

Income tax for Scottish taxpayers is set to change significantly from 6 April 2018, as their earnings, pensions and profits will be subject to up to five rates of Scottish income t...

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NMW and directors

  • 06 Mar 2018
  • Nov

The national minimum wage (NMW) rates rise on 1 April 2018. Are you certain you know what pay rise you must give to employees and whether the directors should be included in those...

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Woman Calculating Tax

Making tax digital: VAT first

  • 11 Dec 2017
  • Nov

The objective of the Making Tax Digital (MTD) project is to get businesses to record their accounting transactions digitally through accounting software and to use that software to...

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Court Hammer

How to fight an NRCGT penalty

  • 11 Dec 2017
  • Nov

Taxpayers who live abroad may sell UK property. Before 6 April 2015 any gains they made would have escaped UK tax. Now such non – resident property owners must pay non-reside...

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Man Enjoying Retirement With Grandchild

State pension: when to stop

  • 11 Dec 2017
  • Nov

In order to receive the full flat-rate state pension (currently £159.55 per week) you need to accrue 35 years of national insurance (NI) credits. It’s easy to find out how m...

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