Does HMRC know about your rental income? HMCR is actively hunting out landlords who...
HMRC confirms ‘soft landing’ for Making Tax Digital HMRC has confirmed that digital reporting requirements will be relaxed during the first year of Making Tax Digital (MTD) for VAT-registered businesses. From April 2019, businesses with annual taxable turnover of more than £85,000 will be required to maintain digital records for VAT and submit quarterly returns … Continued
Capital allowances for plant and machinery How to minimise business tax in 2018/19. If there’s one thing that keeps us awake at night it’s the thought of how many British businesses are failing to claim capital allowances to which they are entitled – worth billions of pounds across the board, according to some estimates. Capital … Continued
Tax on residential property How has devolution affected what tax you pay? First-time buyers in England, Northern Ireland – and for a short time in Wales – were the biggest winners in the most recent shake-up to affect property taxes in Autumn Budget 2017. Philip Hammond’s headline measure was to abolish stamp duty for first-time … Continued
