Navigating the crisis The Coronavirus (COVID-19) pandemic and associated shutdown has significantly affected many businesses. We know you may be suffering in terms of cash flow and face enormous uncertainty about the future for your business. We will do all we can to help you. In this newsletter we have brought together what you need […]
Tax changes, deadlines, thresholds & penalties…
Fuller Spurling’s Spring 2020 tax briefing is now available, with guidance and information on the following… Capital Gains Tax (CGT) – pay in 30 days! IR35 off-payroll working rules, 6 April 2020 New NIC thresholds announced ahead of the budget Restricted Employment Allowance, worth up to £3k per year Company accounts & returns – […]
Loan Charge review: lower tax bills for 30k+ tax payers
Disguised remuneration loan charge Loan Charge review – what’s next? “The changes should reduce the tax bills of over 30,000 people, with 10,000 plus now not having to pay anything.” The loan charge was introduced to counteract the tax advantage gained by many who used disguised remuneration schemes, often known as Employee Benefit Trusts, or […]
What’s the current tax situation for…
Fuller Spurling’s December 2019 tax briefing is now available, with updates and information to keep you up to date with the current tax situation regarding… Capital Gains from off-plan homes following a recent Court of Appeal’s decision Changes to company-car taxable benefits Reporting of Offshore Investments Funds on your Tax Return Making tax digital (MTD) […]
Budget for your tax bills
Many company owners take a small salary and variable amounts of dividends from their company each year. Previously, the dividends came with a tax credit, so there was no further tax to pay as long as total income didn’t stray into the higher tax bands.
Why your tax code may be wrong
Some simple reasons why your tax code may be wrong
Why your P800 may be wrong
Some reasons why your P800 from HMRC may be wrong
Online filing of tax returns
Your personal tax return for 2016-17 must reach HMRC by midnight on 31 January 2018
Tax data sheet for 2017-2018
This is our 2017/2018 tax data sheet
Can a home-owner sell part of their garden for a development free of tax?
In this post we discuss if a home owner can sell part of their garden for development free of tax. Would such a sale be free of tax? This concerns the “principal residence relief” (PRR) relief from capital gains tax. The relief is given against gains arising on a disposal of a dwelling-house or part […]
Query about the four year cap on VAT errors
In this post we consider what the time limits are when an HMRC Officer raising an assessment after a VAT visit. In this example a client had a VAT inspection on 31st January 2017 and the Officer has subsequently issued an assessment for underpaid output tax for an error that was made in a VAT […]
Incurring losses on properties let under their value
In this example, a client has bought a flat which is being let to her son. He has recently started his working life in a relatively low paid job so my client is helping out by charging him less than market rent and, as a result, expects her mortgage interest and other expenses to exceed […]
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