Autumn Statement 2022
Summary The Autumn Statement on 17 November 2022 contained several significant tax announcements. This was not presented as full Budget, and the full schedule of tax rates and allowances was ...
Latest News Round-Up – November 2022
Making Tax Digital - should your business change its year-end now? Making Tax Digital for Income Tax (MTD ITSA) is due to start on 6 April 2024 with the first ...
Entertaining – allowable for tax?
The tax rules for entertaining businesses are clear. Whether payment for lunch with a customer or tickets for a sporting event -- whatever the reason, with few exceptions, any cost ...
Renting out a Spare Room
The children are gone and there is an unoccupied 'spare' room. Apart from using the room as extra storage, renting it out is another option that can enable use of ...
Questions and Answers – November 2022
Q. I live in a semi-detached property and am in the process of purchasing my neighbor's property with the intention of converting the two houses into one. Therefore, the new ...
Mini Budget Summary
Introduction to the Mini Budget Summary We knew that the new Prime Minister Liz Truss wanted to cut income tax rates at some time in her tenure because we had ...
Tax Repayment Claims
Claims for repayment of tax are usually made via submission of a tax return, e.g. a self-assessment repayment claim is by completion of the section on page TR7. Whether as ...
Landlords Expense Claims
Whatever the reason for becoming a landlord, expenses will be incurred relating to that property at some time or another. Unfortunately, just because a payment has been made does not ...
VAT Schemes
Most businesses know that once the tax turnover for a business exceeds the VAT registration threshold (currently £85,000 a year), or it is expected to do so within the next ...
