News and events
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Tax changes for overseas landlords with UK land and property
Any non-resident landlord (NRL) company with a UK property business will pay Corporation Tax instead of Income Tax from 6 April 2020.
Trust registration changes are coming
New rules are coming into effect in 2020 meaning that all express trusts will need to be registered, whether or not they are liable to UK tax.
Changes to Making Tax Digital coming in April 2020
Thousands of businesses with £85,000+ turnover filed their VAT on HMRC’s Making Tax Digitals platform. HMRC have released new changes to MTD coming in April 2020.
Tax relief on professional fees and subscriptions
Did you know that you are allowed to claim tax relief on your annual professional fees or subscriptions to some HMRC approved professional organisations? The costs are tax-deductible generally where you must have a membership to do your job or it is helpful for your...
Brexit: What happens now the UK has left the EU?
HMRC has confirmed that the current rules on trade, travel, and business will continue to apply until the end of the Brexit transition period on 1 January 2021.
HMRC shares bizarre excuses and expense claims on tax returns
Vengeful witches and pet hamsters feature in HMRC's list of weirdest unsuccessful excuses and expenses claims from the last decade. The list includes one taxpayer who claimed their mother-in-law was a witch who had cursed them, hamsters and dogs that had eaten the...
Conservative Party elected with working majority
Now that Boris Johnson and his Conservative party have won the General Election will we finally Get Brexit Done? More importantly, can the UK Government now get on with running the country and sort out urgent issues such as the NHS and social care? We will have to...
31 January deadline for pre Brexit EU VAT refund claims
With only three weeks until the proposed Brexit date, HMRC has set a 31 January deadline for online claims for EU VAT refunds via their website.
Claim a VAT refund if you build a home – don’t leave it too late!
If you are building a new home or converting a non-residential building (such as a barn) into a home, you may be able to reclaim VAT on materials used under the ‘DIY Scheme’. The value of claims under this scheme can be significant. When do I need to submit my VAT...
Know your Plant and Machinery Allowances
It’s that time of year again, the nights are long and it’s the start of a new year. Whilst the thought of harvest 2020 is a particularly daunting one given the horrendous conditions affecting autumn drilling, you may be thinking ahead to machinery requirements, keen...
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