Business News

Where an individual is resident in the UK, he or she is generally taxable on worldwide income and gains whether

Where credit card sales have been omitted from business takings, HMRC are encouraging taxpayers to come forward and make a

From 6 April 2016 new rules were introduced to allow employers to provide their directors and employees with certain “trivial”

Note that where employers reimburse their employees 45p per mile for using their own cars they are able to reclaim

The latest Finance Act has retained the 28% CGT rate for sales of residential property, whereas the general rate was

You can apply to HMRC for a VAT refund on building materials and services if you are building a new

In previous briefings we have highlighted the fact that Revenue have increasingly used the Tax/E briefing facility to advise practitioners

Have you used your 2015/16 £11,100 annual exemption? Consider selling shares where the gain is less than £11,100 before 6

Take advantage of the pension carry forward rules in order to benefit from any unused allowances from the previous three

For every £2 that your adjusted net income exceeds £100,000, the £10,600 personal allowance is reduced by £1. Pension contributions

Prior to the introduction of RTI, employers were required to complete an end-of-year checklist and declaration on form P35 and

Unlike income tax under PAYE, Class 1 National Insurance Contributions (NICs) are not normally calculated on an employee’s cumulative earnings

The suggested reimbursement rates for employees’ private mileage in their company cars are reviewed each quarter on 1 March, 1

HMRC has amended its guidance for charities that claim Gift Aid on the sale of donated goods.Gift Aid normally only

Small business accounting with Xero Xero is online accounting software created especially to suit the needs of small businesses. It’s

VAT on Digital Services When you sell digital services across international borders from 1st January 2015, you will have to

The Second Incomes Campaign gives you the chance to bring your tax affairs up to date if you’re employed and

Capital gains tax entrepreneurs’ relief provides for a 10% rate on the disposal of a business, including a sole trade

Finance Act 2012 introduced a 15 per cent rate of SDLT on the acquisition by certain non-natural persons (broadly companies)

Class 2 NIC for the tax year 2014/15 is charged at the rate of £2.75 per week. It is possible

There are plenty of myths about the tax rules on company cars and the Pool Car Policy, but you should

We all remember the notorious flat rate charge of £200 that was introduced back in 1990 for the private use

As previously announced, it has been proposed that from 6 April 2015 CGT will be charged on non-residents who make