The Finance Bill 2018-19 draft legislation includes a new measure to introduce a points-based penalty system for certain regular (e.g. monthly, quarterly and annual) returns that are filed late.
Read More
HMRC propose to restrict the availability of “rent a room” relief to situations where the taxpayer is living in the let property for at least some of the time that the accommodation is let.
HMRC have now issued their detailed guidance on the digital record keeping and return requirements for Making Tax Digital (MTD) for VAT.
Here’s an example of the tax savings that could be made:
Take David, he sells a second home realising a gain of £100,000 and so has a capital gains tax liability at 28% i.e. £28,000. (presuming he has already used his annual exemption).
Have you ever struggled to find the answer to something or create a solution that sticks? Sometimes it can be because you haven’t got to the real heart of the issues – and that’s where questioning techniques can be so useful.
In this issue, Read about how a successful family business takes the floor, we zero in on Xero and talk about how referrals can help build your business. Get your Free copy now.
In this third and final article, we look at some of the more advanced tools available to you.
HMRC has launched a new consultation inviting comments from interested parties regarding the introduction of new VAT reverse charge legislation for certain construction services.