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Introduction: As the tax year ends in these uncertain times (5/4/2021). We are presenting you with tax planning opportunities and pitfalls advices (written or verbal) for both individuals and businesses as well as dealing with issues around COVID-19 in modules as follows: Ta...
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Introduction

Knowing the important deadlines in the last tax year started on 6 April 2020 and ended on 5 April 2021 will help you to prepare and send off the main forms in good time. You may have a range of obligations for corporation tax, PAYE, self-assessment, VAT, National Insurance c...
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What is IR35?

If you’re not directly employed by your client in a traditional sense, but you use an intermediary (such as a Limited Company) to provide your services, the intermediaries’ legislation – known as ‘IR35’ – may apply to you. Broadly, an engagement will fa...
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How to keep your home address private

What addresses are recorded by Companies House when you register a company?When forming a private limited company in the UK you are required to provide personal information for the directors of the company and declare the registered address of the business.Some of this infor...
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The issue

Any taxpayer who submits a tax return can be selected for an HM Revenue and Customs (HMRC) enquiry at random. Those taxpayers unfortunate enough to be selected may find HMRC’s tax return enquiries rather obtrusive. Is HMRC entitled to see a self-employed taxpayer’s ...
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The cash basis simply takes account of money in and money out – there is no need to worry about debtors and creditors and prepayments and accruals. Income is recognised when received and expenditure is recognised when paid. Since 6 April 2017, the cash basis has been the d...
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COVID-19 Related Issues

April 1, 2021

Support for COVID-19

Introduction: The UK, Scottish and Welsh Governments and the Northern Ireland Executive have announced a wide range of measures to support businesses that are experiencing difficulties due to COVID-19. The support that is available depends on the particular circumstances; fo...
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PAYE healthcheck

April 26, 2019

Why is a PAYE / NIC healthcheck needed?

A PAYE healthcheck is a review of an employer’s payroll and benefit procedures to ensure that they are delivering the right results in terms of compliance with HMRC’s rules on tax and NIC on employees’ pay, expenses and benefits. It is designed to minimise the risk of ...
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There are various exemptions, and potential exemptions, which make it possible to make gifts free of inheritance tax. Making tax-free gifts is a useful way to reduce the value of your estate – and ultimately the inheritance tax that may be payable on gifts....
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...as presented by The Chancellor.

1. Public Finances - Turning PointSince 2009-2010 the deficit has fallen by four-fifths, from 9.9% to 1.9%. Public debt peaked in 2016-17 and is now falling. On average, spending on public services will grow 1.2% above inflation a year from next year until 2023-24. 2. Employ...
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2020-21 Tax yearCOVID-19CharitiesPensionsPayrollEmployment taxIR35DirectorsCompaniesBusinessesProperty taxTax adviceFamily taxPersonal taxInheritance taxBudget 2018
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