Here you can keep up to date with our latest news, as well as the latest goings-on in the world of accounting.
If you move abroad it can be advantageous to continue paying UK National Insurance Contributions (NICs) in order to preserve your entitlement to the State Pension and other benefits. If you are working in the European Economic Area the rules depend o... Read More
The Notification of Vehicle Arrivals (NOVA) is an online notification system for vehicles entering the country for permanent use on UK roads. There is a separate process for personal imports from outside the EU and for the temporary importations of a... Read More
HMRC has issued a press release detailing the number of online filings made for the 2016-17 self assessment returns. The use of the online service continues to grow year on year. In this year a total of over 9.9 million online filings were made by th... Read More
Many taxpayers supplement their income by selling services online. This is often known as the 'sharing economy' or the 'peer-to-peer economy' and usually involves taxpayers renting out something they are not using such as their house (using websites... Read More
Rollover relief is a valuable relief that allows for a delay in the payment of capital gains tax (CGT) on gains when you sell or dispose of certain assets and use all or part of the proceeds to buy new assets. The relief means that the tax on the gai... Read More
The Minister for Disabled People, Health and Work has launched a new campaign to encourage more retail employers to sign up to its trailblazing “Disability Confident” employer scheme, to increase the number of disabled people in the workforce. The go... Read More
The Disclosure and Barring Service (DBS) has introduced new identity checking guidelines for standard and enhanced disclosure checks. The new guidelines have been running in parallel with the previous guidelines since October 2017. However, the previ... Read More
Employees who use their own uniforms, work clothing and tools for work can sometimes claim tax relief for the associated costs. It is possible to claim for the cost of repairing or replacing small tools you need to do your job as an employee (for exa... Read More
As a general rule there is no CGT payable on the disposal of a property which has been used as the main family residence. Conversely, an investment property which has never been used will not qualify for relief. This relief from CGT is commonly... Read More
Taxpayers that have not yet filed their 2016-17 self-assessment returns will have been charged an automatic £100 penalty for late submission. The penalty applies from 1 February 2018 even if no tax was due or the tax due was paid on time.In some case... Read More
HMRC revealed that, as of 24 January 2018, there remained over 3 million taxpayers who had not yet submitted their 2016-17 self-assessment returns. This left a lot of people with a lot of work to do in the final week before the submission deadline.An... Read More
There are special rules in place when a limited company gives to a charity. This can include Corporation Tax relief for certain donations made to registered charities or community amateur sports club (CASC) as well as capital allowances for giving aw... Read More
