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Land Registry property alert service

  • Posted On: 11 October 2017
Land Registry property alert service HM Land Registry's property alert service is a free (for up to 10 registered properties) service to help protect property from fraud. The counter-fraud security measure was introduced by the Land Registry to monitor registered properties, where there

Check your National Insurance record online

  • Posted On: 11 October 2017
Check your National Insurance record online HMRC offers an online service to check your National Insurance record online. In order to use the service, you will need to have a Government Gateway account. If you don’t have an account, you can apply to set one up online. By signing in to the

Employing someone to work in your home

  • Posted On: 11 October 2017
Employing someone to work in your home When you employ someone to work in your home, it is your responsibility to meet their employee's rights and deduct the correct amount of tax from their salary. This can include domestic staff such as a nanny, housekeeper, gardener or carer. The rules

Capital allowances when you sell an asset

  • Posted On: 11 October 2017
Capital allowances when you sell an asset Capital allowances is the term used to describe the tax relief businesses can claim on certain capital expenditure and thereby reduce the amount of their taxable profits. Most ‘capital’ items, such as equipment, vehicles, machinery etc, last for a

Christmas party and other social events

  • Posted On: 04 October 2017
Christmas party and other social events In a recent newsletter we looked at the tax implications of giving Christmas gifts to your staff and the complications that can arise. In this newsletter, we will take a look at the tax breaks available for staff Christmas party or similar annual

Landlords’ finance charges restrictions

  • Posted On: 04 October 2017
Landlords’ finance charges restrictions The government’s move to restrict the tax relief landlords receive on finance charges started to take effect from April this year. This is the first year that finance charges are being restricted. The tax relief on mortgage costs used to buy

Self-Assessment e-filing deadline

  • Posted On: 04 October 2017
Self-Assessment e-filing deadline As existing Self-Assessment tax filers will be aware, the deadline for online submission of your 2016-17 Self-Assessment tax return is 31 January 2018. This is also the date that the payment is due for the balance of any Self-Assessment liability for

Benefits and limitations of the VAT Flat Rate Scheme

  • Posted On: 04 October 2017
Benefits and limitations of the VAT Flat Rate Scheme The VAT Flat Rate scheme (FRS) has been designed to simplify the way a business accounts for VAT, and in so doing, reduces the administration costs of complying with the VAT legislation. Using the FRS, you simply pay VAT as a fixed percentage of

Self-employed - claim rate per mile for use of car

  • Posted On: 04 October 2017
Self-employed - claim rate per mile for use of car There are simplified arrangements in place for the self-employed (and some partnerships) to claim a fixed rate deduction for certain expenses where there is a mix of business and private use. The simplified expenses regime is not available to limited

Tax on foreign income

  • Posted On: 04 October 2017
Tax on foreign income Income Tax is generally payable on taxable income received by individuals in the UK, including earnings from employment, earnings from self-employment, pensions income, interest on most savings, dividend income, rental income and trust