Last year alone, Corporation Tax netted the Treasury £55.1 billion. While the 2018/19 figure represented a 2% rise on...
PEARSON MAY
Business
SHOULD I EXTRACT THE PROFITS FROM MY LIMITED COMPANY?
Salary It is relatively common practice for director/shareholders of ‘ownermanaged companies’ (e.g. companies that are...
MAKING TAX DIGITAL FOR VAT – ACT NOW!
What does ‘MTD for VAT’ mean for my business? Many businesses will already be used to filing their VAT returns online...
MAKING A GIFT? DON’T FORGET TO TELL THE TAXMAN!
How can Capital Gains Tax be payable when I haven’t actually made a gain? Any transfer of an asset by an individual to...
REPORTING BENEFITS AND EXPENSES PROVIDED
Do all businesses need to complete the forms and which benefits/expenses are reportable? Not every business will need...
THE NEW TAX YEAR
Income Tax and Capital Gains Tax The personal allowance is increasing by just over 5% to £12,500 across the UK,...
THE END OF THE TAX YEAR
As always at this time of year, it is advisable to review your tax affairs, making the most of opportunities to...
TAX RETURN DEADLINE
If you are within the self-assessment regime and therefore required to file a Tax Return for 2017/18 then time is...
THE LET PROPERTY CAMPAIGN AND UNDECLARED LETTINGS INCOME
In the past few weeks we have heard that HMRC has increased the number of letters they send to residential landlords...
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