by Lisa Dickson | Sep 20, 2018 | HMRC and tax
How has devolution affected what tax you pay? First-time buyers in England, Northern Ireland – and for a short time in Wales – were the biggest winners in the most recent shake-up to affect property taxes in Autumn Budget 2017. Philip Hammond’s headline measure was to...
by Lisa Dickson | Aug 29, 2018 | HMRC and tax
You’ve got a great business idea, you’ve done all the relevant market research, you have a bulletproof business plan, and you’ve forecasted your first quarters’ cash flow, but have you considered business’ legal structure? There are a...
by Lisa Dickson | Aug 13, 2018 | HMRC and tax
How can you reduce your capital gains tax bill in 2018/19? Whether you’re a buy-to-let landlord, a shareholder, an art dealer or you fall somewhere in between, the chances are you will be familiar with paying capital gains tax (CGT). CGT is payable when you ‘dispose’...
by Lisa Dickson | Jul 23, 2018 | HMRC and tax
The pros and cons of letting furnished holiday accommodation. When furnished holiday property is let on a commercial basis for short periods, the owner can benefit from certain tax reliefs which wouldn’t otherwise be available to residential landlords, providing...
by Lisa Dickson | Jul 9, 2018 | HMRC and tax
Obligations from 1 April 2019 onwards. Although the Making Tax Digital (MTD) regime has suffered several setbacks and delays, MTD for VAT remains on course to take effect from its planned implementation date of 1 April 2019. Under the scheme, VAT-registered businesses...
by Lisa Dickson | Jun 18, 2018 | HMRC and tax
A brief guide to the tax implications of IR35. IR35 is the shorthand name for tax rules concerning the provision of personal services through intermediaries. These rules came into effect on 6 April 2000, but they were significantly amended from 6 April 2017 for...
