Demergers

There are special statutory demerger provisions that are designed to make it easier to divide and place into separate corporate ...
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Planning for Basis Period reform

The basis period reforms will change the way trading income is allocated to tax years. The reforms will change the ...
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Basic principles of domicile

Domicile is a general legal concept which in basic terms is taken to mean the country where you permanently belong ...
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Tax-free mileage expenses

If you use your own vehicle for business journeys, then you may be able to claim a tax-free allowance from ...
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Dividend tax increase from 6 April 2022

A reminder that the 1.25% increase in NIC contributions that came into effect on 6 April 2022 are reflected in ...
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Asset disposals not subject to Capital Gains Tax

Capital Gains Tax (CGT) is a tax on the profit made from selling certain assets such as property, shares or ...
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When does a partnership exist?

A partnership is a relatively simple way for two or more legal persons to set up and run a business ...
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NIC relief if employing veterans

A new National Insurance Contributions (NICs) holiday for employers who hire former members of Her Majesty (HM) armed forces came ...
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HMRC names avoidance scheme promoters

HMRC has used new powers introduced in the Finance Act 2022 to name tax avoidance schemes and their promoters for ...
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Check your Income Tax for current year

HMRC offers taxpayers the ability to check their Income Tax for the current tax year. The online portal has been ...
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Tax if you live abroad and sell UK home

One of the most often used and valuable of the Capital Gains Tax (CGT) exemptions covers the sale of the ...
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Business tax cuts from April 2022

A number of business tax cuts came into effect from April 2022. This includes an increase in the Employment Allowance ...
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Commuting to work

As a general rule, there is no tax relief for ordinary commuting. The term 'ordinary commuting' is defined to mean ...
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Rural pubs community funding

The Department for Levelling Up, Housing and Communities has published the list of successful bidders from the reopening of the ...
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NIC Rates and Allowances for 2022-23

HMRC has published an updated version of the rates and thresholds for employers following the spring statement. The main changes ...
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Will you need to repay child benefits?

The High Income Child Benefit charge applies to taxpayers whose income exceeds £50,000 in a tax year and who are ...
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Do you need to submit a Self-Assessment return for 2021-22?

There are a number of reasons why you might need to complete a Self-Assessment return. This includes if you are ...
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Get help with childcare costs for Easter

As the Easter holiday approaches, HMRC is reminding parents that they may be eligible for Tax-Free Childcare (TFC) to help ...
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