News blog

NI Numbers Validation

HMRC have admitted that there is a problem with new national insurance numbers containing the prefix ‘KC’. Such NI numbers have been issued by the...

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Loans & Disguised Remuneration

The Government is using all the means within its power to discourage the use of loans to replace remuneration, and in particular loans made by...

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Entrepreneurs’ Relief on sale of business premises

Entrepreneurs’ Relief (ER) came into affect on 6th of April 2008 to replace taper relief, but the range of gains that qualify for ER is...

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VAT on unuaual homes

The first sale of a newly constructed home (or conversion from a commercial building) is zero rated, subsequent sales are exempt from VAT. The zero...

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Trading Or Capital Gain

The Government wants overseas investors to pay UK tax when they sell their UK properties, so it is introducing a new tax rule (Finance Bill...

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Supporting A Student

Following the release of A-Level results last week many of you will be delighted that your child has won a  place at university, but you...

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Lifetime Allowance Protection

The pensions lifetime allowance reduced to £1m from £1.25m on 6th April 2016. This threshold is tested when an individual starts to take their pension...

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Winding-Up The Company

Finance Bill 2016 includes a Targeted Anti-Avoidance Rule (TAAR), which seeks to charge income tax rather than CGT on the distributions from a closed company...

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Making Tax Digital

HMRC have recently published six consultation documents focusing on different aspects of the making tax digital strategy. The strategy will radically reform the way in...

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Threshold income For Student Loan Repayments

A borrower who has a student loan is required to make repayments of that loan if his or her income exceeds the repayment threshold. For...

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