Howlader & Co Blog

Cryptocurrency Tax In The UK: What You Need To Know

10th August 2021

Guidance on cryptocurrency tax in the UK can often seem unclear to new investors. It’s still an unfamiliar area for many. Cryptocurrency’s origins date to 1983, but it has only recently hit the mainstream. Now, cryptocurrency investments are exploding - and so are queries about crypto tax in the UK. Are you a crypto investor making substantial gains from your investments? If more

IR35 and Entrepreneurs’ Relief

25th June 2021

From April 2021, reforms to IR35 - otherwise known as off-payroll working - now also apply to the private sector. It's a move that could make claiming Entrepreneurs' Relief the next step for many businesses. Medium and large-sized private sector businesses are now responsible for determining the IR35 status of their contractors. Workers who fall inside of IR35 must have Income more

Key points from the Government’s Winter Economy Plan

1st October 2020

Job Support Scheme:

  • Replaces the Job Retention Scheme and will run for 6 months: 1 Nov 20 – 30 Apr 21
  • Eligibility: All employers (small and medium companies) with a UK bank account and UK PAYE schemes can claim the grant. Neither the employer nor the employee needs to have previously used the Coronavirus Job Retention Scheme
  • Employees must have been on an more

Reclaiming pre-registration VAT – hidden rules could cause problems

23rd September 2020

When opening a business, your goal will be to achieve as much success as possible, especially with your turnover. As a business owner, you will have an obstacle by the name of tax, and you will probably be familiar with the corporation tax which you pay on the profit made. Once your business’ turnover (VATable) exceeds £85,000 per more

Tax and accounting treatment for website development costs

9th April 2020

Planning on building or updating the website for your company? Not sure how to account or tax the website development costs? Does it go under profit and loss and count as an expense? Or does it go on the balance sheet and count as an asset? Haven’t a clue how to answer those questions? Don’t worry, you’ve come more

Travelling Abroad and Duty Free Limits

22nd August 2019

If you are travelling abroad this summer, it’s good to bear in mind the amount of goods that you can bring back to the UK without having to pay UK tax. When travelling to EU Countries: If you are coming back from an EU country, you can bring back an unlimited amount of most goods as long as they are for your more

What is a Rent A Room Relief?

9th August 2019

The Rent a Room relief is an optional scheme that allows you to earn up to £7,500 a year tax-free (or £3,750 if you’re letting jointly) when you let out furnished accommodation to a lodger in your main home and you are also living in the accommodation for at least some of the time that the accommodation is let. Claiming the more

What is the Annual Tax on Enveloped Dwellings (ATED)?

25th June 2018

ATED is an annual tax charge on Enveloped Dwellings payable by companies, partnerships with corporate members and collective investments vehicles that own a UK residential property valued at £500,000 or above. When do I need to submit my ATED return and are there any penalties? If the property falls within the ATED charge, a return must be submitted to HMRC by more