Taxpayers are being warned about the latest scam email to target them, which takes advantage of the deadline at the end of this month for the 2015-16 Self Assessment tax returns to try and trick taxpayers into thinking they’re due a tax rebate.The email – titled “#Refund Payment Confirmation Number” and an 11-digit number – tells customers that “we ...read more
'My yacht caught fire', 'a wasp attacked me', and 'my dog ate it and all the reminders' feature in a list of the worst excuses for a late tax return that HMRC received this year. Each year, they release this list to highlight the 31 January deadline for filing 2015-16 personal tax returns. However, it makes for interesting reading on ...read more
Christmas is just days away and one of the traditions of the season is the company Christmas Party. Whether you choose lunch, dinner or a visit to Winter Wonderland, you might be wondering if you can claim back any of those expenses against your Corporation Tax bill.Well, we have good news for you! HMRC allows a maximum amount of ...read more
Ignore the letter One of our clients received this letter, and was understandably concerned – this letter has left some businesses thousands of pounds out of pocket. Business owners should be worried by this letter, but not for the reasons that you think. These letters are spam letters sent out by a Spanish publication firm, threatening businesses with being struck off a ...read more
…a worker doesn’t have a fixed place of work. Therefore those of us who work in the same location each day are unable to claim that those many many hours spent in a car or pressed against a train window count as time on the job.This has been the case since a ...read more
The most significant impact on anyone's tax is arguably their residence status. Concluding on whether a person is UK resident for tax purposes is not easy. It's really difficult, in fact. To make life a little easier, we have summarised below the key points of the residency test:View a higher-resolution version of the infographic ...read more
The Autumn Statement was released on Wednesday by Chancellor Philip Hammond and, if you listened closely, amongst the doom and gloom that was the forecasts for this country’s post-Brexit economy, you may have heard a number of tax changes being announced. If however you happened to miss the Chancellor’s riveting speech, we have summarized the key points for you below.Companies
The Seed Enterprise Investment Scheme (SEIS) was set up in 2011 by George Osborne to promote new enterprise and entrepreneurship, which in turn would help economic growth. It extends the existing EIS scheme by targeting smaller, higher-risk companies, although it also introduces stricter qualifying requirements. The scheme helps newer startups to appeal more to investors by offering them a couple of ...read more
Applying for a mortgage is one of the more stressful aspects of buying a new house, especially given the changes in the market since the financial crash. Now it appears that the prospects of the self-employed looking to climb up the property ladder have been hampered, following a Financial Conduct Authority (FCA) report that a number of lenders have been ...read more
Thinking about opening a local corner shop? What about a cash and carry? Maybe even a food delivery service? These are a few business ventures you could hope to pursue but they all have one thing in common - you will most likely need a company vehicle to meet business demands.When it comes to HMRC, even the seemingly simplest things ...read more
