Statutory UK Residence Test

9th December 2016

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 more

Autumn Statement 2016

25th November 2016

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 more

    Self-employed and struggling to get a mortgage ?

    23rd May 2016

    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 more

    Pool vehicles – an overview

    18th May 2016

    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 more

    Sportech may have scored the winning goal in VAT case against HMRC

    11th May 2016

    Online gambling and entertainment company Sportech have recently seen a rise in their share price after winning a major seven year court battle with HMRC. The case originates from the ambiguity of the football pools trade that Sportech runs. This particular gambling trade was extremely popular prior to the introduction of the national lottery, however as the latter offered a more

    Reduced-rate VAT on building services when converting premises to a different residential use

    26th April 2016

    If you have ever looked in to the rules surrounding reduced- or zero-rate VAT and the building and construction industry (if you haven’t then it is an excellent way of spending a Saturday afternoon), you will have no doubt noticed that it is a veritable rabbit hole of specific situations, qualifying conditions, requirements and exclusions. Therefore I have taken it more

    Zero Hour Contracts – not as clear cut as you might think

    31st March 2016

    Zero hour contracts can be beneficial to both employees and employers; employees may not be able to commit to a full-time position due to other responsibilities, whilst employers may want the flexibility of having the minimum number of staff working that are needed to cope with varying levels of demand. As a result they are very popular in businesses such more

    Marriage Allowance: How does it work and what will I save

    15th March 2015

    Marriage Allowance is a scheme that helps married couples in reducing their annual tax bill by up to £212.From 20 February 2015 married couples paying tax at the basic rate are entitled to apply for Marriage Allowance.How does Marriage Allowance work?If one of the partners has income less than £10,600 (the tax-free personal allowance for tax year ending 5 April more