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Monday, January 17, 2022

Tax

HMRC warns that owners must accurately declare these earnings on their self assessment tax returns or face criminal charges if in default. A boom in bookings The Covid pandemic has stored...
The ending of an overlap period for profits for the self-employed could result in bigger tax bills. A change in the basis periods for the assessment of self-employed profits to coincide with the tax...
An official review of the Capital Gains Tax (GGT) has recommended that those selling property should be given 60 rather than 30 days to report and pay their CGT or that estate agents and conveyancers should mandated...
The digitisation of business and personal accounts reporting to HMRC is coming soon for businesses below the VAT threshold. It is now less than 12 months before those VAT registered businesses with turnovers...
Earlier in the year, HM Treasury published a number of reviews and proposals relating to tax policy, dubbed “Tax Day”, aimed at creating a more modern and open tax system in the UK. One...
If you are self-employed landlord, run a company, employ others or simply earn additional income, you should be aware of the changes resulting from the latest budget. These guidelines are based on English law...
Capital Gains Tax Prior to the recent budget there was a great deal of speculation about whether Capital Gains Tax (CGT) would be increased to the same level as income tax. As we...
One of the most common tax topics we are asked about at APARI is jointly-owned property. Jointly-owned property is where a property, rental or otherwise, is owned by more than one person. In tax...
The big changes are in the submission frequency and digital submission process. Firstly, you will need to complete not one but five tax submissions per year ‒ one every quarter with the final one being an annual...
With new Making Tax Digital (MTD) rules from HMRC soon to come into effect, landlords and any other self-employed individuals will have to submit their accounts directly to HMRC via recognised software. The changes will create a...