HMRC has published further guidance on the implementation of the loan charge and has made clear there will be no special settlement terms. This follows an independent review earlier this year into whether the loan charge was an appropriate way of
Companies House has confirmed that the temporary measure to suspend compulsory strike-off action will be lifted from 10 October 2020. The temporary measure to pause compulsory strike-offs started in April 2020 in response to the coronavirus pandemic.
The definition of a connected person for tax purposes can be complex and varies depending on the circumstances. A statutory definition of “connected persons” for tax purposes is set out in Section 839 of the Income and Corporation Taxes
Needless to say, the greening does not refer to the colour of whisky. The Green agenda has received endorsement from Scotland’s world famous distilleries who are aiming to cut their emissions by almost half a million tons of CO2 every year. The
One of the more insidious effects of the coronavirus outbreak is its unpredictability. Businesses need to plan. To achieve this there needs to be an underlying, stable economic platform. Lockdown - whether locally or nationally applied - removes the
One of the consequences of recession, such as the present downturn in activity caused by the Coronavirus outbreak, is the likelihood that many will face redundancy as employers try to manage the process. In the past, this shake out process seems to
Most employers and employees are aware of the additional costs of providing company cars and the tax implications they create. However, for many employees the lure of having a company car means that this remains a very popular option. There are some
Under standard VAT accounting, you pay VAT on your sales regardless of whether your customer has paid you. Under the Cash Accounting Scheme, VAT does not need to be paid over until your customer has paid your invoice. Your business can enter this
If your income is expected to exceed £100,000 for the first time, we would like to remind you of the effect this can have on your personal allowance and marginal tax rate. If you earn over £100,000 in any tax year your personal allowance is
The Capital Gains Tax (CGT) reporting and payment date for UK residents that sell certain residential property changed from 6 April 2020. This change meant that any CGT due on the sale of a residential property needs to be reported and a payment on
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