Prior to this new tax year 2020/21 UK residents making capital gains on UK residential sales had until the following 31st January to declare and pay any capital gains tax (CGT) due. Prior to this new tax year 2020/21 UK residents making capital gains on UK residential sales had until the following 31st January to […]
Category Archives: blog
Blog from Tax Compute, Cheltenham accountants, Gloucester accountants
22
Sep
Sep
Below we will set out the salient points of Rishi Sunak’s what he calls his “Winter Economy Plan” to protect jobs as the UK and the rest of the world continue to fight the Covid-19 pandemic. The Chancellor unveiled the measures yesterday September 24th. The PM has also warned that the latest Covid-19 restrictions could […]
20
Sep
Sep
Young people aged 16-24 who are on universal credit will be offered a six-month work placement with wages paid by the government. Young people aged 16-24 who are on universal credit will be offered a six-month work placement with wages paid by the government. Young people taking part in the scheme will receive on-the-job training, skills […]
19
Sep
Sep
HMRC are inviting self-employed individuals or members of a partnership who have been adversely affected by the pandemic (Coronavirus-19) to claim a second grant HMRC are inviting self-employed individuals or members of a partnership who have been adversely affected by the pandemic (Coronavirus-19) to claim a second grant referred to as the; self-employed income support […]
18
Sep
Sep
IR35 EMPLOYMENT VERSUS CONTRACTING In this article we will detail some tips on how to stay outside IR35 but it is also worth reviewing the benefits of permanent employment versus contracting. You may read the statement from Contractor websites that “To stay outside IR35 is crucial for the financial health of contractors”. That statement is […]
10
Sep
Sep
It is worth a recap on this subject as the rules can be confusing. Employees and employers alike can get very confused about the rules on what they can claim and what they can’t claim. So let’s review the rules for claiming mileage allowance on business travel for both privately owned and company owned vehicles. […]
27
Jun
Jun
Up until the tax year 2016/2017 Landlords have been able to offset 100% of mortgage interest paid against rental income. This is being phased out and replaced by a 20% tax credit allowance. So landlords at the start of the 2020/2021 tax year will no longer qualify for relief on mortgage interest. Instead they will […]
27
Mar
Mar
The scheme announced by the chancellor will provide grants to self-employed individuals or partnerships who are negatively impacted by COVID-19. The grants are worth 80% of profits but up to a cap of £2,500. To be eligible for the scheme you must meet all the criteria below: You must be self-employed or a member of […]
27
Mar
Mar
VAT Deferral main points HMRC Defers Valued Added Tax (VAT) payments for 3 months. All VAT-registered UK businesses are eligible. The deferral will only apply for the period from 20 March 2020 until 30 June 2020. This will mean the deferral of one quarter’s VAT due on either the 7 April, 7 May or 7 […]