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 willREAD MORE
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 ofREAD MORE
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 7READ MORE
01
Mar
Mar
If you are thinking of starting a new business in the UK please come and talk to us for totally free advice. We will guide you through making the right choice and making sure your set-up is the most cost effective. This is just a brief summary but gives the basic outline of each legalREAD MORE
26
Jul
Jul
We at Tax Compute help small businesses by providing business solutions that save
22
Jun
Jun
IR35 and the Public Sector If you are a contractor to the NHS or public sector departments you will most likely be effected by changes to IR35 legislation. The new legislation came into effect in April 2017 and shifted the responsibility for assessing IR35 status to the NHS or other public sectors. What that meansREAD MORE
27
Apr
Apr
Inheritance Tax is paid if a person’s estate (their property, money and
26
Mar
Mar
Cheques to Clear in Just 24 hours due to new technology At last an end to waiting up to 6 days for your cheque to clear because from October cheques will take just one day to clear. In the modern digital age it was always a nonsense that cheques took up to 6 days toREAD MORE