by admin | Sep 7, 2023 | Capital Gains Tax |
Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership. Where this relief is available Capital Gains Tax (CGT) of 10% is payable in place of the standard rate....
by admin | Sep 7, 2023 | Excise duties |
There are special rules that must be followed when goods are taken temporarily outside of Great Britain (England, Scotland and Wales). As a general rule, when goods are moved, they must be declared, and any duty owed must be paid. You can usually claim relief from UK...
by admin | Sep 7, 2023 | Employee Benefits |
There is a benefit-in-kind (BiK) trivial exemption that applies to small non-cash benefits like a bottle of wine, or a bouquet of flowers given occasionally to employees, or any other BiK classed as 'trivial' that falls within the exemption. By taking...
by admin | Sep 7, 2023 | General |
As children return to school after the summer break, HMRC is reminding parents that they may be eligible to use the Tax-Free Childcare (TFC) scheme to help pay for any approved childcare. The TFC scheme can help parents of children aged up to 11 years old (17 for...
by admin | Sep 4, 2023 | Corporate Governance & Regulation |
Companies House has issued a news update targeted at companies who are due to file accounts by the end of September 2023. Generally, this would be for accounts ending 31 December 2022. In their update they said: All limited companies, whether they trade or not, must...
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