by admin | Feb 20, 2019 | HMRC notices |
HMRC has now written to over 145,000 VAT-registered businesses across the UK with a Brexit update. The letters explain changes to customs, excise and VAT in the event that the UK leaves the EU without a deal, and what businesses can do to prepare. There are a number...
by admin | Feb 13, 2019 | HMRC notices |
The Enterprise Investment Scheme (EIS) is designed to help smaller higher-risk trading companies raise finance by offering a range of tax reliefs to investors who purchase new shares in those companies.In order for investors to be able to claim EIS tax reliefs,...
by admin | Jan 16, 2019 | HMRC notices |
Donations to charity over the course of a tax year can add up and taxpayers must ensure they keep a proper record of all donations to backup tax return entries. Donations that are made through the Gift Aid scheme allow for the recipient charity to claim 25p worth of...
by admin | Jan 9, 2019 | HMRC notices |
The Furnished Holiday Let (FHL) rules, allow holiday lettings of properties that meet certain conditions to be treated as a trade for some specific tax purposes.In order to qualify as a furnished holiday letting, the following criteria need to be met:The property must...
by admin | Jan 2, 2019 | HMRC notices |
There are special customs requirements for commercial goods or samples which are imported or exported by passengers in their accompanied baggage (hand carried). This is known as Merchandise In Baggage or MIB.MIB goods include the following:goods acquired for company...
by admin | Dec 19, 2018 | HMRC notices |
Any taxpayers that have ceased to be self-employed must advise HMRC of their change in status. There are a number of steps that must be followed if a taxpayer stops trading as a sole trader or if they are ending or leaving a business partnership. This is...
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