Business rates cut for pubs
February 20, 2020

The government have announced a £1,000 business rates discount for public houses

The relief announced 27 January 2020, will be available to public houses with a rateable value of less than £100,000 and will apply for one...

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Budget predictions 11 March 2020
February 17, 2020

Following the resignation of Sajid Javid last week, there has been much speculation on how this will affect the direction of the budget to be presented to parliament next month.

Rishi Sunak, who replaces Sajid,...

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Breathing space for those in debt
February 13, 2020

In a recent news story published to the Government website it was announced that a new breathing space period will freeze interest, fees and enforcement for people in problem debt, with further protections for those in mental health...

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Tax-free gifts
February 11, 2020

There are certain gifts you can make that will not create a capital gains tax (CGT) charge, but care should be taken as there are exceptions. This article outlines some of the more common issues that need to be...

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Do you have a furnished holiday lets business?
February 6, 2020

Most property owners who let property under the Furnished Holiday Let (FHL) tax rules, submit their income and expenditure details on their tax return each year.

This article considers occupancy, and the need to review...

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Tax Diary February/March 2020
February 4, 2020

1 February 2020 - Due date for Corporation Tax payable for the year ended 30 April 2019.

19 February 2020 - PAYE and NIC deductions due for month ended 5 February 2020. (If you pay your tax electronically the due date is 22 February...

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Current Advisory Fuel Rates
February 4, 2020

To assist with your calculations, see previous article, we have reproduced below the current, HMRC Advisory Fuel Rates. They are:

These rates apply from 1 December 2019.

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Pay-back to save tax
February 4, 2020

At first sight, company car drivers whose private fuel costs are met by their employers may seem to be onto a good thing, but there is a nasty tax hit…

Enter, the Car Fuel Benefit charge.

Let’s say the following...

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Don’t fall for this scam
February 4, 2020

The Insolvency Service has issued a warning that fraudsters have been contacting investors in insolvent schemes claiming to be from the Official Receiver’s office or to have been appointed by the Official Receiver to help recover funds...

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Loans to directors and staff
February 4, 2020

If a company makes loans to its employees (including directors) there may be tax consequences. The same may also apply to loans extended to their family members.

For example, the employer will have an obligation to report a beneficial...

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