New protection for tenants
July 1, 2022
The government has announced their intention to radically overhaul the rights of tenants. The changes announced include:
For tenants
- Helping the most vulnerable by outlawing blanket bans on renting to...
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Loss of personal allowance
July 1, 2022
If your taxable income exceeds £100,000 you will suffer a reduction in your personal tax allowance.
For every £2 that your income exceeds £100,000, £1 will be knocked off your allowance. The reduction is...
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Coping with inflation
June 30, 2022
Finance Secretary Kate Forbes, of the Scottish government, made a number of suggestions to help households and businesses who are struggling to cope with inflation.
With inflation reaching a 40-year high...
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Concerns about Repayment Agents
June 28, 2022
New measures to stop rip-off agents taking advantage of people by pocketing their tax repayments have been proposed by HMRC.
To achieve this, HMRC have launched a 12-week consultation Raising standards in tax advice: Protecting...
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Nothing to declare
June 23, 2022
Downsizing business operations is a perfectly acceptable response to economic pressures, and this may lead to an absence of activity for a period of time. This would have been the likely experience of businesses subject to recent...
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Proposed new deal for private renters
June 21, 2022
The fairer private rented sector white paper published 16 June 2022, will ensure millions of families benefit from living in decent, well looked-after homes as part of the biggest shake up of the private rented sector in 30 years.
The...
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Seeing is believing?
June 16, 2022
It is no longer certain that if you receive a letter, email, text or phone call – purporting to be the tax office or some similar, regulatory authority – that it is a genuine...
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Will quarterly reporting lead to quarterly payments?
June 14, 2022
Within a few years, many taxpayers that are presently required to file a tax return, and most businesses, will be required to file quarterly data with HMRC using the Treasury Making Tax Digital...
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Employing students in the summer holidays
June 13, 2022
If you employ students to manage your staff needs over the summer break period, you will need to add them to your payroll and apply PAYE and NIC rules.
Students should be advised that they will pay tax and NIC...
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Till fraud
June 9, 2022
The scope of tax fraud seems to be taking on new forms according to a recent press release issued by HMRC.
The latest attempt involves the use of software to suppress sales recorded at point of sale. The systems even...
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