Are you one of the thousands of British property owners who made a capital gain on a property you sold in Spain?
The rules changed last year, but before this change many who sold their Spanish homes/property could have paid tax at a whopping 35% tax rate, compared to the Spanish flat tax rate of 15%. […]
The Open Golf Championship comes to Royal Birkdale this summer, and with it the chance for some to rent out their homes in what is always a lucrative opportunity.
For those thinking about doing this ‘Don’t forget about the taxman’, because he will surely not forget about you!
That’s right, renting out your home has tax […]
Yesterday, Alistair Darling, the Chancellor, delivered his first Budget. We have now loaded our budget report onto our servers for all our clients to view.
Our report highlights the main changes that will impact on you and your business and is written in plain English.
Should you have any questions on the budget please do not hesitate […]
We now have only two weeks to go until Alistair Darling, the Chancellor of the Exchequer, will deliver his first budget report on Wednesday 12 March 2008.
It will certainly be an interesting first budget report, here we have a Chancellor who has thus far shown he does not understand business nor taxation for that […]
HMRC have now started to write to people who own UK property that they do not appear to live in, and who are not declaring any rental income.
If this is you and you have recently received a letter from HMRC I would urge you to not ignore it.
If you have not received a letter, and […]
For those trying to submit their self assessment tax returns last minute today there is, as last year, more bad news again, the service ‘has experienced technical difficulties today’, per HMRC website.
The ‘technical’ difficulties actually started last night, but have persisted through today.
The good news, if you can call it that, if […]
As previously promised I am now able to update you on the changes to the Capital Gains Tax ‘CGT’ regime as announced by the Chancellor today.
These changes are referred to on HM Treasury website as reflecting the Government’s continued commitment to supporting the small business. It’s worth noting at this point, to get these changes […]
We all hear how much tax is avoided, well estimated avoidance because by its very nature if its avoided its not actually calculable with any accuracy, but have you ever wondered how much tax is actually collected?
Well here are the details, just click here.
What strikes me about these figures is how small the corporation tax […]
Question: Some of you may have wondered why, when you asked for any tax you owe (under £2,000.00) to be collected through your tax code this didn’t happen?
Answer: The Revenue have now revealed there was a problem with box 23.1, this is the box you tick to say you want your tax collected through your […]
According to an article on today’s AccountancyAge website 88% of business is happy with the UK’s tax system, the survey commissioned by HM Revenue & Customs went on to say that 68% of all businesses interviewed where satisfied with service levels at HMRC.
Well that’s alright then isn’t it, or is it? Well this is […]
