CORONAVIRUS - 22.10.2020
Job Support Scheme becomes more generous
It’s just been announced that employers will be expected to pay 5% of the cost of unworked hours under the Job Support Scheme (JSS) instead of the 33% originally communicated.
CORONAVIRUS - TAX PAYMENTS - 22.10.2020
Government announces further payment help for clients
The government’s Winter Economy Plan focused heavily on tax cash flow, for both income tax and VAT. What’s new for clients and how can you help them get back on track with their payments?
COMPANY SALE - 22.10.2020
Selling the company: taxing the consideration correctly
One of your clients has built up their trading company from scratch. They have received an offer for their shares which they are keen to accept, but the purchaser is proposing to issue loan notes as part of the consideration. What do you need to advise?
PRIVATE RESIDENCE RELIEF - 22.10.2020
Buying property in stages: a risk to tax relief?
Property purchase is an area in which HMRC is taking more interest and transactions that look out of the ordinary may attract unwelcome compliance attention. Why do clients buying multiple properties in stages run a particular risk?
CORONAVIRUS - TRADING LOSSES - 22.10.2020
Don’t miss opportunities to claim now
Coronavirus is likely to have hit clients harder in 2020/21 than in the previous tax year. However, how can you ensure they maximise tax reliefs as soon as possible?
CAPITAL GAINS - 22.10.2020
New property disposal guide
Property. Since April 2020 there has been a single system for reporting disposals made by: UK residents realising a gain on UK residential property (or an interest therein) where there is some capital gains tax (CGT) to pay; and non-UK residents making a disposal of any UK land (or an interest therein), irrespective of whether there is any CGT. Guide. The Association of Tax Technicians (ATT) has now published a guide to using the service (see Follow up ). This has been tailored to accountants and tax advisors completing the returns on behalf of clients. ...