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Tax Diary August/September 2018
August 13th, 2018

1 August 2018 – Due date for Corporation Tax due for the year ended 31 October 2017. 19 August 2018 – PAYE and NIC deductions due for month ended 5 August 2018. (If you pay your tax electronically the due date is 22 August 2018) 19 August 2018 – Filing deadline for the CIS300 monthly […]

Ask the government to sell property
August 13th, 2018

UK residents can ask for publicly owned land and buildings to be sold if they think that the property is vacant or underused. You will need to track down the owner of the land and ask for the property to be sold. Your application will not entitle you to purchase the land, the owners may […]

When is Capital Gains Tax payable
August 13th, 2018

Notwithstanding any of the comments that follow, an individual is allowed to make tax-free capital gains of £11,700 during 2018-19. There are also a number of circumstances when a disposal does not create a taxable gain. These include: The sale of personal assets worth less than £6,000. Gifts to your spouse or civil partner. Gifts […]

Changes to rent a room relief
August 13th, 2018

A new test is to be added to the qualifying criteria for rent-a-room relief from April 2019. The test will require that the individual or individuals in receipt of income – the home owner(s) – will need to share occupancy of the residence in question with the individual whose occupation of the furnished accommodation is […]

Points based penalties
August 13th, 2018

In the recently published draft clauses that will form the basis of the Budget later this year, HMRC has outlined a significant change to the way they will be levying penalties for late filing breaches under the Making Tax Digital regulations. Rather than base penalties on each transgression, taxpayers will receive a penalty point per […]

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