Q. As a landlord with several rental properties, is there anything I should be considering to help mitigate the impact of the restrictions on mortgage interest relief? A. Restrictions on the amount of income tax relief certain landlords can obtain on… Read more
Measures to help taxi drivers to buy cleaner vehicles, remove barriers for investment in the oil and gas industry, and tackle tax avoidance using profit fragmentation are just some of the key policies that will be legislated for in the Finance… Read more
HMRC have updated guidance on registering a client trust to clarify which types of trust must be registered and the deadlines for registering. The online guidance – Register your client’s trust – explains how tax agents with client trusts with a tax liability can… Read more
Certain sole traders and partnerships may benefit from using HMRC’s simplified expenses regime to calculate business expenses for vehicles, working from home and living on the business premises. Currently, businesses can either calculate expenses by working out the actual costs, or… Read more
In response to calls for additional clarity from businesses and their representatives, HMRC have published further information on Making Tax Digital (MTD) to support them with preparation in the run up to the start of the mandatory MTD VAT service from… Read more
