This is where we keep you up to date with announcements by HMRC, share tips to help you save money and run your business.
Q: I'm interested in investing in a startup and I’ve heard about the Seed Enterprise Investment Scheme. I'm considering investing £30,000 in a company that qualifies this tax year. What tax relief can I expect? A: You're right in identifying that The Seed Enterprise Investment Scheme (SEIS) ...
Read moreThe Government has published details of a new tax treaty with Ecuador. The UK and Ecuador signed their first comprehensive double tax treaty on 6 August. Once ratified, it will affect taxation on income and gains between the two countries. It will mainly cover UK income tax, corporation tax ...
Read moreIn four months' time, the first reports are due for compliance with the new Digital Platform Reporting rules. The regime, introduced on 1 January this year, requires UK digital platforms to collect and report income information for sellers using their platforms. The first reports must be submitted before the ...
Read moreIn 1989, Conservative Chancellor Nigel Lawson decided to change the rules around Capital Gains Tax so that it was applied at whatever the taxpayer's marginal rate was. It remained that way all the way through to 2008. Since that point it has been tinkered with various times – by both Labour ...
Read moreThe Government has published a policy paper confirming the abolition of the Furnished Holiday Lettings (FHL) tax regime. It will mean that property investors will no longer get the existing tax benefits of FHLs from next April. The previous Conservative government had unveiled plans to scrap it in ...
Read more
