VAT: no change in registration and deregistration thresholds The VAT registration and deregistration thresholds will remain unchanged for 2019/20. Therefore legislation will continue as follows: – the taxable turnover threshold that determines whether a person must be registered for VAT… Read more
Annual Tax on Enveloped Dwellings The annual charges for the Annual Tax on Enveloped Dwellings (ATED) will rise in line with inflation for the 2019/20 chargeable period. Annual chargeable amounts for the 2019/20 chargeable period will be as follows (2018/19… Read more
Voluntary tax returns Historically HMRC have exercised discretionary collection and management powers to accept and treat voluntary income and corporation tax self-assessment returns received on the same basis as tax returns received under a statutory notice to file. In the… Read more
Q. After a long wait, I will shortly be eligible to receive a state retirement pension. Will I have to pay tax on it? A. I’m afraid that the state retirement pension is taxable. Whether you have to pay tax… Read more
An increasing number of individuals are finding work through online platforms (for example Deliveroo and Uber workers), usually on a self-employed basis, whereas in the past they might have been employees whose relatively simple tax affairs were dealt with under… Read more