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Deadline Extended

Deadline Extended

  • 17/04/2020
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Digital Linking Deadline Extended One of the requirements of Making Tax Digital for VAT is that businesses must keep their records so that VAT returns can be produced enterely automatically once primary information has been entered into the records. For…

Sole Traders / Self employed

Sole Traders / Self employed

  • 24/01/2020
  • by admin
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As long as you are genuinely in business to earn a profit then you can offset your losses against any current year income, or against past or future profits of the trade itself. There are a couple of restrictions. The…

Apply for Marriage Allowance

Apply for Marriage Allowance

  • 24/01/2020
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Marriage allowance lets you transfer £1,250 of your Personal Allowance to your husband, wife or civil partner. This can reduce their tax by up to £250 every tax year (6 April to 5 April the next year). To benefit as…

Stamp duty land tax

Stamp duty land tax

  • 24/01/2020
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If you buy a new home whilst still owning one or more, a higher stamp duty will apply. This was introduced to target buy to let investors and not innocent buyers who wished to, for example, make cosmetic changes before…