Tax Tips and News
Help-to-Save accounts go live
Newsletter issue - October 2018.Many people on low incomes who wish to build up a savings pot can now register for a government-incentivised Help-to-Save account. The launch of the new account follows an eight-month trial, with over 45,000 customers who deposited over £3 million. The new scheme is easy to use, flexible and secure, will…Read More
VAT on holiday accommodation
Newsletter issue - October 2018. Letting of residential accommodation is generally an exempt supply for VAT purposes. However this exemption does not apply to holiday accommodation (includes furnished and non-furnished holiday lettings. The definition of 'holiday accommodation' for these purposes includes property that is advertised or held out as holiday accommodation and those consider suitable…Read More
HMRC launch MTD campaign
Newsletter issue - October 2018.According to recent research undertaken by the Institute of Chartered Accountants in England and Wales (ICAEW), over 40% of businesses that will be affected by Making Tax Digital (MTD) for VAT are not yet aware of it. With only six months to go until MTD goes live for some businesses in…Read More
October questions and answers
Newsletter issue - October 2018. Q. I bought my house in 1998 and I lived in it until 2000 when my employer required me to work in Spain. I returned to live in the house in 2005 and have lived there until now. I have never owned any other properties. Will I qualify for full…Read More
October key tax dates
1 - Due date for payment of Corporation Tax for the year ended 31 December 2017 5 - If a Tax Return has not been received, individuals and trustees must notify HMRC of new sources of income and chargeability in 2017/18 14 - Return and payment of CT61 tax due for quarter to 30 September…Read More