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MTD Income Tax April 2026
It's not being talked about, but around this time next year, HMRC will introduce mandatory quarterly Accounts reporting by all businesses with a Turnover in excess of £50,000 (and this includes rental income). It's going to be a massive burden ...
Business and Tax Newsletter January 2022
January2022BUSINESSNEWS NORTHERN IRELANDWe wish you a happy newyear and let’s hope 2022 is more stable from a business perspective and that bythe end of the year we can return to some kind of “normality”.Remember to declareCOVID-19 grants on your tax ...
Higher National Insurance known as Social Care Levy from 6 April 2022
From 6 April 2022, working age employees will pay an additional 1.25% Employees NIC, and Employers will pay an additional 1.25% Employers NIC. Pensioners who work will be exempt for the first year only (because HMRC systems cannot cope currently ...
Furnished Holiday Letting - an attractive tax proposition.
Did you know that, in the UK, Furnished Holiday Letting, although taxed as Rental Income, is also accepted as a trading business by HMRC?This thereby provides Capital Allowances on Fixtures, and allows use of Business Asset Disposal Relief (formerly Entrepreneurs ...