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07/03/25 16:17

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 ...


05/01/22 16:39

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 ...


21/10/21 09:03

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 ...


22/05/21 14:29

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 ...