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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 ...


12/02/21 07:33

How best to pay HMRC in the current situation and later...

Paying HMRC by cheque is becoming increasingly unreliable. You are dependent on two entities outside your control. The Royal Mail, because its correct delivery and delivery times are unpredictable.HMRC itself, because its operations have been badly (self) affected by its ...