According to accounting software providers, QuickBooks, over 50 per cent of UK small and medium-sized enterprise (SME) owners have made a mistake when filing their VAT returns, while just a quarter (25 per cent) feel confident that they have filed their … Continue reading
Author Archives: Howard Roth
Newly cohabiting parents warned over new tax charge
Newly cohabiting couples, where at least one of the partners is a parent, have been warned by a leading insurer to be aware of a new tax charge, if either earns more than £50,000 a year. NFU Mutual has said … Continue reading
Pension holders to be refunded £54 million of overpaid tax
New figures released by HM Revenue & Customs (HMRC) have revealed that it handed back more than £54 million to people who had overpaid tax on pension withdrawals in the last three months alone. The latest quarterly data for 1 … Continue reading
Businesses and contractors offered clarity on IR35
With less than six months left until the introduction of the IR35 regulations in the private sector, HM Revenue & Customs (HMRC) has finally released additional guidance to help clarify this complex area of taxation. From 6 April 2020, the … Continue reading
Spanish holiday home owners cautioned over post-Brexit tax impact
With the UK currently set to leave the EU by the end of January 2020, anyone who owns a Spanish holiday home needs to be prepared for the impact of Brexit on taxation. Spanish tax law makes specific provision for … Continue reading