More than 1.3 million businesses are signed up to Making Tax Digital for VAT as soft landing ends

Posted on March 13, 2020 by Howard Roth

Since the implementation of Making Tax Digital (MTD) for VAT in April 2019, more than 1.3 million businesses with a turnover of £85,000 or more have been making quarterly digital returns to HM Revenue & Customs (HMRC) using compatible software. … Continue reading →

New 30-day Capital Gains Tax deadline set to come into effect

Posted on March 13, 2020 by Howard Roth

The deadline for reporting and paying Capital Gains Tax (CGT) arising from the sale of a residential property is set to be shortened drastically in April. Under the current rules, landlords and investors, as well as people who previously used … Continue reading →

Budget 2020

Posted on March 11, 2020 by Howard Roth

Budget summary When Philip Hammond delivered the last Budget 499 days ago, in the midst of the Brexit negotiations, he could not have imagined that the next Budget would be dominated by the spread of a lethal contagion. Nor is … Continue reading →

Make the most of the Brexit implementation period

Posted on February 18, 2020 by Howard Roth

Now that the UK has left the EU, we have entered an implementation period that will last the rest of 2020, during which the UK’s future relationship with the EU will be agreed, giving businesses the chance to prepare for … Continue reading →

Property tax implications of getting divorced

Posted on February 18, 2020 by Howard Roth

If you are in the process of getting divorced, it is likely that the tax considerations involved are not foremost in your mind. However, divorce can have extensive implications for your tax bill, including in relation to Capital Gains Tax … Continue reading →