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21 Nov

Be aware of the Fake Boss email scam!

  • Practice News

The Fake Boss method is is a very common way that scammers are defrauding UK businesses of thousands of pounds on a daily basis, writes our Director, Chris Thomas. Recently my payroll manager, Katrin, received an email from "Chris Thomas" advising…

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20 Nov

Final reminder to sign up for Help to Buy

  • Income Tax

The Help to Buy ISA scheme will close to new savers after 30 November 2019. If you are interested in signing up to the scheme you need to do so ASAP and certainly before midnight on 30 November 2019. If you are a first-time buyer and planning to buy…

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20 Nov

Capital Gains Tax changes for property disposals

  • Capital Gains Tax

A number of significant changes to the way Capital Gains Tax (CGT) is reported and paid come into effect from April 2020. Currently, the usual due date for paying any CGT owed to HMRC on property disposals is the 31 January following the end of the…

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20 Nov

Emergency flood relief measures

  • General

The Prime Minister has announced that households and businesses that have been significantly affected by the recent flooding will be eligible for immediate 100% relief on their council tax and business rates for at least the next 3 months. This is…

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20 Nov

Winter Fuel Payment and tax

  • General

The Winter Fuel Payment is a tax-free and provided by the Government to help older people keep warm during the winter. The amount of the payment depends on individual circumstances but ranges from £100 to £300. The amount you receive…

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20 Nov

Christmas bonuses

  • Employee Benefits

Any Christmas bonuses / gifts paid in cash to employees, by employers, are almost invariably taxable as earnings. This view has been upheld by the courts on many occasions and can mean that a gift from a well-intentioned employer is worth less than…

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20 Nov

UK VAT claims by non-EU businesses

  • Value Added Tax

The VAT paid in other EU countries is often recoverable by VAT-registered businesses in the UK, who bought goods or services for business use. The rules that govern the amount of VAT repayable depends on the EU countries rules for claiming input tax.…

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20 Nov

Different types of student loan

  • Income Tax

Student Loans are part of the Government’s financial support package for students in higher education in the UK. They are available to help students meet their living costs while they are studying. There are two main types of student…

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20 Nov

Verifying CIS subcontractors

  • Construction Industry Scheme

The Construction Industry Scheme (CIS) comprises a set of special rules for tax and National Insurance for those working in the construction industry. The scheme applies mainly to contractors and sub-contractors involved in construction. However,…

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20 Nov

Who can be a salaried member

  • Employment Law

The salaried member legislation can apply to certain members of a Limited Liability Partnership (LLP). This can happen where HMRC consider that a member of an LLP is not a risk-taking partner and can be re-classified as a salaried member. Prior to…

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13 Nov

Increase in National Living Wage?

  • Payroll

An independent review into the evidence on minimum wage rates has been published by the government. The review concludes that increases in the National Living Wage (NLW) have little effect on employment whilst significantly increasing the earnings of…

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13 Nov

Employing staff for the first time

  • Employment & Payroll

There is a multitude of rules and regulations that you must be aware of when you start employing staff for the first time. A full examination of the rules is beyond the scope of this article. However, we wanted to list the following points from…

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