personal taxatation Archives - Page 17 of 52 - Whitefield Tax - Isle of Wight Accountants

Covid-19 impact on HMRC reasonable excuse and appeals

by Jessica Garbett | Jun 5, 2020 | ACCA, business taxation, Covid19, enquiries and tax disputes, personal taxatation

Covid-19 and reasonable excuses. HMRC considers Covid-19 as a reasonable excuse for failure to comply with certain tax obligations (such as payments or filing dates), provided failure to comply is remedied as soon as it is possible to do so. In cases other than...

Flat-rate deduction for homeworking increases

by Jessica Garbett | Apr 1, 2020 | ACCA, personal taxatation

Employees contracted to work from home can claim £6pw without records. Employees who have to work (under contract) from home on a regular basis can claim tax relief for the incremental costs of certain bills, such as business telephone calls, gas and electricity...

HMRC loses a principal private residence relief case (for now)

by Jessica Garbett | Feb 24, 2020 | ACCA, capital taxation, personal taxatation

Recent case will have a major impact on the availability of PPR relief and may be particularly relevant in the post-Brexit property market. In the most recent chapter of the Higgins vs. HMRC case relating to principal private residence relief, the Court of Appeal...

Independent review into loan charges

by Jessica Garbett | Feb 6, 2020 | ACCA, business taxation, personal taxatation, PSC

Have you seen HMRC’s response to the review’s outcomes? You may have already received HMRC’s communication highlighting its advice around the independent review into loan charges where it signalled it will refund voluntary payments. HMRC stated in its update:...

Benefits in kind: employee-used assets

by Jessica Garbett | Jan 27, 2020 | ACCA, business taxation, employer returns, personal taxatation

There’s a lot to consider when it comes to employees using assets other than a car or van for private use. What is the taxable benefit in kind to an employee or director when the employer allows the employee to use an asset for private use? The employee will have a...

Taxing times for children?

by Jessica Garbett | Jan 23, 2020 | ACCA, personal finance, personal taxatation

A detailed look at taxation and children. Subject to some exemptions, a child may have taxable income which is chargeable; however, the child will have full entitlement to personal allowances and reliefs. The rights and obligations of a child with taxable income rest...

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Covid-19 impact on HMRC reasonable excuse and appeals

Flat-rate deduction for homeworking increases

HMRC loses a principal private residence relief case (for now)

Independent review into loan charges

Benefits in kind: employee-used assets

Taxing times for children?

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