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HMRC Open up the MTD for VAT pilot to all customers

The MTD for VAT pilot is now open to all. The MTD for VAT pilot is now open to all who will be mandated to use the MTD service from April. HMRC has stated that ‘The pilot is progressing well – over 3,500 businesses have already joined and we have seen a dramatic...

Pensions for self-assessment

Make sure you get the correct tax relief for pension payments. Pension contributions can be a complicated area but thankfully for self employed people with personal pensions it should be fairly straightforward.  However, many clients do not understand exactly how the...

VAT on digital services

HMRC issues updated guidance on VAT on digital services. HMRC has updated its guidance on VAT place of supply rules for business that sell digital services to private consumers in the EU. The changes apply from 1 January. For businesses established in the UK the rules...

Professional fees and subscriptions

Claims by individuals for income tax relief.  Tax relief can be claimed on fees or subscriptions paid to approved professional organisations where an individual must have membership to do their job or it’s helpful for their work. The claims are under sections 343 and...

Pre-letting expenses

How and when pre-letting expenses can be claimed. Profits from UK land or property are treated, for tax purposes, as arising from a business. The broad scheme is that rental business profits are computed using the same principles as for trades (ITTOIA 2005, s272)....