ATED reliefs and filing deadlines

Following on from last month’s ATED update the available reliefs are considered alongside filing deadlines. The reliefs available are: Property rental business relief Property is used in a commercial property business to generate taxable profit, or steps are being...

Knowing the Rules on Business Expenses

A perennial question is “Can I claim for…”. The law around claiming expenses for the self employed and in company accounts is that the expense must be “wholly and exclusively” for business.  Confusingly for sole traders something that is both private...

Insider fraud in charities

Study finds that poor governance and oversight within charities contributes to fraud. The aim of the Charity Commission study into insider fraud in charities was to better understand: the types of insider fraud occurring in charities the factors that make charities...

GDPR security measures

New guidance clarifies what are considered ‘appropriate’ measures. Guidance summarising appropriate and proportionate security measures issued by the ICO and NCSC towards the end of May recognises that ‘there is a lot of confusion as to the technical security required...

Update on option to tax

Property VAT and option to tax can be a challenging area. VAT reform is never out of the news and many areas are highlighted as needing simplification. The current complexities and solutions to the most common challenges faced by businesses and advisers on property...

Tax investigations – a recap

How HMRC tackles tax fraud was covered in a recent webinar. At a recent ‘talking points’ webinar HMRC summarised some of the main points on how it tackles fraud and related issues such as the use of the Contractual Disclosure Facility (CDF) and the potential liability...

ATED – a potted history

Annual tax on enveloped dwellings – what you need to know. ATED charges increased again in 2018 as those filing returns in April will know. The increase amounts to some 3% on prior year ATED charges. With the regular annual increases since the tax was introduced in...

P11D deadlines

New ‘special rules’ will shortly impact on the filing of P11D returns. The 2017/18 tax year will be the first tax year where the value and types of benefits that employers report on their 2017/18 forms P11D and P11D(b) can be affected by the introduction of ‘special...