Changes to HMRC rent a room tax relief now cancelled
I reported back in July 2018 that HMRC were planning to change the rent a room relief rules so that it would only apply in cases where the owner occupied
Practical tax advice, business tips, and updates to help you stay on top of your finances and grow with confidence.
I reported back in July 2018 that HMRC were planning to change the rent a room relief rules so that it would only apply in cases where the owner occupied
There are two allowances that will be changing from April 2020 onwards. These only affect people who have taxable gains on their main residence. 1) Lettings relief – this is
There had been worries that the VAT registration limit (£85,000pa) would be reduced – increasing costs for people not able to reclaim VAT as well as forcing more people into
The planned increase to the personal allowance has been brought forward to next year. From 6th April 2019, the personal allowance will be £12,500pa. The basic rate band increase is
The first tax return deadline for 2018 returns is approaching… 31st October 2018. Although this deadline is for people submitting a paper tax return, it is a good deadline for
At present, there are two different types of National Insurance for the self-employed, Class 2 and Class 4. Class 2 is a fixed weekly amount, whereas Class 4 is charged
If you have income to report to HMRC for the tax year ending 5th April 2018, the deadline to register to complete a 2018 tax return is fast approaching. You
At present, the penalties for a late tax return can amount to £1,600… even if you were initially due a repayment of tax but had not submitted the return on
I founded taxhelp.uk.com back in 2006, after building up 17 years’ experience in both practice and industry. From working with business owners over a number of years I identified the
** now CANCELLED in the 2018 October Budget ** There is a very useful tax relief for people who rent out rooms in their own home – the first £7,500
At present, when you sell a second property you have some time before the capital gains tax(CGT) is payable. For example, selling a property in July 2018 would fall into
It will shortly be time to make payment of the second HMRC payment on account for 2017/18. There are two payments on account required for 2017/18, the tax year that
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