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Is the annual exemption lost in 2020?
Most businesses take advantages of the statutory £150 exemption per staff member for running a Staff Christmas party without there being any tax implications (though they may not realise... read more
Readers with children at university should pass on this message as students starting university this year are being warned by HMRC that they could be targeted by a fresh wave of student tax scams.As new... read more
The Chancellor, Rishi Sunak, yesterday delivered a statement to the House of Commons outlining plans for a winter economy plan to help protect jobs across the UK whilst the country faces a resurgence of coronavirus... read more
Tenants protection has been a feature of the governments Covid-19 response in a year in which both landlords and tenants have had a difficult time. In particular, measures have been implemented to protect tenants against... read more
The recently published Finance Bill 2020/21 introduced the new Financial Institution Notice (FIN). A FIN allows HMRC to legally require banks and other financial institutions to provide relevant details about a specific taxpayer. HMRC will... read more
The Chancellor, Rishi Sunak continued with his campaign to support the business and jobs community today, 8 July 2020, as firms engage with the disruption caused by the coronavirus outbreak and the measures taken to... read more
I have a question about jointly owned property rental income. My husband and I jointly own a rental property, the income of which we declare 50:50 on our Tax Returns. I have been promoted and... read more
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