Consultation on ancillary capital gains reliefs
A capital gains tax (CGT) exemption applies when an individual disposes of a dwelling that has been used as their only or main residence under the Private Residence Relief (PRR) rules. The exemption applies as long as the relevant conditions are met throughout the...
MAKING TAX DIGITAL FOR VAT: What you need to know now April 2019 is here!
VAT registered businesses with a taxable turnover above the VAT threshold (£85,000) are now required to use the Making Tax Digital service to keep records digitally and use software to submit their VAT returns for VAT periods that started on or after 1 April 2019. The...
ATT suggests couples ‘could be affected’ by increase in stamp duty for non-residents
The Association of Taxation Technician (ATT) has warned that a planned increase to Stamp Duty Land Tax (SDLT) for non-UK residents may affect certain couples planning to buy a home. The planned change that is outlined in a HMRC consultation, states non-UK residents...
Tax Rates 2019/2020
We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As the UK...
