News
Land And Buildings Transaction Tax Change To Non-Residential Rates And Bands
The Government announced the introduction of a new 2% band for non-residential leases which will come into effect for contracts entered into on or after 7 February 2020. The rates and bands for non-residential LBTT transactions are as follows: Non-residential
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Changes To Overdraft Fees
The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare. The rules will mean banks can only charge for overdraft
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What is IR35 and How Will it Affect You as a Freelance Contractor?
With the changes to IR35 rules looming, now is a good time to find out about whether this will affect you as a freelance contractor.
New Right To Paid Parental Bereavement Leave
The government has confirmed that parents who suffer the loss of a child will be entitled to two weeks’ statutory leave. Under the new entitlement working parents who lose a child under the age of 18 will get two weeks’
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Off-Payroll Working – IR35 Update
HMRC has now published draft secondary legislation for the off-payroll working rules that are due to come into force in April this year. In 2017, HMRC introduced new off-payroll rules to the public sector, which saw some contractors’ net income
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Tax Relief On Professional Fees And Subscriptions
Employees are allowed to claim tax relief on their annual professional fees or subscriptions to some HMRC approved professional organisations. The costs are tax deductible generally where the individual must have membership to do their job or it is helpful
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Brexit – Transition Period
The leaders of the UK and European Union signed the Withdrawal Agreement, and the UK left the EU on 31 January 2020. However the UK is now in the transition or implementation period during which time it is ‘business as
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A Decade Of Bizarre Excuses And Expense Claims
Vengeful witches and pet hamsters feature in HMRC’s list of imaginative excuses and expense claims, which has been published in the run up to the self assessment deadline. HMRC has compiled a list of the weirdest unsuccessful excuses from the
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Budget Day – 11 March
Chancellor Sajid Javid has announced that he will deliver the 2020 Budget on Wednesday 11 March 2020. The 2020 Budget will be the first to be delivered after the UK’s departure from the EU on 31 January 2020. It is
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Tax planning 2019-20: What to do and when
The fiscal year 2019-20 ends on 5 April 2020. If you would like to take advantage of any year end tax planning opportunities before the end of the tax year on 5th April, you have just a few weeks left
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And it’s a wrap… we survived 31st January intact!
And it’s a wrap… we survived 31st January intact! So January is always a rather busy month in the wonderful world of tax accounting, and with our amazing tax manager Kathryn having left us on 1 January for maternity leave, it really could have been chaos!
IN Accountancy launches Stockport SUBS Business Networking and Learning Events
What an incredible turnout we had bright and early on the morning of Friday 31 January 2020 for our inaugural SUBS Stockport Networking & Learning Event! Gorvins Solicitors in central Stockport were good enough not only to host the event at
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