There are special procedures for importing goods into the UK. Following the end of the Brexit transition period on 31 December 2020, the process for importing goods from the EU effectively mirrors the process for all non-EU international destinations.
However, a number of easements had
Changes to customs declarations 1 January 2022 Read More »
There are special VAT rules that allow two or more corporate bodies to be treated as a single taxable person for VAT purposes. This is known as a VAT group. Eligible persons are bodies corporate, individuals, partnerships and Scottish partnerships, provided certain conditions are
VAT group registration Read More »
At the Autumn Budget 2021, it was announced that there would be a dedicated day this Autumn where the government would set out further plans to continue building a modern, simple and effective tax system. This ‘day’ was on 30 November 2021, and referred to by HMRC as the aptly named, Tax
Steps to modernise UK tax system Read More »
The Office of Tax Simplification (OTS) was established in July 2010, to provide advice to the Chancellor of the Exchequer on simplifying the UK tax system. The Financial Secretary to the Treasury has recently written an extensive letter to the OTS regarding the conclusions of the first
Government agrees OTS recommendations Read More »
The deadline for paying any Capital Gains Tax (CGT) due on the sale of a residential property is now 60 days. The previous 30-day limit was replaced as part of the Autumn Budget measures in October and the change came into effect on the day of the announcement (27 October 2021).
This
60 days is better than 30 days Read More »
The low-emission vehicles plug-in grant can help you save up to £2,500 on the purchase price of new low-emission vehicles. The scheme was first launched in 2011 and is available across the UK with dealers using the grant towards the price of eligible new cars. The paperwork for the grant
Plug-in grants for electric vehicles Read More »
Employees working from home may be able to claim tax relief for certain home-related bills they pay that are related to your work.
Employers may reimburse employees for the additional household expenses incurred through regularly working at home. The relief covers expenses such as
Claiming tax relief for working from home Read More »
The VAT liability of the supply of driving lessons is an interesting issue that can be of relevance to other supply scenarios such as hairdressers and other workers in the beauty industry.
In HMRC’s internal manuals the guidance identifies three possible scenarios that can apply to
VAT – driving schools who supplies services? Read More »
The marriage allowance came into force in 2015 and applies to married couples and those in a civil partnership where a spouse or civil partner doesn’t pay tax or doesn’t pay tax above the basic rate threshold for Income Tax (i.e., one of the couples must currently earn less than the
Can you claim the Marriage Allowance? Read More »
The Gift Aid scheme is available to all UK taxpayers. The charity or Community Amateur Sports Clubs (CASC) concerned can take your donation and, providing all the qualifying conditions are met, reclaim the basic rate tax. This increases the value of your donation by 25p for every pound
Carry-back charitable donations Read More »
