Category Archives: Tax

Coronavirus Business Interruption Loan Scheme Open

The Coronavirus Business Interruption Loan Scheme is now open, the links below, set out the qualifying criteria and application process, as provided by the British Business Bank.  We will be happy to help our clients with the application process in any way we can, please contact your Client Manager or Client Partner for more advice.…
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Important VAT Deferral Update – Cancel your DD

Deferred VAT payments - important As you are aware HMRC deferred VAT payments for a 3 month period until 30th June 2020. Although this is an automatic offer with no application required, HMRC published the following advice in relation to this:   Customers who normally pay by direct debit should cancel their direct debit with their bank…
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Is your home a tax-free zone?

In most cases, if you have lived in your home during the entire period of your ownership of a property, then when you sell that property you should pay no capital gains tax (CGT) on any profit you make on the sale. You can claim the Private Residence Relief (PRR) to exempt any profits made.…
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Cars and taxing issues

We have listed below a number of issues that you will need to consider if directors or employees use a car for business purposes. Essentially, if the car is owned by the business any private use of the vehicle will trigger a tax charge for the driver (car user) and a possible NIC bill for…
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