Category Archives: Tax

HMRC Receives List of UK Residents with HSBC Accounts in Jersey

This week HMRC has received a detailed list of the names, addresses and account balances of every British client with an account held in Jersey with HSBC.  According to a report in the Daily Telegraph, the list identifies 4,388 British people holding £699 million in offshore current accounts, with an average amount held of £337,000.  One investment manager has more Continue Reading
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USING YOUR HOME FOR BUSINESS?

We always look to maximise your tax breaks if you use your home for business, as they can be considerable (with care). For example, if there is non-exclusive business use of a room in your home, there is a claim which can be made for a proportion of the running costs; this does not automatically result in a restriction to Continue Reading
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What is a car, commercial vehicle or motorhome for VAT?

For VAT purposes it's important to know the difference between cars and other vehicles. This is because in most cases, VAT-registered businesses can't reclaim the VAT when they buy a car. But they may be able to reclaim the VAT when they buy a commercial vehicle, motorcycle or motor home. HMRC have launched a guide that explains the difference between Continue Reading
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CIDO are hosting a Funders Fair drop-in advice and information event on Wednesday 24th October from 10am – 1pm

CIDO are hosting a Funders Fair drop-in advice and information event on Wednesday 24th October from 10am – 1pm.   There will be  several finance providers and financial advisory service providers in attendance including SOAR  Enterprise Northern Ireland (ENI) Ulster Bank  Morton Consultancy GrantNet Finder   HALO Federation of Small Businesses (FSB) Invest Northern Ireland  Community Relations Council  Princes Trust  Countryside Agri-Rural Continue Reading
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