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Tag: Customer service in a digital world

30/Aug/2021
Customer service in a digital world

As commerce has moved online, customer service has had to evolve. Some of the best businesses used to stand out with their attention to detail, personal touch, and ties with […]

Using 'bounce bank loan' to pay dividends - Is that what it was for? 25/Aug/2021
Using ‘bounce bank loan’ to pay dividends – Is that what it was for?

Open until 31 March 2021, the Governments’ Bounce Back Loan Scheme (BBLS) helped support businesses during the coronavirus pandemic, permitting firms to apply a minimum of £2,000, up to a […]

What-is-meant-by-taking-reasonable-care 21/Aug/2021
What is meant by taking ‘reasonable care’?

All taxpayers have a responsibility to complete their tax returns correctly, to the best of their ability. However, inevitably, mistakes occur which may not be the taxpayer’s fault; other times […]

All business must start at some point, and a furnished holiday lettings (FHLs) business is no exception. Unlike other rental properties, furnished 19/Aug/2021
New furnished holiday lets – Applying the test

All business must start at some point, and a furnished holiday lets (FHLs) business is no exception. Unlike other rental properties, furnished holiday lettings enjoy special tax rules. As a […]

Working out the capital in the sale of an investment property 16/Aug/2021
Working out the capital gain on the sale of an investment property

If you sell a property that has not been your main residence throughout the period that you have owned it, you may need to pay capital gains tax if a […]

gifting property to the children 12/Aug/2021
Gifting property to the children

No one likes the idea of the taxman taking a chunk of their estate when they die, particularly if it will be necessary to sell a much-loved property to pay […]

Making-mileage-payments-to-employees 10/Aug/2021
Making mileage payments to employees

As the country emerges from the Covid-19 pandemic, business travel is once again on the agenda. Where employees undertake business travel, they will usually be able to claim the associated […]

Pension annual allowance – Making tax relieved contributions 09/Aug/2021
Pension annual allowance

Tax relief is available to encourage individuals to make contributions to registered private pension plans. However, while there is no limit to the amount that an individual can contribute to […]

Collection of tax debts post Covid-19 09/Aug/2021
Collection of tax debts post Covid-19

During the Covid-19 pandemic, HMRC paused much of their tax collection work, both to allow resources to be diverted to other activities, such as administering the various coronavirus support initiatives, […]

RTI penalties and period of grace 05/Aug/2021
RTI penalties and period of grace

Under real-time information (RTI), employers are required to report pay and deductions information to HMRC ‘at or before’ the time that the payment is made to the employee. This is […]

Temporary Wage Subsidy Scheme (TWSS) Tax 03/Aug/2021
Temporary Wage Subsidy Scheme (TWSS) Tax

Revenue extends facility for Employers to pay employee’s TWSS Tax   The June deadline for employers wishing to pay their employee’s TWSS tax liability, without the imposition of a Benefit […]

Do I need to register for VAT? 03/Aug/2021
Do I need to register for VAT?

Register VAT taxable turnover One must register your business for VAT if your VAT taxable turnover exceeds the registration threshold. This is currently £85,000. You must register if: at the […]

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