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22 January 2019

The following statutory payment rates are confirmed:


The standard weekly rates of Statutory Adoption Pay (SAP), Statutory Paternity Pay (SPP) and Statutory Shared Parental Pay (ShPP) will increase from £145.18 to £148.68 from 1 April 2019. The weekly rate of Statutory Sick Pay (SSP) will increase from £92.05 to £94.25 from 6 April 2019 and the standard weekly rate of...

22 January 2019

The Prime Minister has announced in a speech to the House of Commons that the £65 fee for applications made by EU citizens under the EU Settlement Scheme is to be waived. The scheme is due to be rolled out in full on 30 March 2019 and at that stage there will be no fee charged. Currently, the scheme is in a public pilot test phase (following two private test phases) and the Prime Minister has...

22 January 2019

1 February 2019 - Due date for Corporation Tax payable for the year ended 30 April 2018.


19 February 2019 - PAYE and NIC deductions due for month ended 5 February 2019. (If you pay your tax electronically the due date is 22 February 2019)


19 February 2019 - Filing deadline for the CIS300 monthly return for the month ended 5 February 2019.


19 February...

16 January 2019

You can use the Annual Investment Allowance (AIA) to claim a very generous 100% first year tax relief for qualifying expenditure on plant and machinery. The allowance is available for most assets purchased by a business but does not apply to cars.


The AIA was set at £200,000 per calendar year for all qualifying expenditure on or after 1 January 2016. However, there is a new...

16 January 2019

Taxpayers are usually required to pay their Income Tax liabilities in three instalments each year. The first two payments are due on:



  • 31 January during the tax year e.g. for 2018-19 the first payment on account is due on 31 January 2019.

  • 31 July following the tax year e.g. for 2018-19 the second payment on account is due on 31 July 2019.
  • ...
16 January 2019

If you or your partner are a low earner or not working, then you may be eligible for the Marriage Allowance (MA). The MA allows lower earning couples to share part of their personal tax-free allowance. The MA is available to married couples and those in a civil partnership where a spouse or civil partner doesn’t pay tax or who has an income below the personal allowance (for 2018-19 this...

16 January 2019

Donations to charity over the course of a tax year can add up and taxpayers must ensure they keep a proper record of all donations to backup tax return entries. Donations that are made through the Gift Aid scheme allow for the recipient charity to claim 25p worth of tax relief on every pound donated. Higher rate and additional rate taxpayers are eligible to claim relief on the...

16 January 2019

Most age related tax allowances have been phased out. However, the Married Couple's Allowance (MCA) is available to elderly married couples or those in a civil partnership where at least one member of the couple were born before 6 April 1935. The allowance provides for tax relief by deducting 10% of the allowance from the amount of tax due on taxable income.


The MCA can...

16 January 2019

The P85 form should be completed by individuals or their agents to advise HMRC that have left the UK to live or are going to work abroad for at least one full tax year.  


The completion of the P85 form will ensure that an individual leaving the UK can claim any tax refund they are entitled to and will also help HMRC decide how an individual should be treated for the...

09 January 2019

The government has confirmed that they are to examine a number of different approaches to help encourage the self-employed to save for their retirement. The success of automatic enrolment for pension savings for the employed has helped highlight that pension savings for the self-employed are lagging behind those achieved for the employed. In fact, government research has shown that only...

09 January 2019

HM Treasury has confirmed that the £1 coin will be going global. This announcement means that the UK’s Overseas Territories and Crown Dependencies will be able to design and mint their own versions of the 12-sided £1 coin replacing the older coins. The coins are expected to feature images celebrating the heritage of these territories, with their history and culture pictured on the...

09 January 2019

The Furnished Holiday Let (FHL) rules, allow holiday lettings of properties that meet certain conditions to be treated as a trade for some specific tax purposes.


In order to qualify as a furnished holiday letting, the following criteria need to be met:



  • The property must be let on a commercial basis with a view to the realisation of profits. Second...
09 January 2019

A new one-stop service to register a company and register for tax at the same time has been used by more than 200,000 businesses since it was introduced. The introduction of the Streamlined Company Registration Service was announced as part of the Small Business, Enterprise and Employment Act 2015 to help reduce administrative burdens and came into effect last year. However, there...

09 January 2019

There are special VAT rules that allow businesses to standard rate the supply of most non-residential and commercial land and buildings (known as the option to tax). This means that subsequent supplies by the person making the option to tax will be subject to VAT at the standard rate.


The ability to convert the treatment of VAT exempt land and buildings to taxable can have...

09 January 2019

The cash basis scheme helps sole traders and other unincorporated businesses benefit from a simpler way of managing their financial affairs. The scheme was extended to landlords from April 2017. The scheme is not open to limited companies and limited liability partnerships. The entry threshold for the cash basis scheme is £150,000 and you can stay in the scheme until your business...

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