Posted in Corporation Tax
There are different rules which apply to different types of capital expenditure for a property business. One of the main areas to consider in deciding whether a repair is a deductible expense is whether it is revenue or capital. Capital expenditure
Continue readingPosted in European Union
Although the EU have now extended the deadline to agree the withdrawal agreement – to 31 October 2019 – there is still a chance we will exit with a no-deal outcome.
In a pamphlet recently published by the government we are provided with some
Posted in Income Tax
In an agent update published earlier this year HMRC wrote that as part of EU Exit contingency planning, a change would be made to the timings for sending notification of Self Assessment penalties. The £100 penalty notices are normally issued in
Continue readingPosted in Income Tax
The High Income Child Benefit charge applies to taxpayers whose income exceeds £50,000 in a tax year and who are in receipt of child benefit. The charge claws back the financial benefit of receiving child benefit either by reducing or removing the
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