Carry back charitable contributions
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
Check if your Holiday let property is qualifying
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
Merchandise in Baggage
There are special customs requirements for commercial goods or samples which are imported or exported by passengers in their accompanied baggage (hand carried). This is known as
Advise HMRC if you stop being self-employed
Any taxpayers that have ceased to be self-employed must advise HMRC of their change in status. There are a number of steps that must be followed if a taxpayer stops trading as a
Repayment of student loans
Students that have finished their studies and entered the workforce, must begin to make loan repayments from the April after they have finished their studies or when their income
Electing not to have Incorporation Relief
If a taxpayer owns a business as a sole trader or in partnership, a capital gain will be deemed to arise if the business is converted into a company by reference to the market
Importing from non-EU countries
There are special rules for businesses that import goods from non-EU countries. Whilst most smaller businesses importing goods will use a courier or freight forwarder it is still
Gift Aid donations for food and drink
The Gift Aid scheme is available to all UK taxpayers. The charity or Community Amateur Sports Clubs (CASC) concerned can take a taxpayer’s donation and provided all the qualifying
Student loan refunds
Student Loans are part of the government’s financial support package for students in higher education in the UK. They are available to help students meet their expenses while they
Venture Capital Schemes advance assurance
There are four tax-advantaged Venture Capital Schemes currently available:
The Seed Enterprise Investment Scheme (SEIS)
The Enterprise Investment Scheme (EIS)
Venture Capital