Importing goods into the UK
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There are special procedures for importing goods into the UK. Following the end of the Brexit transition period, the process for importing goods...
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Charging VAT on discounts and free gifts
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When VAT registered traders issue an invoice to a customer, they must seek to ensure that the correct rate of VAT is charged. Whilst most...
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IHT immediately chargeable transfers
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There are special rules concerning the liability to IHT on a transfer made during a person’s lifetime. Most gifts made during this period...
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Taking money out of a limited company
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There are a number of ways a director can extract money from their limited company. The money can usually be withdrawn in one or more of the...
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Jobseeker’s Allowance
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The Jobseeker’s Allowance (JSA) is a benefit for those usually aged over 18 who are either not working or who are currently working less than 16...
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Current passport fees
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Travel options for going abroad are slowly starting to reopen. From 17 May 2021, international leisure travel from England will no longer be...
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Taxing your car
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The instructions to tax your car on the GOV.UK website is reproduced below: To tax your car, motorcycle or other vehicle you will need to use a...
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Holiday update
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As lockdown is being eased and opportunity to holiday opens, we felt it might be useful to set out bank holiday dates for the UK regions for the...
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Cryptoassets for individuals – taxes that apply
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In most cases, individuals hold cryptoassets (such as Bitcoin) as a personal investment, usually for capital appreciation in its value or to make...
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Impact of residence and domicile
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HMRC’s online guidance note for residence, domicile and the remittance basis: RDR1 is intended for UK residents and non-residents and covers the...
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CIS – types of work and businesses affected
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The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in the construction industry...
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COVID support grants that are taxable
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We would like to remind readers that existing legislation is in place to ensure that COVID support grants are treated as taxable income in the...
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