admin, Author at SJPR UK

01 Aug 24

Sharing your home with tenants

If you have tenants in your home there can be Capital Gains Tax (CGT) consequences. Generally, there is no Capital Gains Tax (CGT) on a property used as the main family residence,

01 Aug 24

Using the VAT Annual Accounting Scheme

The VAT Annual Accounting Scheme is available to most businesses with an annual turnover of up to £1.35 million. Key benefits of the scheme include the obligation to file just one

01 Aug 24

First interest rates cut in over four years

The Bank of England’s Monetary Policy Committee (MPC) met on 1 August and in a very close 5-4 vote decided to reduce interest rates by 25 basis points to 5%. The 4 remaining

29 Jul 24

AI expert to lead action plan

New UK Science Secretary, Peter Kyle, has put Artificial Intelligence or AI at the heart of the government’s agenda to deliver change, sustained economic growth and improved public

29 Jul 24

Labour market stats not encouraging

The number of people classed as economically inactive has spiraled to 9.4 million. Data published by the Office for National Statistics (ONS) shows the percentage of people

29 Jul 24

Tax Diary September/October 2024

1 September 2024 - Due date for corporation tax due for the year ended 30 November 2022. 19 September 2024 - PAYE and NIC deductions due for month ended 5 September 2024. (If you

25 Jul 24

Considering a significant gift?

There are special rules concerning the liability to IHT of a transfer made during one’s lifetime. For example, most gifts made during a person's life are not subject to tax at the

25 Jul 24

Current CGT rates

Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% and this applies to most chargeable gains made by individuals. If taxpayers only pay basic rate tax and

25 Jul 24

The marginal rate of Corporation Tax

The Corporation Tax Main Rate applies to companies with profits in excess of £250,000. The applicable rate is currently 25%. A Small Profit Rate (SPR) of 19% applies to companies

25 Jul 24

Let Property Campaign

The Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with an opportunity to regularise their affairs by

admin

Sharing your home with tenants

Using the VAT Annual Accounting Scheme

First interest rates cut in over four years

AI expert to lead action plan

Labour market stats not encouraging

Tax Diary September/October 2024

Considering a significant gift?

Current CGT rates

The marginal rate of Corporation Tax

Let Property Campaign

IHT Unused Pension Funds and Death Benefits changes

IHT Agricultural and Business Property Relief changes confirmed

Capital Gains valuations of goodwill

SJPR