admin, Author at SJPR UK

04 Jul 24

CGT Incorporation Relief

Where 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

04 Jul 24

What your tax code means

The letters in your tax code signify your entitlement (or not) to the annual tax free personal allowance. The tax codes are updated annually and help employers work out how much

04 Jul 24

Income Tax in Scotland

The Scottish rate of income tax (SRIT) is payable on the non-savings and non-dividend income of those defined as Scottish taxpayers. The definition of a Scottish taxpayer is based

04 Jul 24

Late night taxi for an employee

There is no specific requirement for employers to provide employees with transport home. Nevertheless, an employer has a duty of care to their employees, which means that they

04 Jul 24

Claim full expensing or 50% FYA

Full expensing allows for a 100% first-year capital allowance for qualifying plant and machinery assets and came into effect last April. To qualify for full expensing, expenditure

04 Jul 24

Statutory redundancy pay

If you have been in the same job for two years or more and are made redundant you will usually be entitled to redundancy money. The legal minimum that you are entitled to receive

01 Jul 24

Tax Diary August/September 2024

1 August 2024 - Due date for corporation tax due for the year ended 31 October 2023. 19 August 2024 - PAYE and NIC deductions due for month ended 5 August 2024. (If you pay your

01 Jul 24

Translation

If you receive documents from overseas customers or suppliers and you need to translate text into English, have you used Google Translate? It’s a free, but incredibly powerful

01 Jul 24

Extracting profits from a small, limited company

It is pretty much universally accepted that shareholders (usually directors) of small companies take out their remuneration as a small salary - a salary pitched high enough to

27 Jun 24

How to check a UK VAT number

The online service for checking a UK VAT number is available at: www.gov.uk/check-uk-vat-number. This service can be used to check: if a UK VAT registration number is valid;

admin

CGT Incorporation Relief

What your tax code means

Income Tax in Scotland

Late night taxi for an employee

Claim full expensing or 50% FYA

Statutory redundancy pay

Tax Diary August/September 2024

Translation

Extracting profits from a small, limited company

How to check a UK VAT number

IHT Unused Pension Funds and Death Benefits changes

IHT Agricultural and Business Property Relief changes confirmed

Capital Gains valuations of goodwill

SJPR