admin, Author at SJPR UK

08 Feb 24

Landlords – claiming maintenance and repairs costs

Landlords are able to claim for allowable expenses as a deduction from their rental income when calculating taxable rental profits to declare to HMRC. The expenses must relate

08 Feb 24

Should you pay tax on selling goods online?

HMRC has published new guidance for taxpayers that regularly sell goods or services through an online marketplace. The guidance makes it clear that this activity could be treated

08 Feb 24

Using your own vehicles for work-related journeys

If you are an employee and use your own money to buy things you need for your job you can sometimes claim tax relief for the associated costs. Usually, it is only possible to claim

06 Feb 24

Government promotes electric vehicles

The government department active in the promotion of electric vehicles has published guidance regarding the costs, charging issues and infrastructure. We have extracted a few

06 Feb 24

Does your business offer customs services?

If your business does offer customs services, did you know that HMRC could offer you a free listing on their published lists. HMRC do not vet, approve or recommend individual

01 Feb 24

Time to Pay your tax

Businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time to

01 Feb 24

Penalties if you missed the filing deadline

Have you missed the 31 January 2024 filing deadline for your 2022-23 self-assessment return? If you have missed the filing deadline, then you will be charged a £100 fixed penalty

01 Feb 24

File early to have self-assessment tax coded out

The coding out threshold may entitle you to have tax underpayments collected via your tax code when you are in employment or in receipt of a company pension. Instead of paying off

01 Feb 24

Joining or leaving the VAT Cash Accounting Scheme

The VAT Cash Accounting Scheme can offer useful benefits to small businesses. Under standard VAT accounting, VAT is payable on sales whether or not the customer has paid and can

01 Feb 24

Capital sums derived from assets

HMRC’s guidance is clear that where a capital sum is derived from an asset, the relevant legislation treats the owner as having made a disposal for capital gains purposes. The

admin

Landlords – claiming maintenance and repairs costs

Should you pay tax on selling goods online?

Using your own vehicles for work-related journeys

Government promotes electric vehicles

Does your business offer customs services?

Time to Pay your tax

Penalties if you missed the filing deadline

File early to have self-assessment tax coded out

Joining or leaving the VAT Cash Accounting Scheme

Capital sums derived from assets

Statutory Redundancy rights

Tax relief for landlords replacing domestic items

Tax and employee suggestion schemes

SJPR