Tax

• Ownership Not Necessary for APR Claim

  • Posted22 May 2012

  Agricultural Property Relief (APR) is a relief that applies for Inheritance Tax (IHT) purposes. It is similar to Business Property Relief (BPR). Both operate to reduce the value of...

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• Services – Should the Landlord Charge VAT?

  • Posted4 May 2012

  In general, rents on property are exempt supplies for VAT purposes. However, a landlord often supplies other services to tenants, such as cleaning and maintenance. These services are usually subject...

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• HMRC In Line for £160 Million Windfall After Salary Sacrifice Scheme Rejected

  • Posted20 April 2012

  When a member of staff is on a temporary assignment, they are allowed to receive travel and subsistence payments (within certain limits) free of Income Tax (IT) and National Insurance...

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• Online Payment of VAT

  • Posted3 April 2012

  As of 1 April 2012, all VAT-registered businesses must file their VAT returns online and pay their VAT electronically. Previously, only newly-registered businesses and those with a turnover of more...

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• Holiday Lettings – Get Ready for New Rules

  • Posted14 March 2012

  Owners of furnished holiday letting (FHL) properties are reminded that new rules come into effect in April 2012 for which preparations should now be underway. The important changes relate...

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• Capital Allowances Reminder

  • Posted8 March 2012

  31 March is a common year-end for companies and, with that in mind, companies are reminded that to qualify for Annual Investment Allowance (AIA) relief, expenditure on qualifying assets should...

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