Leading Weybridge accountancy firm, TWP, is calling on landlords, property investors and home sellers to prepare for new changes to taxation, which could result in additional payments from the disposal of their home. From April 2020, the date at which Capital Gains Tax (CGT) must be paid on gains arising on the sale of residential […]
Make sure you plan ahead! From April 2020 the rules surrounding capital gains on a main residence that you own are changing and it may mean that you have to pay tax on the sale of your property. After this date, a fundamental change to how letting relief is provided could have a critical impact […]
Leading Weybridge accountancy firm, TWP, is calling on landlords, property investors and home sellers to prepare for new changes to taxation, which could result in additional payments from the disposal of their home. From April 2020, the date at which Capital Gains Tax (CGT) must be paid on gains arising on the sale of residential […]
TWP staff have become more dementia aware after completing training ran by Nathan Hartley of Bluebird Care. Our team have made an effort to better understand the needs of our clients suffering from the condition by completing Dementia Friends training through an initiative run by the Alzheimer’s Society. The programme has been setup to change […]
Date What’s Due 01/09 Corporation tax for year to 30/11/18 unless pay by quarterly instalments 19/09 PAYE & NIC deductions, and CIS return and tax, for month to 5/9/19 (due 22 September if you pay electronically) 01/10 Corporation tax for year to 31/12/18 unless pay by quarterly instalments 05/10 Deadline for notifying HMRC of chargeability […]
HMRC are being urged to provide clarity and consistency on the tax treatment of commercial vehicles such as VW Kombi Vans marketed as goods vehicles. The need for clarity follows the ruling in an important tax tribunal case involving “vans” provided to employees of Coca Cola. The court has upheld the HMRC view that certain […]
The decision in a recent tax tribunal case reminds us that directors and other company officers may be personally liable for VAT penalties of their company. The recent case involved a penalty for late registration for VAT where the threshold had been exceeded. Three conditions must be satisfied before the liability for a penalty payable […]
If you pay your VAT quarterly by direct debit the sign-up window has closed for the 7 August (30 June quarter) submission. Do not worry as HMRC have announced that you will not be penalised this time so you may file the old way and come back when the direct debit has been collected to […]
In earlier newsletters we reported that hospital doctors and GPs were lobbying the government to amend the pension tax rules as the current system of restricting tax relief on pension contributions means many doctors paying almost all of the extra salary back in tax if they take on additional responsibilities or work additional shifts. This […]
Savers should reconsider the rates on their savings accounts after a rise in inflation means that many are now underperforming. The latest data suggests that the number of savings accounts beating inflation has tumbled from 110 to just 58. This is the result of a slight rise in the Consumer Price Index which went up […]
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