Applying to register a trade mark
The process of registering a trade mark can be very complex, and careful due diligence must be undertaken to decide what exactly is...
22 Jul
HMRC notices
Category Archives: HMRC notices
22 Jul
HMRC notices
Who is eligible to use the cash basis?
The cash basis scheme helps many sole traders and other unincorporated businesses benefit from a simpler way of managing their financial affairs. The...
01 Jul
HMRC notices
Tax-Free childcare in the school holidays
As the school holidays fast approach, many parents face having to organise extra school holiday childcare over the summer months. HMRC is reminding parents...
26 Jun
HMRC notices
How ISAs work
An ISA is a tax exempt savings account available to UK residents. Whilst the amount invested in an ISA does not benefit from...
11 Jun
HMRC notices
Cashback schemes and tax
Statement of Practice 4/97 sets out HMRC’s views on the correct treatment for tax purposes of commission, cashbacks and discounts. Cashbacks are taken...
28 May
HMRC notices
What is overlap relief?
The assessment of self-employed or partnerships profits is usually relatively straight-forward if the accounting date - the date to which accounts are prepared...
28 May
HMRC notices
Tax and lease premiums
Where a freeholder (or landlord) of a property grants a new lease to a new tenant there are sometimes upfront payments due, usually...
20 May
HMRC notices
Seed Enterprise Investment Scheme
The SEIS provides for extensive Income Tax and Capital Gains Tax (CGT) breaks for investors and this greatly encourages much needed seed capital...
07 May
HMRC notices
Child benefit payments
The weekly rates of child benefit for the only or eldest child in a family is currently £20.70 and the weekly rate for...
07 May
HMRC notices
How to treat post-cessation items if property business ceases
There are special rules for the taxation of post-cessation receipts after a trade has ceased. The legislation clearly states that the person who...