Recent News

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Tax free chargeable gains

There’s a lot of information published about the amount of capital gains tax you will need to pay if you sell a chargeable asset. Of course you can sell chargeable assets and the first £...Read more...

VAT and hot food sales

At present, the more you prepare food for consumption, the more likely the supply will be considered a standard rated supply for VAT purposes.

HMRC turned their nose up when an EU case rece...Read more...

Key dates for your tax diary for July and August

1 July 2011 - Due date for corporation tax due for the year ended 30 September 2010.

6 July 2011 - Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class...Read more...

When is a hobby considered to be a trade?

HMRC are actively searching the internet for evidence of eBay traders that are consistently selling goods on eBay. They are known to be exploring the use of ‘internet robots’ to scour c...Read more...

Don’t forget the increase in mileage rate

Don’t forget that from 6 April 2011, the HMRC approved amount you can claim for the business use of your own car is 45p per mile (previously 40p per mile).

The 45p rate applies to the...Read more...

HMRC to investigate restaurant trade

HM Revenue & Customs have created a new task force to crack down on tax dodgers. Their latest brief is to take a look at the restaurant trade. Initially their efforts will be targeted in the London...Read more...