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Letting Out Your Home

8/1/2019

When you move house it’s sometimes not possible to sell your existing home in the timescales and some clients have elected to let out the property.

In recent years there have been changes to the way in which mortgage interest is relieved in the calculation of let property profits and from 6thApril 2020 there will be changes to the Capital Gains Tax regime.

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IR35 New Rules For Some Contractors

8/1/2019

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Photo by Charles Deluvio on Unsplash

There are some changes afoot in the contractor market.

Those of you who have heard the term IR35 will know it’s legislation dating back to the early 2000’s designed to prevent people on generally long term contracts from being ‘employed’ through their own companies and saving significant amounts of National Insurance and sometimes tax.

The decision on whether to apply IR35 and pay the extra tax currently lies with the contractor.

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Making Tax Digital Update 2019

8/1/2019

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For businesses trading above the VAT threshold, the ability to log onto HMRC and manually complete and submit a VAT return is progressively being removed.

Believe it or not mid July HMRC were saying that only 25% of businesses that need to swap over have done to date!

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Letting Out Your Home

IR35 New Rules For Some Contractors

Making Tax Digital Update 2019

Nigel Gorski

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