The top national finance stories are brought to you each week by Bath accountancy firm Pearson May in association with Bath Business News. Reverse charge VAT for builders delayed HMRC has announced a 12-month delay – weeks before planned implementation. Click here to find out if this affects you Treasury to review tapered annual...
Statistics recently issued by HM Revenue and Customs (HMRC) indicate that in the 2018/19 financial year the average Inheritance Tax (IHT) bill was £200,000. With the main IHT rate at 40% and the Nil Rate Band (the amount up to which an estate has no IHT to pay) frozen at £325,000 for more than...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. This week we look at . . . First quarterly MTD for VAT deadline Around 121,000 businesses fell at the first hurdle. Click here for what you need to know Number of non-doms...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. This week we look at . . . HMRC repays record sum from pensions tax trap 17,000 savers reclaim £46m in overtax on pension withdrawals Click here to find out if this applies...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. This week we look at . . . Tax implications of home working Key considerations when it comes to working from home. Click here to find out if this applies to you The...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. This week we look at . . . Over-65s face social care ticking time bomb One in 10 people have no plans for funding later-life care. Click here to read more HMRC gives...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. This week we look at . . . Taxpayers face large bills after HMRC error Customers who don’t get a tax bill this July will need to pay more in January. Click here...
Making Tax Digital (MTD) for VAT was finally introduced on April 1 this year in a move that will affect all VAT-registered businesses with an annual taxable turnover above the registration threshold of £85,000. If your business hasn’t yet taken any action then it may not be too late but you must act now...
Each week Bath accountancy firm Pearson May and Bath Business News team up to bring you the top national finance stories. This week we look at . . . Saving on summer childcare costs Government schemes to help pay for childcare this summer. Click here for an update Reverse charge VAT for construction services...
Most people have probably heard of Capital Gains Tax (CGT) but how much do they know about the situations in which CGT is charged? Pearson May partner Jacqui Bowden explains. You could be forgiven for thinking that CGT is only payable when you sell an asset which is chargeable to CGT (e.g. a rental...
