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SPONSORED: Stamp Duty Land Tax (SDLT) is a tax charged by HMRC on land and property purchases in England and Northern Ireland. SDLT is levied as a percentage of the property and land purchase price. However, the SDLT rates vary depending on many factors, for example the property’s purpose and the purchaser’s ownership status. The rates and exemption thresholds are different for first-time buyers purchasing residential property.
HMRC will ask “open questions” in order to avoid simple “yes” or “no” answers. That said, where it is important to consolidate an...
Paul Malin, owner, Paul Malin Consultancy One HMRC employee has now been assigned over 18,000 of these cases to now pursue! With many of these...
Marco Piacquadio, Director of FTS Recovery, FA Simms and Beacon LIP That said, there are steps that can be taken to mitigate the situation....
With the new Labour government wanting to fill a £22 billion black hole, yet more focus has turned onto R&D tax relief and the 70,000 annual...
Chris Thorpe, tax advisor Reliefs The only relief specifically available for a residential property is the Residential Nil Rate Band (RNRB) – an...
Phoenixing is one route that could make this second chance possible. It’s the process of eliminating the debt of an insolvent company through a...
There may be similarities to another case, but individual personalities tend to make the details of each one unique. But the process – the...
The introduction of the R&D tax credits scheme gave rise to a raft of dubious third party companies making dubious claims on behalf of...
While a Time to Pay arrangement is one option to explore with clients, HMRC doesn’t always take into account the company’s other debt when...
Continuing professional development (CPD) is the process of tracking and documenting the skills, knowledge, and experience you gain both formally...
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