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VAT

Separating from your spouse (for VAT purposes) You and your spouse run separate businesses, each trading below the VAT registration limit. The trouble is HMRC can argue that the businesses should be treated as one. What did a recent First-tier Tribunal have to say...

HMRC’s new self-assessment tool

HMRC has launched an online tool which allows you to check if you need to submit a tax return for 2017/18. It’s easy to access, simple to use but very misleading. What’s the full story? Tax return required? HMRC’s latest online tool, launched on 28 November 2018, aims...

BUDGET 2018 – the small print

As usual, the more interesting Budget changes didn’t feature in the Chancellor’s speech but in the documents produced by HMRC. What important changes might you have overlooked? Hidden agenda. These days the Budget speech is more of a media show than an explanation of...

Change to VAT on service charges

From 1 November 2018 property service companies will no longer be able to use HMRC’s concession to exempt certain types of supply. As a landlord how might this affect you? Service charges. If as a landlord you’re responsible for the upkeep of common areas, e.g....