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P60s

Remember : once you have completed your payroll year end, you need to give your employees a P60 before 31 May 2019.

 Property Tax Changes – Sale of own home Principal Private Residence Relief

You do not pay tax on the sale of your own home if you have occupied throughout the period of ownership. For periods you have not occupied the house tax  may be payable.  Find out more in Jo’s Blog

Posted on  by Joanne Stoneman

 A Spring Statement in the eye of the Brexit Storm

The Chancellor rose in a parliament preoccupied with the ongoing Brexit drama to deliver a Spring Statement on the state of the economy.  There were no new tax measures and only minor changes, which can be viewed here.

Posted on  by Tracy Martin

Making Tax Digital Guidance and Links

We have noted a few HMRC links on MTD that you may find useful. 

Registering for VAT after 1 April 2019?

If you’re required to register for VAT after 1 April 2019,  Making Tax Digital for VAT will apply to you.  Read more in Jo’s blog. 

Company Car Advisory Fuel Rates increase from 1st March 2019

Full details and details of the amounts to pay for electric cars here.

HMRC Tax Calculation Forms P800

If you receive one of these calculations from HMRC, we would encourage you to check them. More info in Jo’s blog. 

Posted on  by Joanne Stoneman

EIS Schemes and Directors

Do you qualify for EIS relief?  Jo explains in her blog.

Posted on  by Joanne Stoneman

Handpicked Accountants

S R Lynn & Co become Handpicked Accountants.  Read more.

Married Couples Transferable Tax Allowance
 
If your income is less than £12,500,  you may be able to reduce your husband, wife or civil partner’s tax by up to £250.

The  Marriage Allowance will let you transfer £1,250 of your Personal Allowance to your partner. This is the amount of income people can get before paying tax.

To register your interest in the Married Couples Transferable Allowance with HMRC click here. 

Previous blogs  you may find of interest…