S R Lynn & Co·Blog

Income sharing trouble for separated couple

After a couple separated one spouse received income from letting the property she jointly owned with her estranged spouse. HMRC taxed all the income on her. Was it right to do so or should her spouse have been taxed on half the income?

Articles

Last orders to meet deadline to improve your state pension

11th February 2025 by Joanne Stoneman

After a few false starts the government is about to blow the whistle on the end of the extra time granted for you to plug any gaps in your NI record. Why should you bother with this and how much will it cost?

Compensation vs consideration: what’s the difference?

10th February 2025 by Joanne Stoneman

Your business will receive a big payment for a breach of contract committed by a supplier. The supplier has asked for a VAT invoice from you so they can claim input tax on their payment. Is this correct?

Minimise late payment penalties

7th February 2025 by Joanne Stoneman

You still need to pay some of the self-assessment bill that was due on 31 January 2025. As a result, interest will be added to the debt and penalties can follow. What steps can you take to prevent or mitigate them?

Showing Articles 49 - 51 of 227 Articles