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Tax diary of main events

2018 Dates What’s Due 1 April Corporation tax for the year to 30/6/2017. 5 April 2017/18 tax year ends 19 April Final RTI FPS due by this date. Indicate that this is Final Submission for the Tax Year 19 April PAYE & NIC deductions and CIS return and tax, for a...

3 areas to assess when your business is struggling

As a business owner, you love what you do. You love being in control of your day to day routine, being your own boss, being responsible for a business and its team. But with any business comes risk. Your business could be thriving one month, and the next month sales...

What is a furnished holiday letting (FHL) business?

There are strict rules for a property rental business to qualify as furnished holiday lettings. The most important conditions are: The property must be situated in the UK or European Economic Area (EEA) Furnished and let on a commercial basis Available for letting for...

Want to join the making tax digital vat plot?

HMRC have announced that they are looking for suitable businesses to sign up for the pilot testing of the new system of digital reporting of VAT information. Turkeys voting for Christmas springs to mind? After a period of testing the new system is scheduled to go live...

Pension funds can be very effective in estate planning 

We have featured the tax efficiency of pension fund investment in a number of recent newsletters. As well as the increased flexibility in terms of drawdown arrangements that were introduced in April 2015 there were some important changes to what happens to the undrawn...