UK Residents – disposal of Property and Capital Gains Tax

UK Residents – disposal of Property and Capital Gains Tax

If as a UK tax resident you are considering selling a second home or residential investment property situated in the UK or overseas, there are going to be changes to the reporting requirements which are due to come into effect from 6 April 2020. The current position...
Record levels of Capital Gains & Inheritance Tax collected last year!

Festive Submissions to HMRC

Looking for something to do to while away the time on New Year’s Day…….why not join the 2,616 people who filed their 2017/18 tax returns on Christmas Day?! Apparently 204 of these were filed between midnight and 4am, presumably by those trying to stay awake and catch...
What is a certificate of residence?

What is a certificate of residence?

What is a certificate of residence? A certificate of residence is required to claim tax relief in another country if the company pays tax on its foreign income in the UK. If the company has already paid the tax it may be due a tax refund. A certificate of residence...
What is a certificate of residence?

Can a UK company apply for a corporation tax extension?

Can a UK company apply for a corporation tax extension? A company is required to file its corporation tax return within 12 months after the end of the accounting period that it covers. A penalty will be payable if the corporation tax return is filed late. Small...
R&D Tax Reliefs misunderstood and underclaimed

R&D Tax Reliefs misunderstood and underclaimed

An article in the Telegraph this weekend highlights the gap between the amount of tax reliefs that are available for innovation, and that which is actually claimed by companies.  The article claimed that on average £150,000 is being under claimed annually by...