Category: Tax

Many of us have been forced to work from home because of Covid-19. But what tax implications does this have? Nick Lovett explains all. In the current climate more people than ever are working from home. This may be as…

In the latest article in his medical accounting series, Philip Redhead discusses how personal income and expenditure of GPs should be dealt with in the light of recent changes by HMRC. HMRC’s changes to its internal manual BIM82080 were introduced…

Mark McLaughlin points out that staying single could save inheritance tax in certain circumstances. The UK’s tax regime contains various reliefs, exemptions and allowances, some of which are seemingly designed to encourage couples to be married (or in a civil…

When it comes to the claiming of research and development reliefs, too many advisers are bending the rules to breaking point, says Andrew Hubbard. Over the past few months I’ve spent a lot of time looking at the current state…

Welcome to Contractor Corner, the series written specifically by Qdos Contractor for accountants with clients who are contractors. No more delays: IR35 reform is set for 2021 On 1 July, MPs voted against an amendment that proposed a 2023/2024 IR35…

Nick Lovett explains how the new ‘deductions allowance’ will work Schedule 45 of the Finance Act 2020 introduces a corporate capital loss restriction. The Act received Royal Assent on 22 July 2020. The provisions will apply to accounting periods beginning…

Mark McLaughlin highlights a case in which HMRC was not given its own way when requesting information to check a taxpayer’s tax position. Taxpayers understandably do not generally relish contact with HMRC, such as receiving requests for information and/or documents…

If you have any GP clients whose surgery is a member of a PCN that has not utilised all of its funding received you should make your client aware that HMRC will regard your client’s share of these unspent amounts…

Welcome to Contractor Corner, the series written specifically by Qdos Contractor for accountants with clients who are contractors. The implications of reverting to outside IR35 On 17 March 2020, just two weeks before the expected implementation of the contested off-payroll…

You need to be aware of the important changes to the deadlines for filing and paying capital gains tax (CGT) on the disposal of UK property. The deadlines for filing and paying CGT arising on the disposal of an interest…