Now that Scotland and Wales have their very own stamp duty taxes buying a house in the border areas between Wales and England, and Scotland and England, raise some interesting planning options. Consider Llanymynech, a village that straddles the border between Powys (Wales) and Shropshire (England). The amount of stamp duty payable on an identically […]
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Broadband fibre gets rates boost
April 18th, 2018
The Telecommunications Infrastructure Act 2018 paves the way for full-fibre broadband and future 5G communications by enabling 100% business rates relief for operators who install new fibre on their networks. In other words, the Act incentivises operators to invest in the broadband network. Apparently, the secondary legislation has been laid, firing the starting gun on […]
Common-sense prevails
April 12th, 2018
Imagine that you have no interest in computers or computing. That Facebook and Twitter sound like racehorses running in the 2.30 at Haydock Park. Further, imagine that the thought of having to deal with computers pushed you into a severe anxiety state. Ms Naylor, the Company Secretary of a flooring company, fitted this profile. For […]
Tax Diary April/May 2018
April 9th, 2018
1 April 2018 – Due date for corporation tax due for the year ended 30 June 2017. 19 April 2018 – PAYE and NIC deductions due for month ended 5 April 2018. (If you pay your tax electronically the due date is 22 April 2018) 19 April 2018 – Filing deadline for the CIS300 monthly […]
How long should you keep your records?
April 9th, 2018
If you are self-employed, and obliged to submit a self-assessment tax return, you must keep your tax records for at least five years after the 31 January submission deadline of the relevant tax year. For example, if you sent your 2017-18 tax return online by 31 January 2019, you must keep your records until at […]