Articles

What is a PET?

Most gifts made during a person’s life are not subject to tax at the time of the gift. These lifetime transfers are known as ‘potentially exempt transfers’ or ‘PETs’. These gifts or transfers achieve their potential of becoming exempt if the

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Let property disclosure campaign

Landlords that receive letting income should notify HMRC by 5 October after the end of the tax year for which you start to receive that income. So, for the 2017-18 tax year that has just ended, HMRC needs to be notified by 5 October 2018 of any

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How much does Class 4 NIC cost?

There are currently two types of National Insurance contributions (NICs) payable by most self-employed people. These are known as Class 2 NICs and Class 4 NICs.
Class 2 NICs are paid by all self-employed taxpayers unless they qualify for the small

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Claiming for job related expenses

Employees who use their own money to buy things they need for their job can sometimes claim tax relief for the associated costs. It is usually only possible to claim tax relief for the cost of items used solely for work.
There is no tax relief

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Don’t forget to handout P60s

The deadline for employers to provide employees with a copy of their P60 form is by 31 May 2018. A P60 must be given to all employees that were on the payroll on the last day of the tax year – 5 April 2018.
The P60 is a statement issued to employees

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FREE Cyber Security Seminar, Wed 2nd May 2018

You are warmly invited to an interactive seminar on Cyber Security, jointly hosted by ourselves and JM Finn. This is a rare opportunity to hear directly from the experts in Cyber Security and Charity Governance, and gain indispensable advice on practical ways to...

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