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EMPLOYERS… with many of your staff working from home due to Covid 19, it is important you make your employees aware of a tax relief they can claim. Even if they had been working from home for just one day, they can claim tax relief for the WHOLE YEAR. The tax relief obtained is £62 […]
Working From Home Tax Relief Read More »
Trivial Benefits There are benefits which an employer can provide to their employee’s tax free, which are known as trivial benefits. These do not require disclosure on P11D’s and will not attract the additional tax and national insurance which other benefits in kind do. For something to qualify as a trivial benefit it must meet
If you’re self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) find out if you can use this scheme to claim a grant. The scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3
Self-Employment Income Support Scheme (SEISS) Read More »
March 27th – Update Scam emails, calls and texts from HMRC Please be aware that the government are advising of an increase in scam emails, calls and texts. If someone gets in touch claiming to be from HMRC, saying that financial help can be claimed or that a tax refund is owed, and asks you
COVID-19 Update (Self Employed & Job Retention Scheme) Read More »
Further to our original post regarding COVID-19, we are now writing with some additional information and a summary of further measure’s announced on Friday. It is important to note that it can take several days for the government to provide the necessary detail of each of the measures and therefore some of the questions you
Further update – COVID-19 Read More »
JOHNSTON WOOD ROACH HAVE IN PLACE PROCEDURES TO ENSURE THAT OUR SERVICE TO YOU IS NOT INTERRUPTED THROUGHOUT THE COVID-19 OUTBREAK We want to take this opportunity to assure you that we have implemented systems and procedures to ensure that we continue to meet your accountancy requirements. Should it be necessary, all staff are equipped
Update regarding COVID-19 – How we can help you Read More »
Legal & beneficial ownership From a tax perspective, there is a distinction between legal and beneficial ownership. The legal ownership of a property is whoever the Land Registry owner is, and if the property is mortgaged, who the mortgagee is. However, it is the ‘beneficial’ owner of a property that is taxed on the
Reducing Income Tax on Jointly Held Properties Read More »
The government are moving away from the current test NEDC (New European Driving Cycle) of CO2 emissions on cars and are implementing a new test called ‘WLTP’ (World Light-Duty Test Procedure) which has been designed to gather data more accurately, based on the likely emissions of cars in real-life driving conditions. This new policy is
Company Car Tax Changes April 2020 Read More »
IR35 – Changes to off-payroll working from April 2020 In October 2018, the Chancellor delivered his Autumn Budget and confirmed that the proposed reform to the taxation of personal service companies (PSCs) in the private sector is to be implemented from 6 April 2020 for large and medium sized businesses. Small Business Exemption
IR35 – Changes to off-payroll working from April 2020 Read More »
Many homeowners with large gardens consider selling part of their garden to property developers or building a house themselves, it can be a great way of extracting tax-free cash from your home. Principle Private Residence Relief (PPR) usually exempts most owner occupiers from a charge to tax when they sell their main residence. The relief
Selling Part of your Garden for Development Read More »