by Neesha Hallan | Jun 9, 2022 | Budget, Business Success, HMRC, Making Tax Digital, Tax
Many leave their tax return until the last minute. It’s definitely a human trait to want to delay doing something we find boring! However, if you get your tax return for the 2021/22 tax year completed sooner rather than later, you will have some benefits that could... 
by Neesha Hallan | Dec 14, 2021 | Coronavirus: Finances, HMRC, Making Tax Digital, Tax
CHRISTMAS IS THE TIME FOR GIVING Like the Capital Gains Tax (CGT), the Inheritance Tax (IHT) from Rishi Sunak’s Autumn Budget remained the same. Meaning each tax year individuals may make gifts of up to £3,000 in total. Even if this amount has been... 
by Lotuswise | Feb 12, 2021 | Making Tax Digital, Tax
Domestic VAT Reverse Charge 2021 for Building and Construction Services Domestic VAT Reverse Charge 2021 The domestic VAT reverse charge for building and construction services finally comes into effect on 1 March 2021. The start date was originally 1 October 2019, but... 
by Lotuswise | Jan 12, 2021 | Tax
New Year’s Resolutions to Save Tax New Year’s Resolutions to Save Tax: Planning New Year’s Resolutions to Save Tax – At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before... 
by Lotuswise | Aug 7, 2020 | Coronavirus: Finances, Making Tax Digital, Tax
DETAILS ON HOSPITALITY VAT REDUCTION HOSPITALITY VAT REDUCTION: WHAT IS IT ALL ABOUT? When the Chancellor announced a temporary cut in the rate of VAT for the hospitality sector and attractions in his Summer Statement on 8 July there were a number of areas that needed... 
by admin | Mar 20, 2020 | Budget, HMRC, Tax
The Budget – 11 March 2020: MORE MONEY FOR THE NHS AND INFRA-STRUCTURE IN THE BUDGET Rishi Sunak received a “hospital pass” when he was appointed Chancellor and was required to deliver the first Budget in nearly 18 months within a month of his appointment. He...