The Let Property Campaign gives you an opportunity to bring your tax affairs up to date if you’re an individual landlord letting out residential property in the UK or abroad and to get the best possible terms to pay the tax you owe. If you owe tax on your letting income you’ll need to tell … Continued
Care home fraud soars – but genuine long term planning is the answer
The Audit Commission has claimed that fraud in the care system has almost doubled in a year as middle-class families attempt to hide their assets from HMRC. The watchdog recorded an 82% rise in the amount lost to councils last year as families avoided nursing-home fees or failed to report the death of a loved-one … Continued
Findings of charity project published
As charity experts, BWMacfarlane have once again inputted into a Institute of Chartered Accountants in England and Wales (ICAEW) Special Interest Groups report for the Charity Commission, reviewing charities’ approaches to strategy as part of a special report on this topic. The ICAEW has now published a report of a review project (The full report … Continued
Change in legislation … Right to Request Flexible Working
From the 30th June 2014 all employees with 26 weeks service at the time of the application will have the right to request flexible working. Under the Children and Families Act the existing statutory procedure is to be replaced by a duty to deal with flexible working requests in a reasonable manner. Employers will have … Continued
How to Hold a Buy-to-let Property
To find out more information please follow this link How to Hold a Buy to let Property
A guide to Residence and domicile tax rules
Domicile and residence can each have a significant impact on how much UK tax you must pay, or indeed if you must pay UK tax at all. Both terms are used for tax purposes and have little to do with citizenship or nationality. A guide to the differences between residence and domicile for tax purposes … Continued
Loans to employees and directors
As an employer, you may often be willing to lend company money to a director or employee. This could be to help them pay for a season ticket to commute to work, to help an employee relocate to a new area, or to help a valued employee get over a financial difficulty. There are, however, … Continued
New personal tax statement for 24mn people
From October 2014, around 24 million people will receive a personal tax statement from HMRC detailing how their taxes were spent, the Chancellor George Osborne has announced. This is 4 million more people than was originally announced at the Budget 2012. The additional people are PAYE taxpayers who have had recent contact from HMRC setting … Continued
Employment law changes in effect
A number of changes to employment rules and regulations came into force with the start of the new financial year on 6 April. The changes affect many areas of employment law, from employment tribunals and discrimination, to everyday areas such as auto-enrolment and maternity pay. Key changes: Statutory maternity and paternity pay have increased from … Continued
Auto enrolment increases pension membership
The percentage of private sector employees in a workplace pension scheme increased from 26% in 2011 to 35% in 2013, according to research commissioned by the Department for Work and Pensions. The Employers Pension Provision survey shows that at the time of the research, 2% of private sector businesses had passed their staging dates. These … Continued