May 2024 Newsletter

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avraam.co.uk

01/02/2019
MTD pilot opens to all
The Making Tax Digital (MTD) pilot has been opened up to all businesses that will be mandated from April 2019 (i.e., the first VAT accounting period starting on or after 1 April 2019) to use compatible software to submit information directly to HMRC. Read More...
 
Maximising the benefit of Gift Aid donations
The government's Gift Aid scheme aims to maximise the value of donations made charities whilst allowing most UK taxpayers to benefit from tax relief on the gift. Since the scheme allows payments to be related to a previous year, Read More...
 
The 'section 455 charge'
For accounting purposes, cash transactions between a director and a personal or family company are recorded through the director's account. At the end of an accounting period, if the director owes the company money (i.e. the account is considered Read More...
 
FTT examines juicy VAT case
The First Tier Tribunal (FTT) were recently called upon to examine whether fruit and vegetable juices sold as meal replacements were beverages and therefore standard-rated for VAT. Read More...
 
February questions and answers
Q. I recently sold my main residence and down-sized to a smaller property. Unfortunately, because of current economic conditions, the sale price of the house was £30,000 less than I originally paid for it many years ago. Can I offset this Read More...
 
February key tax dates
2 - Last day for car change notifications in the quarter to 5 January - Use P46 Car Read More...
 
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