Does the landlord charge VAT on rent? Guide for commercial and ...
Oct 25, 2023 — Generally, income from residential property except furnished holiday lettings is exempt from VAT. In this blog we will cover the basics around VAT registration and also the different rules for commercial premises and residential property.
Online Accountants UK | Tax Service for Small Businesses, …
Save tax. Our experts will work with you to reduce your corporation, personal or any other tax liability, all within the rules of the UK tax legislations. We’ll ensure you’re claiming all allowances and expense claims that you would be eligible for. Reduce your admin. We give free software to all of our clients.
Do I pay stamp duty land tax (SDLT) on a transfer of equity?
Nov 16, 2022 — For these reasons, it’s wise to seek professional advice before making a transfer of equity. For tailored tax advice on SDLT and property transfer or equity transfer, contact our expert team today. You can contact our team on 0330 088 6686, or email on [email protected]. Speak with an expert.
What Expenses Can You Claim When Inside IR35? - DNS …
Apr 14, 2023 — However, due to recent modifications to travel and subsistence (T&S) allowances, contractors working inside IR35 should refrain from claiming routine expenses such as travel, mileage, hotels, and meals. HMRC is on the case and will categorise this as earnings, forcing you to pay tax and national insurance contributions on any erroneously ...
When & Who Needs an EORI Number - DNS Accountants
EORI (Economic Operator Registration and Identification) number is required by a person or dealer who is carrying out custom activities in the European Union (EU). This system began on 1 July 2009 by all EU member states and replaced the old Trader’s Unique Reference Number (TURN). EORI is mandatory if an individual is required to provide ...
Will I have to pay Capital Gains Tax on an inherited property?
When you inherit an asset (i.e. property or a valuable item) it becomes your property. You won’t pay Capital Gains Tax at the point you inherit the asset. However, if you then sell/dispose of that asset at some point in the future, you will potentially be liable for CGT on the profit/gain you make at the point of sale.
CT61: Paying interest to individual lenders or directors
Pay you the interest less the basic income tax rate of 20%. Use form CT61 to report and pay the income tax each quarter. You can obtain a copy of form CT61 online or by contacting HM Revenue and Customs. HMRC Shipley Accounts office Address 0300 051 8371 Monday to Thursday, 9am to 4:30pm Friday, 9:00 a.m. to 4:00 p.m.
How to Submit Amended Accounts To Companies House Online?
Prepare annual accounts for a small company. A company will be termed small if any of the following 2 hold good: 50 employees or less. a turnover of £6.5mn or less I think this limit changed to 10m from 01 Jan 16 so please check. £3.26mn or less on the company’s balance sheet I think the asset limit changed as well.
Can I prepare my own limited company accounts? - DNS …
Jul 14, 2022 — If you run a limited company, there is legislation around filing company accounts to Companies House. All companies must file some form of annual accounts with Companies House - even if they are dormant or not trading. In this blog, we look at what is required and give you advice on whether you should prepare your own annual accounts.
What to do if you receive a nudge letter from HMRC
Apr 20, 2024 — For help and advice on tax liabilities, offshore tax issues, residency status, overseas interests, disclosure facilities and other worldwide tax issues Contact dns on 03300 886 686 or email us on [email protected]. today for help and advice on HMRC letters, tax investigations or other tax queries.