Rachel explains the tax consequences of choosing a second hand electric car for your business.
Posts by Rachel Roberts
Upcoming Self Assessment Criteria Changes
Rachel explains the thresholds at which income needs to be reported through a Self Assessment Tax Return will be changed to £3,000
Making Tax Digital for Income Tax – Important Self Assessment changes
Rachel explains how those impacted will need to comply with new regulations, including keeping digital records and submitting quarterly updates to HMRC
CGT on disposals of residential property
CGT in respect of gains on residential property must be reported and paid to HMRC within 60 days from completion – Rachel highlights a couple of things to be aware of.
Less than one month left to fill historical gaps in your NI record
Rachel highlights the extension allowing individuals to pay voluntary NI contributions between 2006 and 2017, ends on 5 April 2025.
April 2026: The Introduction of MTD for Income Tax Self Assessment
Rachel provides an update about MTD for Income Tax Self Assessment including who, what and when. plus exemptions.
Autumn Budget 2024: Abolition of the non domicile regime
The current tax rules available to non domiciled individuals will end next April. Rachel explains what this means.
Autumn Budget 2024: Furnished Holiday Lets and Stamp Duty Land Tax
Rachel covers the abolishment of Furnished Holiday Lets and the increases to Stamp Duty Land Tax
Tax-free childcare accounts can subsidise summer childcare costs
If you have kids that are currently booked into a summer camp did you know that you may be able to use a tax-free childcare account to help subsidise these costs?
Many couples may need to restart child benefit claims
The changes to the High Income Child Benefit Charge (HICBC) have taken effect from 6 April 2024. Read on to find out if it impacts you.
Pre year end tax planning for individuals
Now is a good time to consider your personal tax planning opportunities if you haven’t already done so.
Spring Budget 2024: Property Taxes
Rachel outlines the changes announced in the Spring Budget which relate to properties.
Basis Period Reform – Changes to the way profits from a sole trade or partnership are taxed
Rachel explains the changes to the way sole trade profits or partnership profit shares are allocated to tax years effective from the current 2023/24 tax year.
Autumn Statement round-up: Changes to the cash basis
Rachel explains the changes made to the cash basis which have been outlined by the Chancellor.
Autumn Statement round-up: MTD for ITSA
Rachel explains the changes to Making Tax Digital for Income Tax Self Assessment which have been announced today.
What are the tax implications for child benefit if you earn over £50,000?
If you are claiming child benefit, it is important to be aware of this threshold which hasn’t changed with inflation as more parents are likely to get caught out by it.
Can a staff summer party be tax-free?
Rachel explains the exemptions around having an annual event for staff whether it’s a summer barbeque or the Christmas party.
What can I use my Tax-Free Childcare account for?
Rachel reminds working parents that the Tax-Free Childcare account can include paying for a summer holiday club.
HMRC targets Airbnb hosts as part of its Let Property Campaign
Rachel explains HMRC is targeting those in the short-term rental market so if you think you may have underdeclared your property income, now is the time to act.
Spring Budget 2023 Summary: Labour Market Reforms
Rachel Roberts provides a summary of the Budget announcements concerning the labour market including childcare reforms and pension reforms.