You may like to check out the following points. In many cases it would seem that local authorities have overall control over who can, or cannot, claim for reduced rates. Second homes You may pay less Council Tax for a property you own or rent…
Author: Dev15
Claiming back pre-trading costs
Generally speaking, any business expenditure that you make up to seven years before you actually start trading, is treated for tax purposes as if it was incurred on the first day of trading. This expenditure includes rent, rates, insurance, wages and other costs that you…
Football agent loses tax appeal
In a recent tax case, Jerome Anderson v HMRC, the First-Tier Tribunal denied a football agent relief for trading losses. The judges’ arguments centred on the issue of whether he was carrying on a trade, and if he was, was it on a commercial basis…
Tax Diary October/November 2016
1 October 2016 - Due date for Corporation Tax due for the year ended 31 December 2015. 19 October 2016 - PAYE and NIC deductions due for month ended 5 October 2016. (If you pay your tax electronically the due date is 22 October…