Latest blogs for Services

The 31st January payment deadline is fast approaching. Here are some tips to ensure you get your payments to HMRC on time: HMRC accepts payments on date of payment rather than date it reaches their account You can pay via the secure HMRC App You can pay via scanning the QR code within your HMRC…

With the forthcoming Self Assessment payment date of 31st January 2023 just 3 weeks away HMRC have increased the late payment and repayment interest rates applied to the main taxes and duties that HMRC currently charges and pays interest from 6th January 2023: late payment interest rate — 6% from 6 January 2023 repayment interest…

Many workers who partly or wholly work from home (WFH) can, either, be reimbursed for this tax free (if their employer permits) or claim a valid tax deduction for this expense. HMRC have now amended the special rules that they introduced during Covid for the maximum WFH deduction that can be claimed. For employees (including…

Divorce and CGT Under current legislation, married couples and civil partners can transfer chargeable assets between them without incurring CGT under the ‘no gain, no loss’ principle. However, for separating couples, this only applies until the end of the tax year of separation.   A couple who separated in February 2022 could therefore only transfer…

After Press speculation over the weekend, it’s official, HMRC have now confirmed that the introduction of Making Tax Digital for income tax is to be delayed for 2 years: https://questions-statements.parliament.uk/written-statements/detail/2022-12-19/hcws465 The mandate of MTD for ITSA will now be introduced from April 2026, with businesses, self-employed individuals, and landlords with income over £50,000 mandated to…

In May 2015, exclusivity clauses in employment contracts for zero hours workers, was made illegal. Unfortunately, it has been found that many low paid employees or workers who are not employed on zero hours contracts (perhaps part-time staff) could still be subjected to exclusivity provisions. From 5th December 2022, this will also become unlawful.  …

The range and location of Whitings LLP clients is vast, and the specialist staff possess and equally vast level of experience, knowledge and expertise. There is, however, one thing each of us has in common, and that is property.   It is hoped that we will provide you with a diverse selection of articles which…

In a society already dominated by red tape two new registers have been created to assail us. The Register of Trusts, when announced, did not seem unduly onerous. As the requirements have become clearer we are left pondering where trusts may exist that are not immediately obvious.   Of particular relevance to agriculture, land may…

Incorporated businesses have until 31 March 2023 to claim 130% capital allowances on expenditure on certain fixed assets. This ‘super deduction’ was introduced in April 2021 to help companies continue to invest in plant and machinery after the pandemic.   Assets must be purchased new to benefit from the relief and it does not apply…

Google ‘planting woodland and trees’ and you will find dozens of pages of advice but let’s focus on the farmer’s needs and the wide range of benefits to our readers where farmland grazing is poor or your land requires more fertilisers.   Large scale planting can: • Attract wildlife • Provide shelter for livestock •…