Self-assessment deadline looming
Now that the holidays are well and truly over it is time to turn our thoughts to more practical matters. You have probably put it off for as long as possible but now the tax return deadline really is looming. Fear not, we are here to help! Read on for a summary of what the…
The new rules on termination of payments taxation
April saw the introduction of a change in tax law with regard to termination payments. Part of Her Majesty’s Revenue & Customs (HRMC) aim to simplify tax and remove the ways in which the system can be manipulated, this is now in force as of the 6th of April. It affects both employees and employers…
Tax Tips For Selling Assets Including Investment Properties
Your home – when you sell your main residence this is usually exempt from any capital gains tax. If you have two homes you have two years from the date you buy it to make an election that states it should be regarded as your main residence for capital gains tax exemption. Once you make…
Apprenticeship Levy
In spring 2017 the way the government funds apprenticeships in England is changing. Some employers will be required to contribute to a new apprenticeship levy, and there will be changes to the funding for apprenticeship training for all employers. We are introducing the apprenticeship levy on 6 April 2017. The levy requires all employers operating…
Scam Tax Rebate Emails
Here at Bells we have had a number of clients contact us to ask if an email they have received, seemingly from HMRC, is genuine. The email often has HMRC’s logo on it and appears quite official, usually stating that the taxpayer is due a refund and asking them to follow a link to claim…
