Generated by All in One SEO v5.0.1.1, this is an llms.txt file, used by LLMs to index the site. # Robinsons London London Accountants - SME specialists ## Sitemaps - [XML Sitemap](https://www.robinsonslondon.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [Financial News](https://www.robinsonslondon.com/blog/) - Our Blog & Event News & Articles Tax UK Tax Planning 2026 Lauren Bailey 20 Aug 2026 UK Tax Planning 2026: The Key Tax and Cost of Living Changes You Need to Plan For Read More Tax UK Tax Updates Lauren Bailey 19 Jul 2026 UK Tax Updates at a glance July 2026 For - [Expenses and Tax According To Trade Part 2](https://www.robinsonslondon.com/2023/06/08/expenses-and-tax-according-to-trade-part-2/) - Last month we published part 1 of expenses and tax according to trade and this month is part two. It is still one of the most common questions we get on a regular basis "what expense can I claim according to trade"? Click here for Part One of Expenses and Tax According to Trade - [UK Tax Planning 2026](https://www.robinsonslondon.com/2026/08/20/uk-tax-planning-2026/) - UK Tax Planning 2026: The Key Tax and Cost of Living Changes You Need to Plan For Updated August 2026 The UK tax and financial landscape continues to change in 2026, with households and businesses facing a combination of higher energy costs, frozen tax thresholds, increased employment costs and changes to dividend and savings taxation. - [UK Tax Updates](https://www.robinsonslondon.com/2026/07/19/uk-tax-updates/) - UK Tax Updates at a glance July 2026 For many businesses and individuals, 2026 has already become one of the most significant years for UK tax in over a decade. A combination of inheritance tax reform, changes to business taxation, increased HMRC compliance activity and further tax simplification measures means taxpayers need to review - [The inheritance tax loophole that could close](https://www.robinsonslondon.com/2026/06/21/the-inheritance-tax-loophole-that-could-close/) - The Inheritance Tax Loophole: Experts Warn Rachel Reeves Could Close It Could One of the UK's Most Valuable Inheritance Tax Reliefs Be Next for Reform? Over the past two years, inheritance tax (IHT) has become one of the hottest topics in UK tax planning. The Government has already announced significant changes affecting pensions, Agricultural Property - [Inheritance Tax Reforms](https://www.robinsonslondon.com/2026/06/21/inheritance-tax-reforms/) - Inheritance Tax Reforms: APR, BPR and AIM Relief Changes – What Business Owners, Farmers and Investors Need to Know The UK's inheritance tax (IHT) landscape is undergoing one of the most significant periods of change in decades. Whilst much attention has focused on the proposed inclusion of pension funds within the inheritance tax regime from - [Inheritance Tax on Pensions from April 2027](https://www.robinsonslondon.com/2026/06/21/inheritance-tax-on-pensions-from-april-2027/) - Inheritance Tax on Pensions from April 2027: Why Estate Planning Cannot Wait For decades, pensions have been one of the most effective and tax-efficient tools available for passing wealth to future generations. Many individuals have deliberately preserved their pension funds throughout retirement, choosing instead to spend savings, investments, and other assets first. The rationale was - [New Holiday Tax Levy](https://www.robinsonslondon.com/2026/05/17/new-holiday-tax-levy/) - The New Holiday Tax Levy in the UK: How Labour’s Tourist Tax Could Hit Families, Staycations and the Hospitality Industry The Labour government’s proposed new “holiday tax” — officially referred to as the Overnight Visitor Levy — has rapidly become one of the most controversial new tax measures facing British families and the UK - [Landlord Tax Avoidance Loopholes](https://www.robinsonslondon.com/2026/05/17/landlord-tax-avoidance-loopholes/) - HMRC’s Clampdown on Landlord Tax Avoidance Loopholes in the UK Landlord Tax Avoidance Loopholes: The UK government and HM Revenue & Customs (HMRC) have significantly intensified efforts to close what they describe as “unfair tax advantages” used by landlords and property investors. Over the past several years — and especially since 2024 — HMRC - [New Dividend Reporting Rules](https://www.robinsonslondon.com/2026/05/17/new-dividend-reporting-rules/) - The New Dividend Reporting Rules for Close Company Directors in the UK New Dividend Reporting Rules for Close Company Directors From the 2025/26 tax year; HM Revenue & Customs (HMRC) has introduced significant new reporting requirements for directors and shareholders of “close companies” in the UK. While the rules do not directly increase dividend tax - [Insurance renewal trap](https://www.robinsonslondon.com/2026/04/19/insurance-renewal-trap/) - The £8.7 billion insurance renewal trap: why millions of Britons overpay for insurance Around 24 million people in the UK could be overpaying for insurance simply by accepting renewal quotes without checking alternatives. That’s not a small inefficiency—it’s a systemic money leak. Research suggests nearly 45% of Brits don’t shop around at renewal, even though the savings - [Household Bills Rising and Falling April 2026](https://www.robinsonslondon.com/2026/04/19/household-bills-rising-and-falling-april-2026/) - “Awful April” 2026: the bills rising (and falling) for UK households April has become synonymous with household bill changes—and 2026 is no exception. While there is a rare drop in energy costs, most other essential bills are rising, meaning many households will still feel worse off overall. This guide breaks down every major bill change, what - [The UK Inheritance Tax Trap](https://www.robinsonslondon.com/2026/03/20/the-uk-inheritance-tax-trap/) - The UK Inheritance Tax Trap – and the £78,000 Mistake Inheritance tax (IHT) in the UK is often described as a tax on the wealthy. In reality, a combination of frozen thresholds, complex allowances, and misunderstood reliefs has created what many advisers call an “inheritance tax trap”—one that can cost families tens of thousands - [Car Tax Changes from April 1 2026](https://www.robinsonslondon.com/2026/02/20/car-tax-changes-from-april-1-2026/) - Rachel Reeves Announces Car Tax Changes from April 1 2026 In the 2025 Autumn Budget and subsequent Finance Bill, UK Chancellor Rachel Reeves announced one of the most significant overhauls to motor taxation in more than a decade. The changes, coming into force on 1 April 2026, include increased Vehicle Excise Duty (VED) charges across - [Business Rates Cut for Pubs from April 2026](https://www.robinsonslondon.com/2026/02/20/business-rates-cut-for-pubs-from-april-2026/) - Government Introduces 15 % Business Rates Cut for Pubs from April 2026 The UK Government has announced a targeted support package for pubs and certain live entertainment venues aimed at easing the financial burden of business rates that many in the hospitality sector were facing from April 2026. The flagship measure: a 15 % reduction - [Budget U-Turns](https://www.robinsonslondon.com/2026/01/15/budget-u-turns/) - Budget U-Turns: The November 2025 Budget Context On 26 November 2025, Chancellor Rachel Reeves delivered her second UK budget, seeking to address lingering fiscal challenges, rising debt costs, and pressures on living standards. The package included a range of tax rises and freezes aimed at raising around £26.6 billion of revenue, targeting higher earners and - [Rachel Reeves Budget Implications](https://www.robinsonslondon.com/2025/11/27/rachel-reeves-budget-implications/) - Chancellor Rachel Reeves announced the budget on 26th November 2025. We analyse the changes, increases, caps and freezes, and the implications on who it affects and how. Income tax & National Insurance — Freezes and mechanics What was announced - The Government will maintain the Personal Allowance and basic-rate limit and equivalent National Insurance thresholds - [Highlights of The Budget announced by Rachel Reeves November 2025](https://www.robinsonslondon.com/2025/11/27/highlights-of-the-budget-announced-by-rachel-reeves-november-2025/) - Chancellor Rachel Reeves delivered her first full Budget on 26th November 2025 unveiling a sweeping package of tax reforms, welfare changes and cost-of-living measures designed to “rebuild Britain’s economic foundations” while restoring fiscal credibility. In a statement shaped by tight public finances and heightened expectations, Reeves set out a blend of targeted support for struggling - [Rachel Reeves Higher Taxes On The Wealthy](https://www.robinsonslondon.com/2025/10/19/rachel-reeves-higher-taxes-on-the-wealthy/) - Rachel Reeves, the UK Chancellor had a recent interview with The Guardian (and related comments) discussing the upcoming Autumn Budget. Below is an overview of what she said plus a breakdown of why she is likely to target specific tax areas (such as pensions) in the upcoming Autumn Budget. Rachel Reeves: 'Higher Taxes On The - [What if the UK Government reduce the VAT registration threshold](https://www.robinsonslondon.com/2025/09/21/what-if-the-uk-government-reduce-the-vat-registration-threshold/) - Here’s a deep dive into the speculation that the UK Government may reduce the VAT registration threshold so that it is more aligned with the thresholds being used for Making Tax Digital (MTD). We’ll cover what’s being proposed, what the drivers are, potential impacts, who gains/loses, and whether the rumours are realistic. What is the - [Should you cash in your pension tax-free lump sum before the Autumn Budget 2025](https://www.robinsonslondon.com/2025/09/21/should-you-cash-in-your-pension-tax-free-lump-sum-before-the-autumn-budget-2025/) - Should you cash in your pension tax-free lump sum before the Autumn Budget 2025? — a practical, evidence-based guide Short answer: maybe — but only after you run the numbers for your personal situation. There are real reasons some people are considering taking tax-free cash before the Autumn Budget in November 2025, and equally real - [Inheritance Tax Plans Rachel Reeves](https://www.robinsonslondon.com/2025/08/20/inheritance-tax-plans-rachel-reeves/) - August 19, 2025 Chancellor Rachel Reeves is reportedly considering changes to the UK's inheritance tax (IHT) regime as part of a broader effort to address a looming £50 billion shortfall in public finances. According to senior government sources, Reeves and Treasury officials are exploring tightening the rules around the gifting of money and assets - [Potential Property Tax Reforms](https://www.robinsonslondon.com/2025/08/20/potential-property-tax-reforms/) - Here’s a detailed, example‑rich article exploring how Chancellor Rachel Reeves’s potential property tax reforms—namely overhauling stamp duty and council tax—have sparked accusations that she's effectively introducing a “wealth tax in all but name,” with middle‑class homeowners potentially bearing the brunt. “Wealth Tax in All but Name”: What’s Being Proposed - Replacement of Stamp - [Pension Stealth Tax](https://www.robinsonslondon.com/2025/07/17/pension-stealth-tax/) - What is the Pension Stealth Tax? 1. What's changed? The personal allowance—the annual threshold before income tax applies—has been frozen at £12,570 since April 2021 and remains frozen until April 2028 Meanwhile, the state pension has continued to rise—with the Triple Lock boosting it by 4.1% in April 2025—to now stand at £11,973 - [Spending Review](https://www.robinsonslondon.com/2025/06/16/spending-review/) - Spending Review On June 11, 2025, Chancellor Rachel Reeves presented a comprehensive UK government Spending Review in Parliament, outlining Labour's fiscal strategy aimed at revitalising public services and infrastructure. The review aims to address a projected £22 billion shortfall in public finances, inherited from previous administrations, through a combination of spending cuts, targeted investments, and - [Bills Increases](https://www.robinsonslondon.com/2025/05/12/bills-increases/) - Bills Increase: What’s Going Up and How It Affects You The start of April brings with it a raft of bill increases that could stretch household budgets even further. From energy to council tax and car costs, several key expenses are on the rise. However, in some cases, there are steps you can take - [State Pension Increased](https://www.robinsonslondon.com/2025/05/12/state-pension-increased/) - State Pension Increased by £472 a Year from April 2025 As of 6 April 2025, the full new state pension increased by £472 a year. This uplift is due to the annual adjustment mechanism known as the "triple lock," which ensures that pensions rise in line with either inflation, average earnings growth, or a minimum - [April 2025 Bill and Tax Price Rises](https://www.robinsonslondon.com/2025/03/31/april-2025-bill-and-tax-price-rises/) - Starting April 1 2025, UK households will experience significant increases in various bills and taxes, impacting daily expenses across the nation. As the government navigates economic pressures, these changes are part of broader fiscal adjustments. Consumers and taxpayers will need to plan carefully to manage the additional financial strain in these areas. Water - [Spring Budget 2025](https://www.robinsonslondon.com/2025/04/01/spring-budget-2025/) - ​The Spring Budget 2025: On March 26, 2025, Chancellor of the Exchequer Rachel Reeves delivered the UK's Spring Statement, outlining the government's fiscal policies and economic outlook. This mid-year update precedes the main annual budget, traditionally presented in the autumn. Key Announcements: Welfare and Public Service Cuts: - Universal Credit Restrictions: The government plans to - [Tax and Selling Online](https://www.robinsonslondon.com/2025/03/12/tax-and-selling-online/) - In recent years, the UK government has introduced measures affecting the taxation of income from selling second-hand items online. These changes aim to clarify tax obligations for individuals engaging in online sales, particularly on platforms like eBay, Vinted, and Depop. Trading Allowance and Tax-Free Threshold Since 2017, the UK has provided a 'trading - [Spring Statement 2025](https://www.robinsonslondon.com/2025/03/13/spring-statement-2025/) - In the Spring Statement 2025, the Chancellor is set to provide an update on her plans for the UK economy on March 26, when she delivers a statement alongside an economic forecast. The update will follow an analysis from the Office for Budget Responsibility (OBR), which monitors government spending and performance. Chancellor Rachel Reeves has - [higher-rate taxpayers](https://www.robinsonslondon.com/2025/03/13/higher-rate-taxpayers/) - Rising Tax Burden: More Middle-Class Workers Caught in Higher Tax Brackets The number of higher-rate taxpayers in the UK has surpassed five million for the first time, marking a significant shift in the tax landscape. According to recent official data, an additional 680,000 people were pulled into the 40 percent tax bracket in 2022/23 compared - [Can Trusts Minimise Inheritance Tax](https://www.robinsonslondon.com/2025/02/13/can-trusts-minimise-inheritance-tax/) - Yes, a trust can minimise Inheritance Tax. It can be a strategy to help reduce the impact of inheritance tax (IHT) when passing rental properties on to your children in the UK. However, it’s important to understand the key aspects and the potential limitations of this approach. How Trusts Work to Minimise Inheritance Tax - [VED Tax Increase](https://www.robinsonslondon.com/2025/02/13/ved-tax-increase/) - VED Tax Increase The UK government has announced significant changes to the Vehicle Excise Duty (VED) system, which will affect all new car buyers from 1 April 2025. The VED first-year charge, often referred to as the 'showroom tax,' is set to increase, particularly for cars with higher emissions. This change is part of the - [Can Leaving Money to Charity in Your Will, Reduce Your Inheritance Tax Bill?](https://www.robinsonslondon.com/2025/01/15/can-leaving-money-to-charity-in-your-will-reduce-your-inheritance-tax-bill/) - In the UK, Inheritance Tax (IHT) can often feel like an unavoidable burden, particularly for individuals with estates exceeding the nil-rate band of £325,000. However, many people may not be aware that leaving a portion of their estate to charity in their will can reduce the amount of IHT owed. This strategy not only - [Preparing for the 2025 Tax Changes](https://www.robinsonslondon.com/2025/01/15/preparing-for-the-2025-tax-changes/) - As we move into 2025, the UK’s tax system is seeing a series of significant changes designed to address fiscal challenges, stimulate the economy, and ensure fairness across different income groups. These changes will affect individuals, businesses, and corporations, as well as reshape the way some areas of the tax code function. With the ongoing - [Can I Cash in My Pensions](https://www.robinsonslondon.com/2024/12/11/can-i-cash-in-my-pensions/) - Can I Cash in My Pensions, Gift the Money, and Avoid Inheritance Tax? In the UK, inheritance tax (IHT) is a complex area of tax law that can significantly impact the wealth you pass on to your heirs. One question that frequently arises is whether it is possible to cash in your pensions, gift the - [Client Gifting and Expenses at Christmas: A Guide for Businesses](https://www.robinsonslondon.com/2024/12/11/client-gifting-and-expenses-at-christmas-a-guide-for-businesses/) - Client Gifting and Expenses at Christmas: A Guide for Businesses As the festive season approaches, many businesses look for ways to show appreciation to their clients and strengthen professional relationships. One of the most common ways to do this is through client gifting—a gesture of goodwill that helps foster loyalty, express thanks, and even attract - [Capital Gains Tax and Cryptocurrency](https://www.robinsonslondon.com/2024/11/13/capital-gains-tax-and-cryptocurrency/) - Capital Gains Tax and Cryptocurrency: A Comprehensive Guide The rise of cryptocurrency has not only revolutionized the way we think about money and investments, but it has also raised new questions around tax liability, particularly in relation to Capital Gains Tax (CGT). In the UK, cryptocurrency is considered an asset (not currency), and when you - [Autumn Budget 2024](https://www.robinsonslondon.com/2024/10/31/autumn-budget-2024/) - The UK’s Autumn Budget 2024 of October this year presented by Chancellor Rachel Reeves, outlined significant measures with a focus on tax increases, public services funding, and social welfare improvements. Highlights National Insurance: Employers' National Insurance contributions will rise from 13.8% to 15%, and the threshold at which they have to pay it will - [Probate](https://www.robinsonslondon.com/2024/10/09/probate/) - What is an executor? An executor is the person appointed in a will to manage the estate of someone who has died. Their primary role is to ensure that the wishes expressed in the deceased person's will are carried out. When it comes to probate, the executor's responsibilities include managing and distributing the deceased's assets and paying any - [Capital Gains Tax](https://www.robinsonslondon.com/2024/10/09/capital-gains-tax-2/) - Capital Gains Tax (CGT) is a tax on the profit (or "gain") made when you sell, transfer, or dispose of an asset that has increased in value. It is the gain that is taxed, not the total amount of money received from the sale. CGT primarily applies to investments, property (excluding your main home), and - [VAT](https://www.robinsonslondon.com/2024/10/09/vat/) - What is VAT? VAT (Value Added Tax) is a consumption tax levied on the value added to goods and services at each stage of production or distribution. It is collected by businesses on behalf of the government and applies to most goods and services sold in the UK and European Union (EU), as well - [Safeguarding Pensions](https://www.robinsonslondon.com/2024/09/13/safeguarding-pensions/) - If you're concerned about potential changes to the ability to access a tax-free pension lump sum under a Labour government in the UK, it's important to stay informed and take proactive steps based on current legislation and future policy announcements. Here are a few key things you can do to safeguard your pension benefits: 1. - [October UK Budget Potential Impact](https://www.robinsonslondon.com/2024/09/12/october-uk-budget-potential-impact/) - Potential Changes in the October UK Budget and Their Impact on Personal Finances and Businesses The October budget in the UK is often a critical event that shapes fiscal policies, taxes, and economic priorities for the year ahead. With the UK facing a challenging economic environment, marked by inflationary pressures, rising interest rates, and a - [Potential Tax Measures](https://www.robinsonslondon.com/2024/08/13/labour-governments-tax-measures/) - Tax Measures Speculation There is speculation that the Labour government, led by Chancellor Rachel Reeves, are proposing a series of tax measures aimed at raising revenue to address the substantial budget deficit inherited from the previous Conservative government. These measures, often referred to as a "tax raid," have primarily targeted middle-class and wealthy homeowners, - [Social Care Cap](https://www.robinsonslondon.com/2024/08/13/social-care-cap/) - Labour Scraps Social Care Cap: Implications for the Elderly and Families The Labour government's recent decision to scrap the proposed social care cost cap has ignited significant debate and concern across the UK. Originally introduced by the Conservative government, the social care cap was intended to limit the lifetime costs of personal care to £86,000, - [Winter Fuel Payments Scrapped](https://www.robinsonslondon.com/2024/08/13/winter-fuel-payments-scrapped/) - Labour Government Scraps Winter Fuel Payments The Labour government’s recent decision to scrap Winter Fuel Payments for millions of pensioners has sparked widespread concern, particularly as the UK braces for another harsh winter with soaring energy prices. The move, announced by Chancellor Rachel Reeves in July 2024, is part of a broader strategy to address - [State Pensions](https://www.robinsonslondon.com/2024/08/13/state-pensions-2/) - UK State Pensions Set for 4.5% Hike Amid Cost of Living Crisis Millions of UK pensioners are poised to receive a significant boost in their State Pensions, with an anticipated 4.5% increase coming in April 2025. This adjustment, in line with the triple lock policy, is designed to help pensioners keep pace with rising - [Five ways to avoid savings interest tax](https://www.robinsonslondon.com/2024/07/10/five-ways-to-avoid-savings-interest-tax/) - Five ways to avoid savings interest tax as a 45p additional rate taxpayer As a 45p additional rate taxpayer, managing your savings to minimize tax on interest can be challenging but possible with strategic planning. Here are five tips to help you avoid savings interest tax: Utilize ISAs (Individual Savings Accounts): ISAs offer - [What is a Salary Sacrifice Scheme?](https://www.robinsonslondon.com/2024/07/10/what-is-a-salary-sacrifice-scheme/) - A salary sacrifice scheme is an arrangement between an employee and employer where the employee agrees to give up a portion of their gross salary in exchange for non-cash benefits. These benefits can include increased pension contributions, childcare vouchers, cycle-to-work schemes, or additional annual leave, among others. Here’s how it works and the - [What Does a Labour Government Mean For Your Money](https://www.robinsonslondon.com/2024/07/10/what-does-a-labour-government-mean-for-your-money/) - With a new labour government, there could be significant changes to taxes, capital gains, and pensions based on their historical positions and recent policy proposals. It’s important to keep an eye on specific manifesto commitments and policy announcements for detailed plans. Consulting with Robinsons to understand and plan for any potential changes. - [What (and when) should you be filing to HMRC](https://www.robinsonslondon.com/2017/11/09/what-and-when-to-submit-to-hmrc/) - Registering with the Tax Authorities This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you need to know about satisfying HMRC and steering clear of any unwanted penalties and fines. A significant task for the new business owner is ensuring - [Companies House 134% fee increase](https://www.robinsonslondon.com/2024/06/12/companies-house-134-fee-increase/) - Companies House 134% fee increase Companies House has given notices of a rise in its fees and the costs of Registration of an Overseas Entity have increased by 134%. Who realised that there is a cost to remove an Entity from the ROE? The fees for Companies House services and filings are increasing - [Pensions](https://www.robinsonslondon.com/2024/06/10/pensions/) - With the next general election looming ever faster on the 4th July, the topic of pensions has been of high concern and discussion. State and private pensions make up the vast majority of income for those over the state pension age. There is therefore intense political interest in how previous (or proposed) pensions reforms affect - [Microchips](https://www.robinsonslondon.com/2024/06/10/microchips/) - A new law for Cat owners to microchip their pets has come into effect as of the 10th June making it compulsory, or face a £500 fine. Here is what you need to know about the new requirements. There are more than nine million pet cats in England - but as many as - [Companies House Changes](https://www.robinsonslondon.com/2024/05/08/companies-house-changes/) - From 3 March 2024, Companies House expects to enact its new powers under the Economic Crime and Corporate Transparency Act to query information provided to its Register. You can expect: Stronger checks on company names. New rules for registered office addresses which will mean all companies must have an appropriate address at all times. Companies will - [Inheritance Tax](https://www.robinsonslondon.com/2024/05/08/inheritance-tax/) - How Inheritance Tax works Inheritance Tax is one of the most hated taxes in the UK. We explain how it works, whats applicable and how to avoid or reduce paying it. It is charged at 40 per cent on assets above the inheritance tax threshold when people die. In the United Kingdom, inheritance tax - [Car Tax Increase](https://www.robinsonslondon.com/2024/04/10/car-tax-increase/) - Car Tax - another unexpected rise that’s gone under the radar, increased on 1st April 2024. The Spring Budget statement last month that fuel duty would remain frozen for a fourteenth consecutive year - and the 5p cut on tax on petrol and diesel would remain for another 12 months for drivers and businesses. But while the - [State Pensions](https://www.robinsonslondon.com/2024/04/10/state-pensions/) - As of 8th April, there has been an 8.5 per cent increase to state pensions, making the new headline rate £221.20 a week - up £902 a year to around £11,500. Chancellor Jeremy Hunt has also said the Conservative Party will keep the triple lock system to decide rises in the state pension if they win - [Spring Budget 2024](https://www.robinsonslondon.com/2024/03/06/spring-budget-2024/) - Spring Budget 2024 On Wednesday 6 March, chancellor Jeremy Hunt delivered his Spring Budget 2024, only three and a half months after his Autumn Budget 2023. He presented updated forecasts from the Office for Budget Responsibility, reflecting recent economic developments. This was the last budget, and possibly the final fiscal event, before the general - [Payrolling of Benefit In Kind](https://www.robinsonslondon.com/2024/02/06/payrolling-of-benefit-in-kind/) - How to register for payrolling benefits and expenses If you’re intending to payroll benefits and expenses, you must register them with HMRC using the payrolling employees taxable benefits and expenses online service. You must do this before the start of the tax year. Using the online service for payrolling benefits and expenses means that you will not have - [HMRC Tax Simplification Update Jan 2024](https://www.robinsonslondon.com/2024/02/06/hmrc-tax-simplification-update-jan-2024/) - HMRC have announced a package of measures intended to simplify and modernise the tax system. These include mandating the payrolling of Benefits In Kind, from April 2026, and allowing parents who do not claim Child Benefit to obtain a National Insurance credit. Mandatory payrolling of Benefits In Kind (BIKs) Payrolling BIKs, to report - [Diverted Profits Tax](https://www.robinsonslondon.com/2024/02/06/diverted-profits-tax/) - Policy objective The main objective of the diverted profits tax is to counteract contrived arrangements used by large groups (typically multinational enterprises) that result in the erosion of the UK tax base. Who is likely to be affected? Large multinational enterprises with business activities in the UK who enter into contrived arrangements to - [Diminishing Shared Ownership](https://www.robinsonslondon.com/2024/02/06/diminishing-shared-ownership/) - What Is It? A diminishing shared ownership agreement is also a means of purchasing an asset without the use of a loan, but in this case ownership of the asset will only pass to the purchaser in stages, not at the commencement of the agreement. Such an agreement normally involves the intending purchaser acquiring a - [Capital Gains Tax Simplification Consultation](https://www.robinsonslondon.com/2024/02/06/capital-gains-tax-simplification-consultation/) - HMRC has launched a consultation ‘Tax Simplification for Alternative Finance’. This explores proposals to address the difference in Capital Gains Tax (CGT) treatment when property is refinanced using alternative, rather than conventional, finance methods. Background Alternative finance arrangements are a method of raising finance that typically involves the sale, purchase and renting of assets - [Selling Online and Paying Taxes](https://www.robinsonslondon.com/2024/01/09/selling-online-and-paying-taxes/) - Selling online and paying taxes - yes that includes sites like Vinted and Ebay. New rules came into effect from January 1, 2024 for online selling platforms which could affect you even if you are selling second hand bits and bobs. These rules will mean online selling platforms such as Vinted, Airbnb, Ebay and - [2024 New Year Updates](https://www.robinsonslondon.com/2024/01/09/2024-new-year-updates/) - New Year new start? Below are just a few of the rises and falls of 2024 that you need to be aware of: National Insurance Lowered The new tax rules aren't the only regulatory changes we will see money wise, as post January 6 the main rate of national insurance will go down by - [Dividends vs Salary](https://www.robinsonslondon.com/2023/12/12/dividends-vs-salary/) - Dividends vs Salary: Which is the better choice for company directors? Dividends vs Salary is a common question we get from company directors and limited companies. As a business owner, your business finances and personal finances need to remain separate. Although it may seem possible, you can’t simply dip into your business’s earnings whenever - [10 Top Tips For Businesses At Christmas](https://www.robinsonslondon.com/2023/12/12/10-top-tips-for-businesses-at-christmas/) - Chase Late Payments Seems obvious, but is actually a smart move and Christmas is a great excuse to do it. Offices shut down over the Christmas period, so late payments are unlikely to get seen too until the New Year. You don’t want to end up with late payment fees or damage business relationships. - [Autumn Budget 2023](https://www.robinsonslondon.com/2023/11/23/autumn-budget-2023/) - In the Autumn Budget 2023, the UK Chancellor Jeremy Hunt announced plans to reduce debt and cut taxes, with the Office for Budget Responsibility (OBR) assessing that these measures will lower inflation and boost GDP. In part, the Conservatives are trying to rebuild their reputation in the lead up to the next general election. The - [Landmark Decision for Private Residence Relief](https://www.robinsonslondon.com/2023/11/07/landmark-decision-for-private-residence-relief/) - In a significant legal victory for taxpayers, the First Tier Tribunal (FTT) ruled in favour of Gerald and Sarah Lee in their dispute with HMRC regarding Private Residence Relief (PRR) for a replacement property. The decision, handed down in the case of Gerald and Sarah Lee v HMRC [2022] TC 8502, has far-reaching implications for - [Understanding Private Residence Relief: A Guide for Homeowners](https://www.robinsonslondon.com/2023/11/07/understanding-private-residence-relief-a-guide-for-homeowners/) - Private Residence Relief (PRR) is a crucial component of the UK's tax system, providing homeowners with relief from Capital Gains Tax (CGT) when selling their primary residence. This relief is designed to acknowledge the special significance of a person's primary residence and the financial implications of selling it. In this article, we will delve - [The Capital Gains Tax Conundrum](https://www.robinsonslondon.com/2023/11/07/the-capital-gains-tax-conundrum/) - For over half a century, the application of capital gains rules has been a contentious issue, leading to potentially huge refunds for taxpayers. This long-standing oversight, which has persisted for 58 years, warrants a thorough examination of the underlying reasons and implications. In this article, we will delve into the historical context, explore the unintended - [Car Insurance Premiums Increase](https://www.robinsonslondon.com/2023/10/10/car-insurance-premiums-increase/) - You may not be renewing your car insurance just yet, but it’s worth being prepared for what is likely to be a potential shock. Car insurance customers have become the new victims of UK inflation after the latest figures showed premiums up 43% on last year. On top of spiralling mortgage and supermarket costs, May's data from - [Investment Bonds & Tax](https://www.robinsonslondon.com/2023/10/09/investment-bonds-tax/) - Common questions we receive are often about Investment Bonds and Tax. Are Investment Bonds taxed under Capital Gains Tax? What is a chargeable event gain and how is it calculated? How do notional tax credits work? How do Investment Bonds held in Trusts work? Does Inheritance Tax apply? We delve into Inheritance Bonds and - [Property Hybrid Partnership Scheme](https://www.robinsonslondon.com/2023/10/09/property-hybrid-partnership-scheme/) - The Property Hybrid Partnership is a much-publicised scheme being marketed as a tax planning option for individual property landlords which is being referred to as a Property Hybrid Partnership or ‘hybrid business model’. HMRC have published information regarding a tax avoidance scheme for Landlords that is being promoted. HMRC’s view is that the Property Hybrid - [Corporation Tax](https://www.robinsonslondon.com/2023/09/11/corporation-tax/) - From 1 April 2023, there are two different Rates of Corporation Tax: the Main Rate and Small profits rates. The company tax year, known as a 'Financial Year' (FY), starts on 1 April. For FY 2023 (from 1 April 2023) the Main rate is 25% and the Small Profits rate is 19%. For FY2017-FY2022, there was a single 19% - [ULEZ Loophole](https://www.robinsonslondon.com/2023/09/11/ulez-loophole/) - ULEZ Loophole: Motorists who drive high-polluting vehicles inside the newly expanded zone brings a welcome relief to the self-employed A ULEZ loophole for self-employed motorists is creating a welcome relief to many a tradesman in the UK. ULEZ is London’s newly expanded ultra-low emission zone that came into effect on 29th August 2023, of which - [Managing Cash Flow](https://www.robinsonslondon.com/2023/08/10/managing-cash-flow/) - Here are some tips on managing cash flow: MONITOR Monitoring and managing cash flow closely. Pay close and regular attention to all the metrics mentioned earlier, in “Metrics to Measure.” All of these measurements should be things that you and/or your chief financial officer have access to fairly quickly and easily. PROJECT Make - [Interest Rates](https://www.robinsonslondon.com/2023/08/07/interest-rates/) - The changes in the Bank of England interest rates are hitting not just households in the UK, but business rates and services are inevitably going up too. What we once paid suppliers for their services have (unsurprisingly) increased, so have late payments to HMRC. So inevitably the cost of running a business as a whole, - [Tax Differences Between a Trade, a Business or an Investment](https://www.robinsonslondon.com/2023/07/11/tax-differences-between-a-trade-a-business-or-an-investment/) - Starting in business or running one? Is your new or existing business a trade, a business or an investment activity? The differences between a trade, business and investment is very important for tax purposes. This guide runs through key issues for tax purposes. The nature of the business activity carried on by a sole - [Why it’s more important than ever to do your Tax Return in good time](https://www.robinsonslondon.com/2018/06/06/tax-return-time/) - It’s more important than ever to do your Tax Return in good time The tax year is already well underway and most clients have got their information to us by 30 September so that we can advise them in good time of their liabilities. Planning for upcoming liabilities and avoiding a big surprise in - [Fifth SEISS Grant](https://www.robinsonslondon.com/2021/08/02/fifth-seiss-grant-2/) - The fifth SEISS grant for Self-employed taxpayers is now open for applications , but you may need to provide two different turnover figures from your business as part of your application. The portal to apply for the fifth self-employed income support scheme (SEISS) grant opened on 29 July, but not everyone can apply at - [2016/17 Tax Planning Guide](https://www.robinsonslondon.com/2016/02/26/tax-planning-guide-2016/) - Tax Planning for the New Tax Year 5th April 2016 Your guide to the year-end tax planning and beyond Action required before 6 April 2016 While some of us like to keep our options open and only ever plan as far as the new weekend in our lives, unfortunately with tax that approach doesn't work. - [Year End Tax Planning Guide 2017-18](https://www.robinsonslondon.com/2017/03/02/year-end-tax-planning-guide-2017/) - Tax Planning for the New Tax Year 5th April 2017 Your guide to year-end tax planning and beyond Action required before 5 April 2017 While some of us like to keep our options open and only ever plan as far as the new weekend in our lives, unfortunately with tax that approach doesn't work. Thinking ahead - [Accounting and bookkeeping for small business – a small business accounting guide](https://www.robinsonslondon.com/2017/10/27/accounting-and-bookkeeping-for-small-business-a-business-owners-guide/) - Accounting & Bookkeeping This post is just one part of a 12-part small business accounting guide to setting up a new business. Download the full business set-up guide to discover everything you need to know about satisfying HMRC and steering clear of any unwanted penalties and fines. Most operators of a new and growing business have - [What type of business should you register?](https://www.robinsonslondon.com/2017/10/27/what-type-of-business-should-you-register/) - Selecting a legal entity for your business This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you need to know about satisfying HMRC and steering clear of any unwanted penalties and fines. One of the first major decisions you have - [VAT for SMEs – do you need to register?](https://www.robinsonslondon.com/2017/11/23/vat-for-smes-do-you-need-to-register/) - Value Added Tax This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you need to know about satisfying HMRC and steering clear of any unwanted penalties and fines. VAT is a tax on consumer expenditure and is ultimately paid by - [How to set up payroll taxes and pensions for your new business](https://www.robinsonslondon.com/2017/11/30/how-to-set-up-payroll-taxes-and-pensions-for-your-new-business/) - Payroll Taxes and Pensions This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you need to know about satisfying HMRC and steering clear of any unwanted penalties and fines. Irrespective of the form of business in which you operate, if - [Getting finance for your new business venture](https://www.robinsonslondon.com/2017/12/21/getting-finance-for-your-new-business-venture/) - Obtaining Credit and Financing Your Business This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you need to know about satisfying HMRC and steering clear of any unwanted penalties and fines. If not independently wealthy and perhaps even if you - [Cash planning: How to make sure your new business doesn’t go bust](https://www.robinsonslondon.com/2017/12/14/cash-planning-how-to-make-sure-your-new-business-doesnt-go-bust/) - Cash Planning and Forecasting This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you need to know about satisfying HMRC and steering clear of any unwanted penalties and fines. Cash is King! The lifeblood of any business is its ability - [Income Tax and Corporation Tax](https://www.robinsonslondon.com/2017/12/07/income-tax-and-corporation-tax-how-to-pay-yourself-when-youre-up-and-running/) - Income Tax and Corporation Tax This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you need to know about satisfying HMRC and steering clear of any unwanted penalties and fines. Eventually, you will have to deal with income or corporate - [What insurance does your new business need in place?](https://www.robinsonslondon.com/2017/12/28/what-insurance-does-your-new-business-need-in-place/) - Insurance This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you need to know about satisfying HMRC and steering clear of any unwanted penalties and fines. Business insurance, like many types of expenditure, is one of those items that business - [Choosing the right advice for your business](https://www.robinsonslondon.com/2018/01/03/choosing-the-right-advice-for-your-business/) - Selecting Professional Advisers This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you need to know about satisfying HMRC and steering clear of any unwanted penalties and fines. Starting your own business obviously entails a multitude of decisions which can - [How to keep track of your accounting online and on your laptop](https://www.robinsonslondon.com/2018/01/10/how-to-keep-track-of-your-accounting-online-and-on-your-laptop/) - Computer Accounting Systems for First Time Users This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you need to know about satisfying HMRC and steering clear of any unwanted penalties and fines. Introduction This chapter is intended to alert the - [The SMEs little black book: Key contacts every small business should know](https://www.robinsonslondon.com/2018/01/17/the-smes-little-black-book-key-contacts-every-small-business-should-know/) - Useful Names, Addresses and Telephone Numbers This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you need to know about satisfying HMRC and steering clear of any unwanted penalties and fines. Name Address Tel No H M Revenue & Customs - [Year End Tax Planning Guide 2018-19](https://www.robinsonslondon.com/2018/03/01/year-end-tax-planning-guide-2018/) - Tax Planning for the New Tax Year 5th April 2018 Your guide to the year-end tax planning and beyond Action required before 6 April 2018 While some of us like to keep our options open and only ever plan as far as the new weekend in our lives, unfortunately with tax that approach doesn't work. - [Making Tax Digital VAT Guide](https://www.robinsonslondon.com/2018/08/10/making-tax-digital-vat-guide/) - MTD for VAT is now the law Our Making Tax Digital VAT guide let us help your business navigate MTD Making Tax Digital VAT Guide: MTD for VAT – now required for VAT return periods beginning on or after 1 April 2019 HMRC is phasing in its landmark Making Tax Digital (MTD) regime in April 2019. - [Personal tax allowance and basic rate band increases ](https://www.robinsonslondon.com/2018/11/06/personal-tax-allowance-and-basic-rate-band-increases/) - Personal tax changes - allowance and basic rate band increases At the Budget, the Chancellor announced that increases to the personal tax allowance and basic rate band for 2019/20. The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Also for 2019/20, the basic rate band will be increased to - [Employee gifts: Making sure they are tax-free](https://www.robinsonslondon.com/2019/12/10/employee-gifts-making-sure-they-are-tax-free/) - Employee gifts: Making sure they are tax-free Employee gifts... Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee. A tax exemption is available which should help employers ensure that the benefits provided are exempt - [Company car fuel rates: Advisory fuel rates](https://www.robinsonslondon.com/2019/12/10/company-car-fuel-rates-advisory-fuel-rates/) - Company car fuel rates: Advisory fuel rates New company car advisory fuel rates have been published which took effect from 1 December 2019. The guidance states: 'You can use the previous rates for up to one month from the date the new rates apply'. The rates only apply to employees using a company car. - [Tax scams: Self Assessment avoidance tips (HMRC)](https://www.robinsonslondon.com/2019/12/10/tax-scams-self-assessment-avoidance-tips/) - Tax scams: HMRC offers tips on avoiding Self Assessment scams HMRC is giving information to taxpayers to help them avoid scams ahead of the Self Assessment deadline. HMRC is warning millions of Self Assessment taxpayers to be aware of fraudsters in the run up to the 31 January deadline. Over the last year, HMRC - [Check employment status for tax tool update](https://www.robinsonslondon.com/2019/12/10/check-employment-status-for-tax-tool-update/) - Check employment status for tax tool update HMRC has issued an update to the Check employment status tool (CEST) in advance of the introduction of new tax rules proposed for individuals who provide their personal services via an 'intermediary' to a medium or large business. The tool is designed to give HMRC's view of - [HMRC crypto guidance published](https://www.robinsonslondon.com/2019/12/10/hmrc-issues-guidance-on-cryptoassets/) - HMRC crypto guidance HMRC has published crypto guidance for people who hold cryptoassets, typically cryptocurrency or Bitcoin, explaining what taxes they may need to pay and what records they need to keep. HMRC has also published further information for businesses and companies about the tax treatment of cryptoasset transactions. HMRC advises that these papers - [Research and Development spend](https://www.robinsonslondon.com/2019/12/10/research-and-development-spend/) - Research and Development spend The Office for National Statistics (ONS) has revealed that UK businesses Research and Development (R&D) spend was £25 billion in 2018. Data from the ONS showed that total R&D expenditure increased from £23.7 billion in 2017 to £25 billion in 2018. The report showed: the aerospace industry saw the largest - [Minimum wage rates announced](https://www.robinsonslondon.com/2020/01/13/minimum-wage-rates-announced/) - The government has announced a 6.2% increase in the National Living Wage (NLW), which applies to workers aged 25 and over. From 1 April 2020 the NLW will rise from the current rate of £8.21 to £8.72 an hour, in the largest raise since it was introduced two decades ago. The government has confirmed that - [Review of the Disguised Remuneration Loan Charge](https://www.robinsonslondon.com/2020/01/13/review-of-the-disguised-remuneration-loan-charge/) - Review of the Disguised Remuneration Loan Charge The government has announced it will make a number of changes to the loan charge rules, in response to Sir Amyas Morse's independent review of the loan charge policy and its implementation. The government has announced the following key changes to the loan charge: the loan charge will - [Chancellor commits to review of IR35](https://www.robinsonslondon.com/2020/01/13/chancellor-commits-to-review-of-ir35/) - Chancellor commits to review of IR35 The Chancellor of the Exchequer, Sajid Javid has announced that the major review of all aspects of self-employment, promised in the Conservatives' manifesto, will include the proposed extension of the Off-Payroll working rules to the private sector from April 2020. Speaking on Radio 4's Money Box Election Special, Sajid - [Guidance on Structures and Buildings Allowance](https://www.robinsonslondon.com/2020/01/13/guidance-on-structures-and-buildings-allowance/) - Guidance on Structures and Buildings Allowance The latest HMRC Agent Update includes guidance on the Structures and Buildings Allowance (SBA). This capital allowance is designed to provide tax relief for businesses and to support investment in constructing new structures and buildings and improving existing ones. The SBA relieves the construction costs for new structures and - [Call for review of High Income Child Benefit Charge](https://www.robinsonslondon.com/2020/01/13/call-for-review-of-high-income-child-benefit-charge/) - Call for review of High Income Child Benefit Charge The Low Incomes Tax Reform Group (LITRG) is calling on the government to address issues with the High Income Child Benefit Charge (HICBC). The HICBC is designed to claw back child benefit where the claimant or their partner earns in excess of £50,000. According to LITRG - [Self assessment deadline approaching](https://www.robinsonslondon.com/2020/01/13/self-assessment-deadline-approaching-2/) - Self assessment deadline approaching The deadline for submitting your 2018/19 self assessment return is 31 January 2020. The deadline applies to taxpayers who need to complete a tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 National Insurance Contributions (NIC), capital gains tax and High Income - [Current list of deliberate tax defaulters](https://www.robinsonslondon.com/2020/01/13/current-list-of-deliberate-tax-defaulters/) - Current list of deliberate tax defaulters HMRC publishes current list of deliberate tax defaulters, those people who have received penalties either for: deliberate errors in their tax returns or deliberately failing to comply with their tax obligations. Internet link: GOV.UK deliberate defaulters ROBINSONS LONDON ACCOUNTANTS – ACCOUNTING DONE DIFFERENTLY At Robinsons we work hard to understand, - [Retiring clinicians payments](https://www.robinsonslondon.com/2020/01/14/retiring-clinicians-payments/) - Retiring clinicians payments The Secretary of State has confirmed that the commitments being entered into, to make payments to clinicians affected by annual allowance pension tax, will be honoured when clinicians retire. In a written statement Matt Hancock, Secretary of State for Health and Social Care stated: 'I have agreed to support this proposal from - [Welsh government publishes Draft Budget](https://www.robinsonslondon.com/2020/01/14/welsh-government-publishes-draft-budget/) - Welsh government publishes Draft Budget The Welsh government has published its Draft Budget, setting out revenue raising and capital spending plans for 2020/21. The Draft Budget confirms no changes are proposed to Welsh income tax rates, or Land Transaction Tax rates and bands. The Draft Welsh spending plans for the longer term will depend on - [Brexit - transition period](https://www.robinsonslondon.com/2020/02/13/brexit-transition-period/) - Brexit - transition period The leaders of the UK and European Union signed the Withdrawal Agreement, and the UK left the EU on 31 January 2020. However the UK is now in the transition or implementation period during which time it is 'business as usual' as the UK is covered by EU rules until - [Budget Day 11 March ](https://www.robinsonslondon.com/2020/02/13/budget-day-11-march/) - Budget Day 11 March UPDATE - 13th February 2020 Following Mr Javid's resignation amidst the Prime Minister's cabinet reshuffle on the 13th February, the 2020 Budget will now be delivered by the newly appointed Chancellor Rishi Sunak. 'I am honoured to be appointed as Chancellor of the Exchequer. My predecessor and good friend Saj did - [A decade of bizarre excuses and expense claims](https://www.robinsonslondon.com/2020/02/13/a-decade-of-bizarre-excuses-and-expense-claims/) - A decade of bizarre excuses and expense claims Vengeful witches and pet hamsters feature in HMRC's list of imaginative excuses and expense claims, which has been published in the run up to the self assessment deadline. HMRC has compiled a list of the weirdest unsuccessful excuses from the last decade. The list includes one taxpayer who - [Off-payroll working](https://www.robinsonslondon.com/2020/02/13/off-payroll-working/) - Off-payroll working HMRC has now published draft secondary legislation for the off-payroll working rules that are due to come into force in April this year. In 2017, HMRC introduced new off-payroll rules to the public sector, which saw some contractors' net income cut significantly. HMRC also shifted the responsibility for compliance from individual contractors to - [Tax relief on professional fees and subscriptions](https://www.robinsonslondon.com/2020/02/13/tax-relief-on-professional-fees-and-subscriptions/) - Tax relief on professional fees and subscriptions Employees are allowed to claim tax relief on their annual professional fees or subscriptions to some HMRC approved professional organisations. The costs are tax deductible generally where the individual must have membership to do their job or it is helpful for their work. Where the fees are paid by - [New right to paid parental bereavement leave](https://www.robinsonslondon.com/2020/02/13/new-right-to-paid-parental-bereavement-leave/) - New right to paid parental bereavement leave The government has confirmed that parents who suffer the loss of a child will be entitled to two weeks' statutory leave. Under the new entitlement working parents who lose a child under the age of 18 will get two weeks' statutory leave and where they meet the necessary - [Changes to overdraft fees](https://www.robinsonslondon.com/2020/02/13/changes-to-overdraft-fees/) - Changes to overdraft fees The Financial Conduct Authority (FCA) has confirmed it will introduce new rules in April this year that it says will make the costs of overdrafts clearer and easier to compare. The rules will mean banks can only charge for overdraft users a simple annual interest rate – without additional fees and - [Coronavirus sick pay: 'Day one' Statutory Sick Pay](https://www.robinsonslondon.com/2020/03/06/coronavirus-sick-pay-day-one-statutory-sick-pay/) - Coronavirus measure: Statutory Sick Pay from 'day one' The Prime Minister, Boris Johnson, has announced that when it comes to Coronavirus, sick pay entitlement for employees will begin from day one. This means employees will be entitled to Statutory Sick Pay (SSP) from day one when self-isolating rather than having to wait until day - [Off-payroll working rules to go ahead from April 2020](https://www.robinsonslondon.com/2020/03/06/off-payroll-working-rules-to-go-ahead-from-april-2020/) - Review confirms off-payroll working rules to go ahead from April 2020 The government has confirmed that reforms to off-payroll working rules for the private sector will go ahead from 6 April 2020. The off-payroll rules have applied to the public sector since 2017 and the government has carried out a review of the roll-out - [Advisory fuel rates for company cars](https://www.robinsonslondon.com/2020/03/06/advisory-fuel-rates-for-company-cars-4/) - Advisory fuel rates for company cars New advisory fuel rates for company car have been published which take effect from 1 March 2020. The guidance states: 'You can use the previous rates for up to one month from the date the new rates apply'. The advisory fuel rates for company cars only apply to - [Tax efficient investments ahead of the tax year end](https://www.robinsonslondon.com/2020/03/09/tax-efficient-investments-ahead-of-the-tax-year-end-2/) - Don't forget to make tax efficient investments ahead of the tax year end With the end of the tax year looming there is still time to save tax for 2019/20. Make full use of your ISA allowance - ISAs can offer a useful tax free way to save, whether this is for your children's - [Business support packages for Covid-19](https://www.robinsonslondon.com/2020/04/09/business-support-packages-covid19/) - Chancellor's business support packages for coronavirus pandemic On 17 March, Chancellor Rishi Sunak unveiled a £330 billion worth of business support packages for the UK economy as it combats the COVID-19 pandemic. The measures dwarf the £12 billion made available in the 2020 Budget. The package includes an increase in government-backed loans, higher cash - [The Winter Economy Plan](https://www.robinsonslondon.com/2020/09/29/the-winter-economy-plan/) - Here at Robinsons, we can help you check your eligibility and get you on board the scheme that works for you, and your business needs. Speak to the team today and let's get you back to business... Chancellor Rishi Sunak unveiled the government’s plan to protect jobs and support businesses over the coming months. With - [HMRC Business Support During November Lockdown](https://www.robinsonslondon.com/2020/11/02/hmrc-business-support-during-november-lockdown/) - Keep your business moving, with Robinsons. We can help you check your eligibility and get you on board the scheme that works for you, and your business needs. Plans for a new four-week lockdown across England - to try to keep coronavirus under control - has been announced by Prime Minister Boris Johnson. With your business - [We Talk Tiers and HMRC Updates This December](https://www.robinsonslondon.com/2020/11/30/we-talk-tiers-and-hmrc-updates-this-december/) - With Lockdown coming to an end, we talk "Tiers" and the latest government updates this December. The new Tier system comes into effect across the country on Wednesday 2nd December. We go through the key updates in a snapshot... Sets out the local restriction tier system that will be in place from Wednesday 2 - [Top 10 Reasons To Outsource This Christmas](https://www.robinsonslondon.com/2020/11/30/top-10-reasons-to-outsource-this-christmas/) - 1: Save more for your Christmas Break Outsourcing accounting services should be more affordable than hiring someone in-house or doing it yourself around family commitments. We harness the latest technology to save more time and money which we pass onto you as direct savings! 2: Delegate to the elves We have the processes in - [Lockdown 3.0 NEW Support Grants & Extensions: Are you Eligible?](https://www.robinsonslondon.com/2021/01/05/lockdown-3-0/) - Last night, England entered its third national lockdown after Boris Johnson shut schools and imposed the toughest restrictions in March in an attempt to stem surging coronavirus infections. An end date to the lockdown has yet to be established, which we know delivers considerable uncertainty for many businesses. With your business circumstances in mind we have highlighted the core - [Getting your business fighting fit for 2021](https://www.robinsonslondon.com/2021/02/01/getting-your-business-fighting-fit-for-2021/) - So far, the new year has presented a variety of challenges for business owners. Nationally, trade has fallen as a result of the third lockdown, the number of furloughed employees has substantially increased, and the implications of Brexit have caused disruption to many supply chains - and all of this within a matter of weeks. - [The Brexit Transition](https://www.robinsonslondon.com/2020/12/29/the-brexit-transition/) - The UK has left the EU and with the transition period coming to an end on 1st January 2021, it’s more important than ever, that businesses are ready for the impact that Brexit will have on their future. With guidance directly from HMRC, we have highlighted a key checklist for your business.* *The following is based - [The Budget 2021](https://www.robinsonslondon.com/2021/03/03/the-budget-2021/) - The Budget 2021 Today Chancellor Rishi Sunak announced the 2021 Budget in the House of Commons. Below we have highlighted the key points of his announcement. "This budget meets the moment with a three-part plan to protect the jobs and livelihoods of the British people," Rishi Sunak tells the Commons. "First, we will continue doing - [Increased Minimum Wage](https://www.robinsonslondon.com/2021/04/06/minimum-wage/) - Millions of workers in all parts of the UK will receive a pay increase as minimum pay rates rise, with the age threshold reduced to 23 year olds Around two million of the UK’s lowest-paid workers will benefit from an increase in National Living Wage and National Minimum Wage. The National Living Wage has risen - [New Tax Year Changes](https://www.robinsonslondon.com/2021/04/06/new-tax-year/) - 12 important tax year changes kick in today. They include Universal Credit, Personal Independence Payments and Jobseeker's Allowance. Here are the changes coming into effect this month... Tax allowance The Personal Allowance is currently set at £12,500 for the 2020/2021 tax year. In 2021/2022, the Personal Allowance will rise by 0.5 percent to £12,570. - [Furlough Scheme Changes from 1st May](https://www.robinsonslondon.com/2021/05/05/furlough-scheme-changes-from-1st-may/) - The government has made a number of changes to how the Job Retention Scheme works for furloughed employees, which came into effect from 1st May 2021. At Robinsons North London Accountants, we can help you navigate these changes. Currently, employees cannot be furloughed if they were not employed past 30 October 2020, and - [Breathing Space for problem debt](https://www.robinsonslondon.com/2021/05/05/breathing-space/) - Residents in the UK struggling with debt problems will be supported through a new debt respite scheme, “Breathing Space”, launched by the government, which gives a 60-day respite period. The Treasury estimates that around 700,000 people struggling with problem debt will benefit from the launch of the new Breathing Space campaign. The scheme will - [Self-Employment Income Support Scheme](https://www.robinsonslondon.com/2021/06/03/fifth-seiss-grant/) - The Government is launching a fifth SEISS grant covering May 2021 to September 2021. The grant will be open to claims from late July 2021. It is taxable and will be paid out in a single instalment. Guidance for claiming the grant will be available by the end of June 2021. To be eligible for - [VAT Deferral Deadline](https://www.robinsonslondon.com/2021/06/03/vat-deferral-deadline/) - Businesses that deferred VAT payments last year have one month left to join online to pay in monthly instalments under the VAT Deferral New Payment Scheme, HM Revenue and Customs (HMRC) has said. The online portal for the new payment scheme closes on June 21, 2021. Jim Harra, HMRC’s Chief Executive, said: “Businesses - [Tax Relief: Working From Home](https://www.robinsonslondon.com/2021/07/05/tax-relief-working-from-home/) - Since April, almost 800,000 employees across all professions who have been working from home during the pandemic, have already claimed tax relief working from home on household related costs, HM Revenue and Customs has revealed. The saving is worth up to £125 per year for each employee, and eligible workers can claim the full year’s - [HMRC Phishing Scams](https://www.robinsonslondon.com/2021/07/05/hmrc-phishing-scams/) - Of the scams listed, the majority were tax rebate or refund scams which rose by 90% from 363,118 and 690,522 Reports of HMRC branded phishing scams have jumped from 572,029 to 1,069,522 in the last year – a surge of 87%- according data obtained by Lanop Outsourcing . The figures show that reports of suspected - [Corporation Tax Relief](https://www.robinsonslondon.com/2021/07/05/corporation-tax-relief/) - In the Budget 2021, the Chancellor announced a temporary extension to the carry back of trading losses from one year to 3 years, for losses up to £2,000,000 for accounting periods ending between 1 April 2020 and 31 March 2022. Losses must be set against profits of most recent years first before carry back - [Making Tax Digital Quarterly Submissions](https://www.robinsonslondon.com/2021/08/31/making-tax-digital-quarterly-submissions/) - Quarterly Submissions: How it Works From 6 April 2023, all unincorporated businesses and individual landlords are due to enter the Making Tax Digital for income tax (MTD ITSA). This start date for everyone is due to the switch from the current year basis, to the tax year basis. It is worth noting, there is a - [Making Tax Digital Basis Period Reform](https://www.robinsonslondon.com/2021/08/31/making-tax-digital-basis-period-reform/) - Basis Period Reform There are proposed changes to the basis period for Making Tax Digital rules that under discussion currently, which could result in some self-employed businesses being mandated into Making Tax Digital for Income Tax. Making Tax Digital for Income Tax Based on the current draft regulations, Making Tax Digital for Income Tax Self - [Making Tax Digital ITSA Delay](https://www.robinsonslondon.com/2021/10/04/making-tax-digital-itsa-delay/) - Making Tax Digital ITSA (Income Tax Self Assessment) mandation has been delayed again until April 2024. HMRC is nudging taxpayers again with letters about discrepancies between PAYE and benefits reported under RTI, and the details shown on their tax returns. The Financial Secretary to the Treasury released a written statement to the House of - [National Insurance Contributions Rise](https://www.robinsonslondon.com/2021/10/04/national-insurance-contributions-rise/) - An increase of 1.25% in National Insurance Contributions from 6 April 2022 has been outlined in ‘Building Back Better: Our Plan for Health and Social Care’ . The National Insurance Contributions rise increase will apply to: Class 1 (paid by employees) Class 4 (paid by self-employed) secondary Class 1, 1A and 1B (paid by - [Dividend Tax Rise & Rates](https://www.robinsonslondon.com/2021/10/04/dividend-tax-rises/) - The prime minister announced on 9th Sept 2021 a 1.25% Dividend Tax rise from 6 April 2022, and a rise in National Insurance Contributions (NICs) by way of a new Health and Social Care Levy. The government said the move would raise an additional £600m a year. The new dividend tax rates, which will apply - [Autumn Budget 2021](https://www.robinsonslondon.com/2021/11/03/autumn-budget-2021/) - On 27th October, Rishi Sunak announced the Autumn Budget 2021. Due to the scale of the economic damage, whilst Sunak acknowledged that the pandemic isn’t over, he said the Autumn Budget would be a starting point for a post-Covid ‘age of optimism’. He made major announcements on corporation tax, alcohol tax, minimum wage & airline - [Accounting Made Simple](https://www.robinsonslondon.com/2022/01/05/accounting-made-easy/) - Accounting can be time consuming - let's face facts. With the New Year finally upon us, we've taken the opportunity to make a list of small(!) changes we can all make, to help take the strain out of doing business accounts. Designed for freelancers and SME's, the Robinson's North London team are on hand to - [HMRC Self Assessment Deadline](https://www.robinsonslondon.com/2022/01/07/hmrc-self-assessment-deadline/) - HMRC Self Assessment Deadline Extension: Penalties Waived HMRC have announced on 6th January 2022 they are waiving late filing and late payment penalties for Self-Assessment taxpayers for one month this January 2022 – offering you extra time to complete your 2020 to 2021 tax return and pay any tax due. Of course, Robinsons along with - [Tax-Free Childcare](https://www.robinsonslondon.com/2022/02/02/tax-free-childcare/) - HMRC is reminding parents across the UK of the ‘Tax-Free Childcare’ initiative. A 20% childcare top-up providing eligible families with up to £500 every three months (that is up to £2000 per year, or £1,000 every 3 months if your child is disabled) This is designed to go towards the cost of holiday clubs, - [Making Tax Digital Registration Reform](https://www.robinsonslondon.com/2022/02/02/making-tax-digital_registration/) - In July 2020, the government published a 10-year strategy to build a trusted, modern tax administration system, including how taxpayers are identified and registered by HMRC. The government is seeking views on how and when taxpayers with new sources of self-employment or property income should start to interact with the tax system and whether - [Tax Rebate](https://www.robinsonslondon.com/2022/03/03/tax-rebate/) - “Tax rebate” is searched over 40,000 times a month. Why? Because there is a lack of clarity over what can be claimed, by who in which industries, and most importantly, how. A bit like PPI there’s always a company online who can do it for you… but at what cost? There is a tax - [Spring Statement 2022](https://www.robinsonslondon.com/2022/04/05/spring-statement-2022/) - Spring Statement – Key points The Spring Statement was announced at the end of March. Below we have condensed Rishi Sunak's announcement into key points that may affect you or your business. Cost of living The Spring Statement acknowledges the Consumer Prices Index inflation has risen to a 30-year high in recent months. - [Right To Buy](https://www.robinsonslondon.com/2022/05/04/right-to-buy/) - It has been suggested the government is considering relaunching Thatcher’s infamous Right To Buy scheme. The Right To Buy scheme helped nearly 2 million people in England buy their housing association properties and become home owners. In 1980, the flagship policy ‘Right To Buy’ Scheme was introduced and allowed tenants to buy their home - [Capital Gains Tax Changes](https://www.robinsonslondon.com/2022/05/04/capital-gains-tax/) - As discussed when we reported on the Autumn budget announcement, anyone selling a property is affected by changes to the Capital Gains Tax. Previously there was a window of 30 days for taxpayers to report gain and pay tax owed from selling a property. If the property was sold between 6th April 2020 to - [Cost of Living Support Scheme](https://www.robinsonslondon.com/2022/05/29/cost-of-living/) - The Cost of Living Support Scheme has been announced by Rishi Sunak. The cost of living in the UK has risen dramatically recently with millions of households struggling to make their incomes stretch to cover basic bills. The Chancellor made an announcement on 26th May detailing the Cost of Living Support Scheme - emergency - [Capital Gains Tax Vs Stamp Duty?](https://www.robinsonslondon.com/2022/06/06/capital-gains-tax-vs-stamp-duty/) - A survey on Capital Gains Tax vs. Stamp Duty was recently completed where four in ten people say that stamp duty should be scrapped completely and replaced with a capital gains tax on homeowners’ profits. While it shifts the tax burden from buyers to sellers who have profited from home ownership – this would - [Capital Gains Tax Explained](https://www.robinsonslondon.com/2022/06/27/capital-gains-tax-explained/) - Following several questions from our subscribers and clients regarding Capital Gains Tax, below is an 'At a glance' guide to Capital Gains Tax reliefs. What are the key Capital Gains Tax reliefs? Who do they apply to? When does Capital Gains Tax apply? What are the rates/bands? What are the exemptions? There are numerous - [Crypto Assets](https://www.robinsonslondon.com/2022/06/28/crypto-assets/) - Another common question from our clients - are cryptocurrency or crypto asset gains or profits, taxable under Capital Gains Tax? Can you obtain tax relief if you make losses on Bitcoin? In simple terms, gains on transactions in crypto assets are potentially taxable in the same way as other investments. At a glance HMRC - [HMRC Accounts 2021-2022](https://www.robinsonslondon.com/2022/07/23/hmrc-accounts-2021-2022/) - HMRC have published their Report and Accounts and other documents for 2021-22. HMRC accounts report revenues of £731.1 billion, a 20.1% increase since 2020-21, although 23.8% of this (£173.8 billion) remained unpaid at the year-end. Its audit was qualified due to high levels of error and fraud. Highlights of the HMRC accounts are: Increases - [FINANCE BILL 2022-2023](https://www.robinsonslondon.com/2022/07/23/finance-bill-2022-2023/) - The Finance Bill 2022-2023 draft legislation and policy papers have been released by the UK government. This draft legislation Finance Bill indicates what to expect with possible changes to renewing annual taxes, delivering new tax proposals and maintaining administration of the tax system. We take a look at just some of the key changes - [Cost of Living Changes August 2022](https://www.robinsonslondon.com/2022/08/08/cost-of-living-changes-august-2022/) - Cost of Living Changes August 2022 Inflation has soared above 9% in the UK - the highest in more than 40 years. While the energy price cap increase is expected to send annual household energy bills up to £4,000 for the average household. On Thursday the Bank of England announced that it was raising - [Hosepipe Ban](https://www.robinsonslondon.com/2022/08/12/hosepipe-ban/) - Hosepipe bans are in force in a number of areas across the country, and whilst we all know it could affect our homes, the question is, can it affect small businesses? Following the driest July in England since 1935, hosepipe bans have come in effect in Hampshire, the Isle of Wight Kent, Sussex, and - [WHAT IS DIGITAL TAX FILING](https://www.robinsonslondon.com/2022/08/30/what-is-digital-tax-filing/) - Self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for Making Tax Digital (MTD) for Income Tax from 6 April 2024 and submit digital tax filing, Some businesses and agents are already keeping digital records and providing updates to HMRC as part of a live pilot to - [Energy Price Cap](https://www.robinsonslondon.com/2022/08/30/energy-price-cap/) - On the 26th August the energy price cap was announced, and goes up again by 80% from 1st October 2022 for 24 million people in England, Scotland and Wales. If you’re on a default tariff and pay by direct debit, your bills will increase by £1,578 a year to £3,549. If you’re a prepayment customer, your - [Cost of Living Business Strategies](https://www.robinsonslondon.com/2022/09/07/cost-of-living-business-strategies/) - Cost of Living Business Strategies There are lots of tips out there for managing personal and business finances as the cost of living increases on what seems to be a weekly basis. Whilst we can all use our kettle less, and switch lights off, the burning question is what can we do as a - [Energy Bills To Freeze](https://www.robinsonslondon.com/2022/09/08/energy-bills-to-freeze/) - Energy bills to freeze according to the new PM Liz Truss who announced a £150 Billion bailout package. The bailout is designed to freeze the domestic energy bill cap on typical households at £2500* for the next 2 years. * Some household will use more energy and be billed more, so this is not a - [Emergency Budget and Mini Budget](https://www.robinsonslondon.com/2022/09/23/emergency-budget-and-mini-budget/) - The Emergency Budget and Mini Budget was announced today 23rd September by Chancellor Kwasi Kwarteng. His announcements come amid the Government’s growth plan vowing to break the ‘cycle of stagnation’ The 'Emergency Budget’ and Mini Budget has seen the biggest assault on the tax burden since 1972. Emergency Budget and Mini Budget In - [Start-Up Business Loans](https://www.robinsonslondon.com/2022/09/26/start-up-business-loans/) - Start-Up Business Loans The Start-up Business Loans scheme launched in 2012 is being extended according to Prime Minister Liz Truss and Jacob Rees-Mogg. An £884m loan scheme for new businesses is to be greatly expanded, delivering much needed finance to the UK’s array of innovative start-ups, Start-up Business Loans offer support and funding to - [Mini Budget U-Turn](https://www.robinsonslondon.com/2022/10/10/mini-budget-u-turn/) - Mini Budget U-Turn A dramatic mini budget U-Turn was witnessed last week. The Chancellor is reversing the plan to scrap the 45p top rate of income tax announced at the end of September in the Mini budget. This decision comes after several Tory MPs voiced their opposition to the proposed plan. Why? The government had - [Mini Budget Where are we now](https://www.robinsonslondon.com/2022/10/21/mini-budget-where-are-we-now/) - Mini Budget – Where are we now? Following a mini budget announcement that rocked the markets, the government made a dramatic u-turn. That mini budget has since had further u-turns, not to mention the latest turnaround in Prime Minister and Chancellor - it’s a struggle to keep up! Where are we now? On - [Autumn Budget 2022](https://www.robinsonslondon.com/2022/11/20/autumn-budget-2022/) - Autumn Budget 2022 The Autumn Budget 2022 has finally been announced by Jeremy Hunt on 17th November 2022 following a two-week delay and weeks of chaos following his predecessors’ announcements. It has been anticipated that the Autumn budget 2022 would feature a number of tax increases and budget cuts. From council tax bills and energy - [Phased Mandation of MTD](https://www.robinsonslondon.com/2022/12/21/phased-mandation-of-mtd/) - Phased Mandation of Making Tax Digital for ITSA Following a government announcement on 19th December 2022, Self-Employed individuals and landlords will have more time to prepare for Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA). The mandatory use of software is therefore being phased in from April 2026, rather than April 2024. - [Tax-Free Childcare](https://www.robinsonslondon.com/2022/12/21/tax-free-childcare-2/) - HMRC are reminding families to sign up for their Tax-Free Childcare. Families could save up to £2,000 a year towards their childcare costs. HMRC is urging thousands of other families to not miss the chance to save up to £500 every 3 months, or £1,000 if their child is disabled. Families can sign up to - [Tax-Deductible Christmas Gifts](https://www.robinsonslondon.com/2022/12/23/tax-deductible-christmas-gifts/) - Tax-Deductible Christmas Gifts & Expenses Accounting for Christmas Cards Cards are a festive tradition, although lots of organisations may choose to send digital greetings to minimise paper wastage - it is worth noting - if you decide to send cards, these can be recorded as a Tax-Deductible Christmas Gift and expense. Worth noting, that any - [Cost Of Living Payments](https://www.robinsonslondon.com/2023/01/09/cost-of-living-payments/) - In the Autumn Budget 2022 statement, the Chancellor announced a new Cost of Living Payments support package for 2023. The Department for Work and Pensions have now announced when the 2023/24 support payments will be paid. The Cost Of Living Payments are designed to help vulnerable households. We take a look at who is - [When Is The Spring Budget 2023](https://www.robinsonslondon.com/2023/01/09/when-is-the-spring-budget-2023/) - When Is the Spring Budget 2023? The Chancellor Jeremy Hunt has announced he will deliver his Spring Budget 2023 on 15th March 2023. In a written statement he said: “I can inform the House that I have asked the Office for Budget Responsibility (OBR) to prepare a forecast for March 15 2023 to accompany - [Dividend](https://www.robinsonslondon.com/2023/01/09/dividend/) - A step by step Dividend guide on how to pay and process for companies and their owners. At a Glance: If you are a shareholder, your company may distribute its profits to you by way of a dividend. Paying a Dividend has to follow a proper legal process otherwise the dividend will be - [Help For Households](https://www.robinsonslondon.com/2023/02/08/help-for-households/) - Help for Households is available and help is available for every household. You may have seen the government's national advertising campaign for 'Help For Households'. We've broken it down below - everything from income support, paying your tax bill, childcare and household costs. Help is available for every household, but if you are unsure - - [VAT Penalty Points](https://www.robinsonslondon.com/2023/03/07/vat-penalty-points/) - VAT penalty points came into effect on 1 January 2023; if you submit a VAT Return late (including nil payment returns) you will receive penalty points. The VAT default surcharge is being replaced by new penalties for returns that are submitted late and VAT which is paid late. The way interest is charged is - [Fuel Rates](https://www.robinsonslondon.com/2023/03/07/fuel-rates/) - HMRC have published new advisory fuel rates for company car drivers which will apply from 1 March 2023. This is a 'At a glance' guide to advisory fuel rates for company car drivers. The new fuel rates are: Engine size ____ Petrol ____ Diesel ____ LPG ____ Electric* 1,400cc or less 13p 10p 9p - [Corporation Tax 2023](https://www.robinsonslondon.com/2023/04/10/corporation-tax-2023/) - The Chancellor announced measures on Research & Development relief, Seed EIS, and extending Cultural Tax reliefs for Corporation Tax 2023 in his Spring 2023 Budget. Corporation Tax 2023: Research & Development (R&D) Additional Tax Relief for R&D intensive Small and Medium-sized enterprises (SMEs). From 1 April 2023: An increased tax credit of 14.5% - [Spring Budget 2023](https://www.robinsonslondon.com/2023/03/16/spring-budget-2023/) - The Spring Budget 2023 was announced on 15th March 2023, delivering key changes to Pensions, Childcare, Holiday Tax, Pothole funds and much more. Below we summarise the key points from the budget announcement and break it down into categories including: Households Duties Business The Chancellor Jeremy Hunt, opened the Spring Budget with a bold - [Capital Gains Tax 2023](https://www.robinsonslondon.com/2023/04/10/capital-gains-tax-2023/) - Capital Gains Tax 2023 is an important topic to understand, and many of our clients have asked for more information. The Chancellor announced the following measure affecting Capital Gains Tax in his Spring 2023 Budget. Capital Gains Tax 2023: Completion of unconditional contracts From April 2023: Certain time limits will be extended where there - [Sole Trader vs Limited Company](https://www.robinsonslondon.com/2023/05/08/sole-trader-vs-limited-company/) - Sole Trader vs Limited Company: Tax Differences & Savings (2023/24) Sole Trader vs Limited Company: Which is right for you? It is common question for startups. What are the key differences in running a business as a sole trader compared to as a company? This handy guide is designed to help you decide what route - [Expenses and Tax According to Trade](https://www.robinsonslondon.com/2023/05/09/expenses-and-tax-according-to-trade/) - Expenses and Tax According to Trade Part 1 Very common questions we receive – what can I claim on expenses? What tax reliefs are there according to my trade? The fact is, each trade has different expenses they can claim for, and there are different tax reliefs, so there is no blanket answer. Plus, - [The National Minimum Wage increases](https://www.robinsonslondon.com/2020/03/06/the-national-minimum-wage-increases/) - Minimum Wage increases The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees. Employers are liable to be penalised for not complying with the NMW and NLW rules. There are different levels of NMW and NLW, depending on age and whether the - [IFS calls to raise taxes in upcoming Budget](https://www.robinsonslondon.com/2020/03/06/ifs-calls-to-raise-taxes-in-upcoming-budget/) - IFS calls to raise taxes in upcoming Budget The IFS calls to raise taxes in upcoming Budget. The Institute for Fiscal Studies (IFS) has urged Chancellor Rishi Sunak to use the forthcoming Budget to raise taxes. The think tank stated that the Chancellor either needs to raise taxes or 'break a fiscal rule' in - [Employer guidance from HMRC](https://www.robinsonslondon.com/2019/12/10/employer-guidance-from-hmrc/) - Employer guidance from HMRC HMRC has issued Employer guidance in the latest Employer Bulletin. This issue includes articles on a number of areas including: guidance for employers on reporting PAYE information in real time when payments are made early at Christmas electronic payment deadline falls on a weekend Ultra Low Emission Vehicle High Income - [HMRC countdown to file your tax return](https://www.robinsonslondon.com/2019/11/05/hmrc-countdown-to-file-your-tax-return/) - HMRC countdown to file your tax return With less than 100 days until the self assessment tax return deadline of 31 January 2020, it's the HMRC countdown to file your tax return. HMRC is urging taxpayers to complete their tax returns early, in order to avoid the last minute rush. HMRC report that last year - [PPRR: Changes to Capital Gains Tax](https://www.robinsonslondon.com/2019/11/05/pprr-changes-to-captial-gains-tax/) - Special Report: Changes to Capital Gains Tax, private residence and lettings reliefs Home sweet home For many, owning and selling their own home is thought to be tax-free but, as always, tax is never quite as simple as that. Principal Private Residence Relief (PPRR) is a set of tax rules which are designed to ensure - [Budget will not now take place on 6 November](https://www.robinsonslondon.com/2019/11/05/budget-will-not-now-take-place-on-6-november/) - Budget will not now take place on 6 November On 25 October 2019 the Chancellor of the Exchequer Sajid Javid wrote to the Treasury Select Committee to confirm that the Budget will not now take place on 6 November 2019 as originally planned. You can read that letter here. We will keep you informed of - [Employer Bulletin: Guidance for employers](https://www.robinsonslondon.com/2019/11/05/guidance-for-employers/) - Employer Bulletin: Guidance for employers HMRC has published the October 2019 issue of the Employer Bulletin which contains guidance for employers. Topics in this edition include: Changes for UK employers sending workers to the EU, the EEA or Switzerland PAYE Settlement Agreements and Welsh rate of Income Tax Guidance for employers on reporting PAYE information - [Money Laundering non-compliance](https://www.robinsonslondon.com/2019/10/08/money-laundering-non-compliance/) - Money Laundering non-compliance HMRC has published details of businesses that have failed to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. HMRC is also advising that the published person may have changed their behaviour or no longer be based at the published address. Also that - [Experts warning over insolvency debts](https://www.robinsonslondon.com/2019/10/08/experts-warning-over-insolvency-debts/) - Experts warning over insolvency debts Prioritising HMRC over other creditors in insolvencies will have a 'negative impact on the UK's economic growth', experts have warned Chancellor of the Exchequer Sajid Javid. The warning was issued in a letter from 11 business organisations and insolvency experts to the Chancellor. Signatories of the letter include the - [Brexit-readiness events for business](https://www.robinsonslondon.com/2019/10/08/brexit-readiness-events-for-business/) - Brexit-readiness events for business The Department for Business has launched a nationwide programme of events to help businesses prepare for Brexit-readiness. The free events are designed to provide free advice on a range of Brexit-related topics, including exporting, importing and employing EU citizens. Attendees will also have the opportunity to hear from senior government - [No-deal Brexit: 'Major gaps' in guidance](https://www.robinsonslondon.com/2019/10/08/no-deal-brexit-major-gaps-in-guidance/) - No-deal Brexit: 'Major gaps' in guidance According to the British Chambers of Commerce (BCC) there are 'major gaps' in the government's no-deal Brexit guidance for UK businesses. The BCC carried out a review of official government no-deal Brexit guidance for businesses, and found that 31 of 36 critical areas are still marked amber or - [Inheritance tax: HMRC collects record amounts of IHT](https://www.robinsonslondon.com/2019/10/08/inheritance-tax-hmrc-collects-record-amounts-of-iht/) - Inheritance tax: HMRC collects record amounts of IHT The government has announced that HMRC collected a record sum of £5.4 billion in inheritance tax (IHT) during the 2018/19 tax year. The increase comes on the back of a 15% rise in the number of estates liable for IHT. Between 2015/16 and 2016/17, the number - [Senior clinicians' pensions consultation](https://www.robinsonslondon.com/2019/10/08/senior-clinicians-pensions-consultation/) - Senior clinicians' pensions consultation The government has launched a consultation on proposals to give senior NHS doctors and nurses access to more flexible clinicians' pensions. The proposals aim to offer senior clinicians more control over their pensions growth. The consultation follows reports that senior NHS clinicians pension tax charges are making them retire early or - [Loan Charge: Independent review begins](https://www.robinsonslondon.com/2019/10/08/loan-charge-independent-review-begins/) - Independent review of the Loan Charge The government has initiated a review of the Loan Charge and whether the policy is an appropriate way of dealing with disguised remuneration loan schemes used by individuals who entered directly into these schemes to avoid paying tax. Sir Amyas Morse, the former Comptroller and Auditor General and Chief - [VAT domestic reverse charge delayed](https://www.robinsonslondon.com/2019/10/08/vat-domestic-reverse-charge-delayed/) - VAT domestic reverse charge for building and construction services delayed HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services. The reverse charge represents part of a government clamp-down on VAT fraud. According to the government, large amounts of VAT are lost through 'missing - [Strong Customer Authentication](https://www.robinsonslondon.com/2019/09/09/strong-customer-authentication/) - Strong Customer Authentication The Financial Conduct Authority (FCA) has agreed a plan to give the payments and e-commerce industry extra time to implement Strong Customer Authentication (SCA). From 14 September 2019, new European Union (EU) rules apply that impact how banks or payment services providers verify their customers' identities and validate payment instructions. The - [HMRC latest guidance for employers](https://www.robinsonslondon.com/2019/09/09/hmrc-latest-guidance-for-employers/) - HMRC latest guidance for employers HMRC has published the latest edition of the Employer Bulletin. This guidance for employers, and their agents, includes articles on: Class 1A liabilities payable on Termination Awards and Sporting Testimonial Payments Off-payroll working rules from April 2020 Disguised Remuneration Seasonal Workers Contractors operating CIS – new VAT reverse charge - [Self assessment deadlines approaching](https://www.robinsonslondon.com/2019/09/09/self-assessment-deadlines-approaching/) - Self assessment deadlines approaching Two self assessment deadlines are approaching: 5th October 2019 For those individuals who have not previously completed a tax return but need to report a liability for 2018/19. 31st October 2019 For those individuals who have previously submitted 'paper' self assessment tax returns the deadline for the 2018/19 return is - [PAYE late filing and late payment penalties](https://www.robinsonslondon.com/2019/09/09/paye-late-filing-and-late-payment-penalties/) - PAYE late filing and late payment penalties HMRC has confirmed that it will continue its risk-based approach to payroll Real Time Information (RTI) PAYE late filing and late payment penalties this tax year. Rather than late filing and late payment penalties being issued automatically, HMRC will continue to issue them on a risk-assessed basis - [Advisory fuel rates for company cars](https://www.robinsonslondon.com/2019/09/09/advisory-fuel-rates-for-company-cars-3/) - Advisory fuel rates for company cars New advisory fuel rates for company cars have been published which take effect from 1 September 2019. The guidance states: 'You can use the previous rates for up to one month from the date the new rates apply'. The rates only apply to employees using a company car. - [Trusts and Estates with savings income](https://www.robinsonslondon.com/2019/09/09/trusts-and-estates-with-savings-income/) - Trusts and Estates with small amounts of savings income In the latest Trusts and Estates Newsletter HMRC has confirmed the continuation of the interim arrangement for interest reporting. In 2016 the requirement for payers to deduct tax at source on bank and building society interest was removed and income from these sources is now - [EORI numbers issued by HMRC for Customs](https://www.robinsonslondon.com/2019/09/09/eori-numbers-issued-by-hmrc-for-customs/) - EORI numbers issued for Customs by HMRC In order to try and ensure that businesses are ready to trade post-Brexit, HMRC is issuing Customs EORI numbers to businesses and automatically enrolling them in the customs system. HMRC has confirmed that more than 88,000 VAT-registered businesses across the UK will be allocated an Economic Operator - [ICAEW: Simplify apprenticeship funding](https://www.robinsonslondon.com/2019/09/09/icaew-simplify-apprenticeship-funding/) - ICAEW urges Governement to simplify apprenticeship funding The Institute of Chartered Accountants in England and Wales (ICAEW) has urged the government to simplify the complexities of accessing apprenticeship funding. The Apprenticeship Levy took effect from 6 April 2017 and changed the way in which apprenticeships are funded. Larger employers are required to pay a - [Updated guidance on spotting HMRC scammers](https://www.robinsonslondon.com/2019/08/02/updated-guidance-on-spotting-hmrc-scammers/) - Updated guidance on spotting HMRC scammers HMRC has updated their list of examples of websites, emails, letters, text messages, WhatsApp messages and phone calls used by HMRC scammers and fraudsters to obtain an individual's personal information. The guidance can be used to help you decide if a contact from HMRC is genuine and provides - [Wage growth at at highest since financial crisis](https://www.robinsonslondon.com/2019/08/02/wage-growth-at-at-highest-since-financial-crisis/) - Wage growth at highest since financial crisis Data published by the Office for National Statistics (ONS) has revealed that UK wage growth increased to 3.6% in the year to May 2019, the highest rate since the financial crisis in 2008. According to the ONS, wages have been rising faster than inflation since March 2018 - [New changes may cause VAT construction chaos](https://www.robinsonslondon.com/2019/08/02/new-changes-may-cause-vat-construction-chaos/) - VAT changes may cause construction chaos The Federation of Master Builders (FMB) is warning that a major change in the way that VAT is accounted for in the building and construction sector which takes effect later this year may cause chaos. The VAT domestic reverse charge for building and construction services applies from 1 - [Tax-free childcare: Working parents may be eligible](https://www.robinsonslondon.com/2019/08/02/tax-free-childcare-working-parents-may-be-eligible/) - Working parents may be eligible for tax-free childcare this summer The government is reminding working parents that they could ease this summer's childcare costs by using Tax-Free Childcare (TFC). The scheme is worth up to £2,000 a year for each child and allows parents to save regularly for childcare costs. For each £8 saved - [Private Residence Relief changes](https://www.robinsonslondon.com/2019/08/02/private-residence-relief-changes/) - Private Residence Relief changes The government published draft legislation for the next Finance Bill including draft clauses on the changes to Private Residence Relief (PRR). The draft legislation is subject to consultation which closes on 5 September 2019. Following consultation this Spring, changes are proposed to the Private Residence Relief (PRR) regime from April - [Distribution of assets: Insolvency hierarchy changes](https://www.robinsonslondon.com/2019/08/02/distribution-of-assets-insolvency-hierarchy-changes/) - Distribution of assets: Insolvency hierarchy changes From 6 April 2020, insolvency legislation will be amended to move HMRC up the creditor hierarchy for the distribution of assets in the event of insolvency by making HMRC a secondary preferential creditor in respect of certain tax debts held by a business (this includes individuals and partnerships) on behalf - [Digital Services Tax to be introduced from April 2020](https://www.robinsonslondon.com/2019/08/02/digital-services-tax-to-be-introduced-from-april-2020/) - Digital Services Tax from April 2020 From April 2020, the government will introduce a new 2% Digital Services Tax on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users. However, this only applies when the group's worldwide revenues from these digital activities are more than £500m - [Off payroll rules for the private sector](https://www.robinsonslondon.com/2019/08/02/off-payroll-rules-for-the-private-sector/) - Off payroll rules for the private sector The government has published the draft legislation for the next Finance Bill including the rules for off payroll working in the private sector. The legislation is open for consultation until 5 September 2019. The new rules will apply from April 2020 and the effect of these rules, - [Insurance Premium Tax: Consultation launched](https://www.robinsonslondon.com/2019/07/12/insurance-premium-tax-consultation-launched/) - Consultation on the operation of Insurance Premium Tax HMRC has launched a consultation to review the extent to which the emerging practices are leading to 'unfair tax outcomes' in the administration and collection of Insurance Premium Tax (IPT). HMRC's consultation document states: 'We have been made aware of business practices involving administration and arrangement - [UK Investment Support Directory](https://www.robinsonslondon.com/2019/07/12/uk-investment-support-directory/) - The UK Investmentn Support Directory is an online tool launched by the Department for International Trade (DIT) for international investors who wish to set up and expand their operations in the UK. The new tool enables international investors to connect with a range of businesses across the UK. Potential investors can find an expert - [New measures to ensure SMEs get paid on time](https://www.robinsonslondon.com/2019/07/12/new-measures-to-ensure-smes-get-paid-on-time/) - New measures to ensure SMEs get paid on time The government has announced a package of measures to ensure SMEs get paid on time. Under the proposals large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures. The measures include: proposed new powers - [Employer Bulletin - latest guidance](https://www.robinsonslondon.com/2019/07/12/employer-bulletin-latest-guidance/) - Employer Bulletin - latest guidance HMRC has issued the June 2019 edition of the Employer Bulletin. This includes articles on a number of issues including: labour supply chain fraud using loans to avoid Optional Remuneration Rules re-enrolment of staff back into a workplace pension scheme GDPR fees contractors operating CIS – new VAT reverse - [Latest MTD for VAT](https://www.robinsonslondon.com/2019/07/12/latest-mtd-for-vat/) - Latest MTD for VAT HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the latest MTD for VAT rules, businesses with a taxable turnover above the VAT threshold (currently £85,000) must keep digital records for VAT purposes and provide their - [BREXIT workforce preparations](https://www.robinsonslondon.com/2019/07/12/brexit-workforce-preparations/) - BREXIT workforce preparations: Preparing the workforce for EU Exit Over two thirds of EU citizens that are currently in the UK are here for work. The government is advising that if these individuals plan to remain living and working in the UK, after it leaves the EU, they can now apply to the EU - [Non-compliance with minimum wage regulations](https://www.robinsonslondon.com/2019/06/07/non-compliance-with-minimum-wage-regulations/) - Non-compliance with minimum wage regulations A recent Low Pay Commission (LPC) report sets out its findings on the number of people being paid less than the statutory minimum wage regulations. The LPC found that, in April 2018, 439,000 workers were paid less than the National Minimum Wage (NMW). Of this amount, 369,000 were employees - [Advisory fuel rates 2019/20 for company cars](https://www.robinsonslondon.com/2019/06/07/advisory-fuel-rates-2019-20-for-company-cars/) - Advisory fuel rates 2019/20 for company cars New company car advisory fuel rates have been published which take effect from 1 June 2019. The guidance states: 'You can use the previous rates for up to one month from the date the new rates apply'. The rates only apply to employees using a company car. - [Consultation on ancillary CGT reliefs](https://www.robinsonslondon.com/2019/06/07/consultation-on-ancillary-cgt-reliefs/) - Consultation on ancillary CGT reliefs A capital gains tax (CGT) exemption applies when an individual disposes of a dwelling that has been used as their only or main residence under the Private Residence Relief (PRR) rules. The exemption applies as long as the relevant conditions are met throughout the total period of ownership. These - [Consultation on Companies House reforms](https://www.robinsonslondon.com/2019/06/06/consultation-on-companies-house-reforms/) - Companies House: Consultation on reforms The government has launched a consultation on reforms proposed for Companies House, including a 'major upgrade' of its register. The consultation aims to tackle misuse of the register. It also strives to provide business owners with 'greater protection from fraud'. The consultation seeks views on a series of reforms - [Forms P11D - reporting employee benefits](https://www.robinsonslondon.com/2019/06/06/forms-p11d-reporting-employee-benefits/) - Forms P11D - reporting employee benefits The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019, are due for submission to HMRC by 6 July 2019. The process of gathering the necessary information and completing the forms can take some time, - [Tax simplification for smaller businesses says OTS](https://www.robinsonslondon.com/2019/06/06/ots-calls-for-tax-simplification/) - OTS calls for tax simplification for smaller businesses A report by the Office of Tax Simplification (OTS) calls on the government to prioritise action to 'address long-standing concerns about the experience of smaller businesses'. The report considers the business lifecycle, especially those starting up and provides recommendations in five areas: providing simple step-by-step guidance - ['Flexible extension' to Article 50](https://www.robinsonslondon.com/2019/05/10/flexible-extension-to-article-50/) - 'Flexible extension' to Article 50 Business groups, including the British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI), have commented on the six-month 'flexible' extension of Article 50, granted to the UK by EU leaders. The extension potentially pushes 'Brexit Day', the day when the UK officially leaves the EU, to - [Money Laundering compliance list published](https://www.robinsonslondon.com/2019/05/10/money-laundering-business-compliance-list-published/) - Money Laundering HMRC has published a list of businesses that have not met their obligations under the Money Laundering Regulations. As a supervisor of the regulations HMRC has a duty to publish details of businesses that have been penalised for not complying with the regulations. HMRC advises that it considers cases individually to decide - ['Springtime' tax scams target young people](https://www.robinsonslondon.com/2019/05/10/springtime-tax-scams-target-young-people/) - 'Springtime' tax scams target young people HMRC has warned young people in the UK to 'stay vigilant' in order to avoid falling victim to 'Springtime' tax refund scams. Criminals often target young individuals or the elderly as these groups of people are likely to be less familiar with the UK tax system. During the - [Government confirms pensions dashboards](https://www.robinsonslondon.com/2019/05/10/government-confirms-of-pensions-dashboards/) - Government confirms implementation of pensions dashboards The government has confirmed that the initiative to introduce a pensions dashboard will go ahead. Pensions dashboards will allow those saving for retirement to view information from multiple pensions in one place stating that the dashboard will 'open up pensions to millions', and 'provide an easy-to-access online view of - [Consultation on extension of IR35 rules](https://www.robinsonslondon.com/2019/05/10/consultation-on-extension-of-ir35-rules/) - Consultation on extension of IR35 rules HMRC has published guidance on the extension of the off-payroll working rules (also known as IR35) to the private sector, a year ahead of its implementation on 6 April 2020. In the guidance, HMRC state that the responsibility to determine whether the off-payroll working rules apply will fall - [VAT fuel scale charges](https://www.robinsonslondon.com/2019/05/10/vat-fuel-scale-charges/) - VAT fuel scale charges HMRC has issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2019. VAT registered businesses use the fuel scale charges to account for VAT on private use of road fuel purchased by - [Employers Bulletin: Latest guidance for employers](https://www.robinsonslondon.com/2019/05/10/latest-guidance-employers-bulletin/) - Latest guidance for employers HMRC has issued the latest version of the Employers Bulletin. This April edition has articles on a number of issues including: Cash Allowances, Flexible Benefits Packages and Salary Sacrifice Unpaid work trials and the National Minimum Wage Diesel Supplement Company Car Tax Changes to meet Euro standard 6d Student Loans - [HMRC wins disguised remuneration avoidance case ](https://www.robinsonslondon.com/2019/04/07/hmrc-wins-disguised-remuneration-avoidance-case/) - HMRC wins disguised remuneration avoidance case HMRC has won a disguised remuneration avoidance case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able to collect more than £40 million in unpaid taxes. The scheme in question was a disguised remuneration avoidance scheme, which paid users - [Changes to income tax bands for 2019/20](https://www.robinsonslondon.com/2019/04/07/changes-to-income-tax-bands-for-2019-20/) - Changes to income tax bands for 2019/20 The new tax year brings changes to income tax bands and allowances. The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal allowance for those with 'adjusted net income' over £100,000. The reduction is £1 for every - [Call for tax on social media businesses](https://www.robinsonslondon.com/2019/04/07/call-for-tax-on-social-media-businesses/) - A group of MPs has called on the government to tax the profits of social media businesses. The All Party Parliamentary Group (APPG) on Social Media and Young People's Mental Health and Wellbeing recently published a report which outlined the impact on the health of young people. The APPG has suggested creating a Social - [MTD for VAT](https://www.robinsonslondon.com/2019/04/07/mtd-for-vat/) - MTD for VAT HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the new rules, businesses with a taxable turnover above the VAT threshold (currently £85,000) must keep digital records for VAT purposes and provide their VAT return information to - [Update on Structures and Buildings Allowance](https://www.robinsonslondon.com/2019/04/07/update-on-structures-and-buildings-allowance/) - Update on Structures and Buildings Allowance Chancellor Philip Hammond delivered the Spring Statement on Wednesday 13 March 2019 amidst all the Brexit debates. In his speech the Chancellor provided an update on the economy and responded to the Office for Budget Responsibility forecasts. In addition he launched consultations on various aspects of the tax - [Delay to rise in probate fees](https://www.robinsonslondon.com/2019/04/07/delay-to-rise-in-probate-fees/) - Delay to rise in probate fees The government has delayed its planned increase in probate fees indefinitely. The delay has been attributed to 'pressure on Parliamentary time' caused by Brexit debates and votes. The increase in fees had been set to take effect from 1 April 2019, but HMRC recently made the decision to postpone - [Additional Brexit advice for small businesses](https://www.robinsonslondon.com/2019/04/07/additional-brexit-advice-for-small-businesses/) - Additional Brexit advice for small businesses The government has published additional documents containing advice on Brexit for UK small businesses. According to the government, the information will help business owners to 'understand how leaving the EU may affect their business'. The advisory documents cover a range of issues, from changes to UK-EU trade following - [Reporting Benefits in Kind - Forms P11D](https://www.robinsonslondon.com/2019/04/07/reporting-benefits-in-kind-forms-p11d/) - Reporting Benefits in Kind - Forms P11D The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019, are due for submission to HMRC by 6 July 2019. The process of gathering the necessary information can take some time, so it is - [Phishing: Households with landlines should be vigilant](https://www.robinsonslondon.com/2019/03/08/phishing-households-with-landlines-should-be-vigilant/) - Phishing: Households with landlines should be vigilant Over recent years HMRC has increasingly cracked down on email and SMS phishing, and a number of criminals are turning to cold-calling publicly available phone numbers to steal money from taxpayers. These calls are often made to landline numbers. According to Ofcom, nearly 26 million homes have - [Employer Bulletin: Latest update for employers](https://www.robinsonslondon.com/2019/03/08/employer-bulletin-latest-update-for-employers/) - Latest update for employers HMRC has issued Employer Bulletin (February 2019) which includes a number of interesting articles on: End of year reporting Reporting expenses and benefits Student Loan notices and a new type of Student Loan repayment that employers will need to be able to process via payroll (Post Graduate Loans) Updates to - [Tax efficient investments ahead of the tax year end](https://www.robinsonslondon.com/2019/03/08/tax-efficient-investments-ahead-of-the-tax-year-end/) - Tax efficient investments ahead of the tax year end With the end of the tax year looming there is still time to save tax for 2018/19. Make full use of your ISA allowance - ISAs can offer a useful tax free way to save, whether this is for your children's future, a first home - [Pensions auto enrolment contributions to rise](https://www.robinsonslondon.com/2019/03/08/pensions-auto-enrolment-contributions-to-rise/) - Pensions auto enrolment contributions to rise Minimum auto enrolment pension contributions are set to increase from 6 April 2019: Duration Employer minimum Total minimum contribution Current contributions 2% 5% 6 April 2019 onwards 3% 8% The Pensions Regulator has produced guidance for employers on dealing with the increased auto enrolment contributions including a letter - [Minimum Wage increases](https://www.robinsonslondon.com/2019/03/08/minimum-wage-increases/) - Minimum Wage increases The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees. Employers are liable to be penalised for not complying with the NMW and NLW rules. There are different levels of NMW and NLW, depending on age and whether the - [Advisory fuel rates for company cars](https://www.robinsonslondon.com/2019/03/08/advisory-fuel-rates-for-company-cars-2019-20/) - Advisory fuel rates for company cars New company cars advisory fuel rates have been published which take effect from 1 March 2019. The guidance states: 'You can use the previous rates for up to one month from the date the new rates apply'. The rates only apply to employees using a company car. The - [Making Tax Digital for VAT: Start date looming](https://www.robinsonslondon.com/2019/03/08/making-tax-digital-for-vat-start-date-looming/) - Making Tax Digital for VAT: Start date looming Making Tax Digital update: The Financial Secretary to the Treasury, Mel Stride, has made a statement to the House of Commons setting out HMRC's progress on delivery of Making Tax Digital (MTD). He confirmed there would be no further delays in implementation. For most businesses, compliance with - [Brexit business advice - prepare for no deal](https://www.robinsonslondon.com/2019/03/08/brexit-business-advice-prepare-for-no-deal/) - Brexit business advice - prepare for no deal HMRC is urging business owners to make sure they are ready for a potential no deal Brexit. Business owners are being urged to prepare now and take steps to ensure their businesses can continue to trade with the EU if the UK leaves the EU without - [Protect your pension pots](https://www.robinsonslondon.com/2019/02/07/protect-your-pension-pots/) - Protect your pension pots The Insolvency Service has urged individuals saving for retirement to protect their pension pots from criminals and ‘negligent trustees'. Research carried out by the Service found that criminals use a range of tactics to convince savers to part with their funds, including persuading individuals to access their pension and invest - [‘Unbelievable excuses’ for late filing of tax returns](https://www.robinsonslondon.com/2019/02/07/unbelievable-excuses-for-late-filing-of-tax-returns/) - ‘Unbelievable excuses’ for late filing of tax returns HMRC has revealed some of the most ‘bizarre excuses’ taxpayers have given for failing to file their self assessment tax return on time. Excuses included ‘I’m too short to reach the post box’, and ‘my boiler had broken and my fingers were too cold to type’. One - [Spring Statement 2019 date announced](https://www.robinsonslondon.com/2019/02/07/spring-statement-2019-date-announced/) - Spring Statement 2019 date announced The Chancellor of the Exchequer, Philip Hammond, has announced that the government will respond to the forecast from the Office for Budget Responsibility (OBR) in the Spring Statement 2019 on Wednesday 13 March 2019. The Chancellor may take the opportunity to announce tax changes and consultations. We will update - [HMRC’s Voice ID database](https://www.robinsonslondon.com/2019/02/06/hmrcs-voice-id-database/) - HMRC’s Voice ID database Since 2017, HMRC's Voice ID database system has captured millions of callers’ voice data by encouraging the caller to say a key phrase instead of the conventional password to gain access to their accounts. However, non-profit organisation Big Brother Watch warns that people have been ‘railroaded into a mass ID scheme - [MTD for VAT: Pilot extended to all eligible businesses](https://www.robinsonslondon.com/2019/02/06/mtd-for-vat-extended/) - MTD for VAT – pilot extended to all eligible businesses HMRC has extended its Making Tax Digital for VAT (MTDfV) pilot scheme to all eligible businesses. For most businesses, compliance with the regulations is mandated for VAT return periods beginning on or after 1 April 2019. However, MTD for VAT for some ‘more complex’ - [Businesses urged to prepare for post-Brexit Customs Declarations](https://www.robinsonslondon.com/2019/02/06/post-brexit-customs/) - Businesses urged to prepare for post-Brexit Customs Declarations HMRC is urging VAT-registered UK businesses which trade exclusively with the EU to be prepared for a no deal Brexit. In a letter sent to 145,000 affected businesses, HMRC explains post-Brexit Customs, Excise and VAT procedure changes in the ‘unlikely event’ that the UK leaves the EU - [Pension contribution increases ahead](https://www.robinsonslondon.com/2019/01/17/pension-contribution-increases-ahead/) - Pension contribution increases ahead The Pensions Regulator (TPR) is reminding employers that from 6 April 2019, the amount that will need to be paid into a workplace pension will increase to an overall minimum of 8%, with employers contributing at least 3% of this total amount. TPR is now starting to write to all - [Self assessment deadline approaching](https://www.robinsonslondon.com/2019/01/17/self-assessment-deadline-approaching/) - Self assessment deadline approaching The deadline for submitting your 2017/18 self assessment return is 31 January 2019. The deadline applies to taxpayers who need to complete a tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 National Insurance Contributions (NIC), capital gains tax and High - [Inheritance Tax Review by Office of Tax Simplification](https://www.robinsonslondon.com/2018/12/17/inheritance-tax-review-by-office-of-tax-simplification/) - Inheritance Tax Review by Office of Tax Simplification The Office of Tax Simplification (OTS) has published the first of two reports on inheritance tax. The first report sets out an explanation of the issues and complexities of IHT, gives an overview of concerns raised by the public and professional advisors during the review and - [Phishing warning: Tax refund email targets university students](https://www.robinsonslondon.com/2018/12/17/phishing-warning-tax-refund-email-targets-university-students/) - Phishing warning: tax refund email targets university students HMRC has warned that university students are being bombarded with fake tax refund emails. The scammers have targeted university students in an attempt to steal their banking and personal details using.ac.uk email addresses that look genuine, in order to avoid detection. Mel Stride, Financial Secretary to - [Advisory fuel rates for company cars](https://www.robinsonslondon.com/2018/12/13/advisory-fuel-rates-for-company-cars-2/) - Advisory fuel rates for company cars New company car advisory fuel rates have been published which took effect from 1 December 2018. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The - [Tax-free gifts for employees](https://www.robinsonslondon.com/2018/12/13/tax-free-gifts-for-employees/) - Tax-free gifts for employees Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee. A tax exemption is available which should help employers ensure that the benefits provided are exempt and do not result in - [Stamp duty tax relief: 180,500 new homeowners benefit](https://www.robinsonslondon.com/2018/12/13/stamp-duty-tax-relief-180500-new-homeowners-benefit/) - 180,500 new homeowners benefit from stamp duty tax relief According to statistics published by HMRC more than 180,500 first-time buyers have benefitted from First Time Buyers Relief (FTBR). The relief introduced in November 2017 has saved eligible first-time buyers an estimated total amount of more than £426 million. Mel Stride MP, Financial Secretary to - [BREXIT guidance: Leaving the EU with no deal](https://www.robinsonslondon.com/2018/12/13/brexit-guidance-leaving-the-eu-with-no-deal/) - Brexit guidance: Leaving the EU with no deal The government has published a collection of Brexit guidance documents in preparation for the scenario of the UK leaving the EU without a Withdrawal Agreement a so called ‘no deal’ Brexit. The Brexit guidance states: ‘The government does not want or expect a no deal scenario. - [MTD warning: SMEs 'could pay heavy price'](https://www.robinsonslondon.com/2018/12/13/mtd-warning-small-businesses/) - MTD warning: Small businesses 'could pay heavy price' for MTD, committee warns The Economic Affairs Committee has issued an MTD warning to HMRC, stating that small businesses 'could pay a heavy price' for Making Tax Digital for VAT (MTDfV). The Committee stated that HMRC has 'failed to adequately support small businesses' ahead of the introduction of MTDfV. - [The Autumn Budget 2018](https://www.robinsonslondon.com/2018/11/06/autumn-budget-2018/) - The Budget: Autumn 2018 The Chancellor Philip Hammond presented his second Autumn Budget on Monday 29 October 2018. In his speech he stated that ‘austerity is coming to an end - but discipline will remain’. He also promised a ‘double deal dividend’ if the Brexit negotiations are successful but stated that there may be - [‘No deal Brexit’ guidance for contingency](https://www.robinsonslondon.com/2018/11/06/no-deal-brexit-guidance-contingency/) - ‘No deal Brexit’ guidance: Contingency planning HMRC has issued 'no deal Brexit' guidance in the form of a Partnership Pack to help businesses carry out contingency planning and to help their customers, members and clients to: think about how they will need to adapt their business to comply with new systems, processes and controls - [HMRC countdown: file your tax return](https://www.robinsonslondon.com/2018/11/06/hmrc-countdown-file-your-tax-return/) - HMRC countdown: file your tax return With less than 100 days until the self assessment tax return deadline of 31 January 2019, HMRC is urging taxpayers to complete their tax returns early, in order to avoid the last minute rush. The deadline for submitting 2017/18 self assessment tax returns online is 31 January 2019. - [Guidance for employers - recent updates](https://www.robinsonslondon.com/2018/11/06/guidance-for-employers-recent-updates/) - New guidance for employers HMRC has issued the October 2018 Employer Bulletin which contains a number of articles providing guidance for employers on payroll related issues. The articles cover a number of areas including: clarification of the rules regarding paying employees when the regular payday is a non-banking day dealing with PAYE Settlement Agreements - [Making Tax Digital for VAT public pilot opens](https://www.robinsonslondon.com/2018/11/06/making-tax-digital-for-vat-public-pilot-opens/) - Making Tax Digital for VAT public pilot opens and deferral for some businesses HMRC has opened the Making Tax Digital for VAT (MTDfV) public pilot. However certain VAT-registered businesses (around 3.5% according to HMRC) with more complex requirements will be deferred from being subject to MTD for six months. Essentially, the public pilot is - [Entrepreneurs’ Relief changes](https://www.robinsonslondon.com/2018/11/06/entrepreneurs-relief-changes/) - Entrepreneurs’ Relief changes The government announced, as part of the Budget, that some changes are being made to the rules for Entrepreneurs’ Relief (ER) with immediate effect for disposals on or after 29 October 2018. Two new tests are to be added to the definition of a ‘personal company’, requiring the claimant to have - [Capital allowances changes](https://www.robinsonslondon.com/2018/11/06/capital-allowances-changes/) - Capital allowances changes A number of changes to capital allowances were announced at the Budget, including an increase in the Annual Investment Allowance (AIA), for two years to £1 million, in relation to qualifying expenditure incurred from 1 January 2019. The AIA is currently £200,000 per annum. Complex calculations may apply to accounting periods - [Personal tax allowance and basic rate band increases ](https://www.robinsonslondon.com/2018/11/06/personal-tax-allowance-and-basic-rate-band-increases-2/) - Personal tax allowance and basic rate band increases At the Budget, the Chancellor announced that increases to the personal tax allowance and basic rate band for 2019/20. The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Also for 2019/20, the basic rate band will be increased to £37,500 so - [Record minimum wage underpayments identified](https://www.robinsonslondon.com/2018/10/04/minimum-wage-underpayments/) - HMRC has announced that they achieved record enforcement results this year, identifying £15.6million of minimum wage underpayments. The number of workers identified as underpaid was double that in 2016/17 and the highest number since the National Minimum Wage came into force. The figures reveal: a record £15.6 million of underpayment identified for more than - [Recognising phishing emails: Genuine HMRC contact](https://www.robinsonslondon.com/2018/10/04/recognising-phishing-emails-genuine-hmrc-contact/) - HMRC has updated their guidance on how to recognise when contact from HMRC is genuine and recognising phishing or bogus emails and text messages. Phishing is the fraudulent act of emailing a person in order to obtain their personal or financial information such as passwords and credit card or bank account details. These emails - [HMRC publishes a list of deliberate tax defaulters](https://www.robinsonslondon.com/2018/10/04/hmrc-publishes-a-list-of-deliberate-tax-defaulters/) - HMRC has published an updated list of deliberate tax defaulters. The list includes details of taxpayers who have incurred a penalty because they have either: deliberately provided one or more inaccurate documents to HMRC deliberately failed to comply with an HMRC obligation committed a VAT or excise wrongdoing. HMRC’s criteria for publishing this information - [Self assessment tax returns: ‘Paper’ return deadline](https://www.robinsonslondon.com/2018/10/04/deadline-for-paper-self-assessment-tax-returns/) - For those individuals who have previously submitted ‘paper’ self assessment tax returns the deadline for the 2017/18 return is 31 October 2018. Self assessment tax returns submitted after that date must be submitted electronically or they will incur a minimum penalty of £100. The penalty applies even when there is no tax to pay - [No deal Brexit guidance and small business survey](https://www.robinsonslondon.com/2018/10/04/no-deal-brexit-guidance-and-small-business-survey/) - Following the issue of some ‘no deal’ Brexit technical notices, in August, the government has issued further notices with the aim of helping both businesses and individuals to prepare in the event of a UK-EU agreement not being realised. The second and third batches of notices cover topics such as passports, driving licences together - [Self-employed Class 2 NICs will not be scrapped](https://www.robinsonslondon.com/2018/10/04/self-employed-class-2-nics-will-not-be-scrapped/) - The government has decided not to proceed with plans to abolish Class 2 National Insurance Contributions (NICs) from April 2019. Class 2 NICs are currently paid at a rate of £2.95 per week by self-employed individuals with profits of £6,205 or more per year. The government had planned to scrap the Class 2 contribution - [UK Budget date announced: Monday 29 October](https://www.robinsonslondon.com/2018/10/04/uk-budget-date-announced-monday-29-october/) - The Chancellor of the Exchequer, Philip Hammond, has announced the Budget date and it will take place on Monday 29 October. Breaking with the tradition of a Wednesday budget date in November, perhaps in a bid to avoid the ongoing Brexit negotiations, the government is expected to set out its plans ‘to build a stronger, - [Latest employers guidance from HMRC](https://www.robinsonslondon.com/2018/09/06/latest-employers-guidance-from-hmrc/) - Latest employers guidance from HMRC HMRC has published the latest edition of the Employer Bulletin. This employers guidance for employers, and their agents, includes articles on: Reporting your payroll information accurately and on time Irregular payments and completion of Full Payment Submissions Starter Declaration on a Full Payment Submission (FPS) PAYE Settlement Agreements and - [Advisory fuel rates for company cars](https://www.robinsonslondon.com/2018/09/06/advisory-fuel-rates-for-company-cars/) - Advisory fuel rates for company cars New company car advisory fuel rates have been published which take effect from 1 September 2018. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The - [HMRC warning: time to declare offshore assets](https://www.robinsonslondon.com/2018/09/06/hmrc-warning-time-to-declare-offshore-assets/) - HMRC warning: time to declare offshore assets HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force. HMRC is urging UK taxpayers to come forward and declare any foreign income or profits on offshore assets before 30 - [Stamp duty cut: 121,500 households save £284 million](https://www.robinsonslondon.com/2018/09/06/stamp-duty-cut-households-save/) - Stamp duty cut: 121,500 households save £284 million According to the latest statistics 121,500 first-time buyers have saved a total of £284,000,000 following the introduction of a relief for first-time buyers under the Stamp Duty Land Tax rules which apply in England and Northern Ireland. Over the next five years, it is estimated that - [Making Tax Digital for VAT - software suppliers](https://www.robinsonslondon.com/2018/09/06/making-tax-digital-for-vat-software-suppliers/) - Making Tax Digital for VAT - software suppliers HMRC is working with more than 150 software suppliers who have said they will provide software for Making Tax Digital for VAT (MTDfV) in time for April 2019. From 1 April 2019, businesses will be mandated to use the MTDfB system to meet their VAT obligations - [‘No deal’ Brexit guidance](https://www.robinsonslondon.com/2018/09/06/no-deal-brexit-guidance/) - ‘No deal’ Brexit guidance The government has issued some ‘no deal’ Brexit guidance in for the form of technical notices, with the aim of helping both businesses and individuals to prepare in the event of a UK-EU agreement not being realised. The government has published the first 25 notices. Brexit Secretary Dominic Raab was - [Diary of main tax events - July / August 2018](https://www.robinsonslondon.com/2018/07/03/diary-of-main-tax-events-july-august-2018/) - Diary of main tax events - July / August 2018 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based on the general - [Advisory fuel rate 2018/19 for company cars](https://www.robinsonslondon.com/2018/07/03/advisory-fuel-rate-2018-19-for-company-cars/) - Advisory fuel rate 2018/19 for company cars These are the suggested reimbursement rates for employees' private mileage using their company car from 1 June 2018. Where there has been a change the previous rate is shown in brackets next to the advisory fuel rate 2018/19. Engine Size Petrol Diesel LPG 1400cc or less 11p - [Trust Taxation](https://www.robinsonslondon.com/2018/07/03/trust-taxation/) - Trust Taxation We are still awaiting the promised consultation on trust taxation announced in the Autumn 2017 Budget. However, in the meantime HMRC have updated their guidance on how different types of trust income are taxed, what management expenses and reliefs can be deducted, and understanding the tax pool. Please contact us if you - [Short-term business visitors](https://www.robinsonslondon.com/2018/07/03/short-term-business-visitors/) - SHORT-TERM BUSINESS VISITORS HMRC are consulting on ways to simplify the tax treatment of short-term business visitors from the foreign branch of a UK company, to ensure the UK is an attractive location for business headquarters. The consultation considers potential changes to the PAYE arrangements under which UK employers need not operate PAYE for - [What is the 2019 loan charge?](https://www.robinsonslondon.com/2018/07/03/what-is-the-2019-loan-charge/) - What is the 2019 loan charge? This is a tax charge on any outstanding loans that exist as a result of a disguised remuneration tax avoidance scheme. It applies to any loans that were taken out under a disguised remuneration scheme since 6 April 1999. The most common schemes were Employee Funded Retirement Benefit - [Notify HMRC of Employee Benefits Trusts and similar loans by 30 September](https://www.robinsonslondon.com/2018/07/03/notify-hmrc-of-employee-benefits-trusts-and-similar-loans-by-30-september/) - NOTIFY HMRC OF EMPLOYEE BENEFITS TRUSTS AND SIMILAR LOANS BY 30 SEPTEMBER HMRC have published revised guidance on settling tax liabilities in relation to the use of disguised remuneration schemes involving Employee Benefit Trusts (EBTs) and similar arrangements. In order to settle on preferential terms before the outstanding loan charge arises on 5 April - [New VAT rules for building trade in 2019](https://www.robinsonslondon.com/2018/07/03/new-vat-rules-for-building-trade-in-2019/) - New VAT rules for building trade in 2019 Under new VAT rules due to come in on 1 October 2019 builders, sub- contractors and other trades associated with the construction industry will have to start using a new method of accounting for VAT. The measure is designed to combat VAT fraud in the construction - [Diary of Main Tax Events - March / April 2018](https://www.robinsonslondon.com/2018/06/07/diary-of-main-tax-events-junejuly-2018/) - Tax diary: All the main tax events for March / April 2018 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [Simplification of Inheritance Tax](https://www.robinsonslondon.com/2018/06/07/simplification-of-inheritance-tax/) - Simplification of Inheritance Tax The Office of Tax Simplification (OTS) have been tasked with carrying out a review of Inheritance Tax (IHT) with a view to simplifying how the tax operates. IHT is perceived to be complicated and currently yields a relatively small amount of tax compared to income tax and national insurance. There - [Making tax digital delayed further, apart from vat reporting](https://www.robinsonslondon.com/2018/06/07/making-tax-digital-delayed-further-apart-from-vat-reporting/) - Making Tax Digital for business delayed further, apart from vat reporting HMRC have confirmed that no further MTD for business changes will be brought in before 2020 at the earliest. The Treasury set out its revised priorities for current digital transformation projects, to make room for the additional demands on its resources of work - [EMI share option scheme receives state aid approval](https://www.robinsonslondon.com/2018/06/07/emi-share-option-scheme-receives-state-aid-approval/) - EMI SHARE OPTION SCHEME RECEIVES STATE AID APPROVAL Last month, we reported that the Enterprise Management Incentives (EMI) share option scheme lost its EU State Aid approval on 6 April 2018. The consequence of loss of approval being that the tax advantages of such options was temporarily withdrawn. On 16 May 2018 the European - [Off-payroll IR35 rules to be extended to private sector workers?](https://www.robinsonslondon.com/2018/06/07/off-payroll-ir35-rules-to-be-extended-to-private-sector-workers/) - Off-payroll IR35 rules to be extended to private sector workers? As mentioned in the Autumn Budget, the Government has opened a consultation into a possible extension of the rules that currently apply to “off-payroll” workers in the public sector to the private sector. This consultation is being undertaken at the same time as the - [Diary of Main Tax Events - May/June 2018](https://www.robinsonslondon.com/2018/05/03/diary-of-main-tax-events-mayjune-2018/) - Tax diary: All the main tax events for March / April 2018 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [Taking a lodger? Don’t forget to claim “rent a room” relief](https://www.robinsonslondon.com/2018/05/03/taking-a-lodger-dont-forget-to-claim-rent-a-room-relief/) - Taking a lodger? Don’t forget to claim “rent a room” landlord relief HMRC are carrying out a review of rent a room landlord relief to discover whether the scheme, introduced back in 1992 provides the right incentives for the rental market. The current scheme exempts from tax, gross rents up to £7,500 where rooms - [HMRC lose IR35 case](https://www.robinsonslondon.com/2018/05/03/hmrc-lose-ir35-case/) - HMRC lose IR35 case In the February newsletter we reported the Tax Tribunal decision involving Christa Ackroyd Media Ltd, a company set up by a TV presenter to supply her services to the BBC, where it was held that the IR35 personal service company rules applied to the arrangements. In a recent case involving - [Form P11Ds to include benefits in kind](https://www.robinsonslondon.com/2018/05/03/form-p11ds-include-benefits-in-kind/) - Form P11Ds to include Benefits in Kind provided by salary sacrifice Employers need to report all Benefits in Kind (BiKs), including those under the Optional Remuneration Arrangements (OpRAs) or “salary sacrifice” arrangements, to HMRC on form P11D from 6 April 2018, unless they are registered to voluntarily payroll benefits. Benefits in Kind and Optional - [Tax advantage of EMI share option schemes lapses](https://www.robinsonslondon.com/2018/05/03/tax-advantage-of-emi-share-option-schemes-lapses/) - Tax advantage of EMI share option schemes lapses HMRC have advised companies to consider delaying the grant of Enterprise Management Incentive (“EMI”) share option schemes until fresh State Aid approval has been granted by the EU. As the UK Government were late in applying for an extension (12 months’ notice is required) the existing - [Changes to termination payments](https://www.robinsonslondon.com/2018/05/03/changes-to-termination-payments/) - Changes to termination payments Care is always required when employees are made redundant or payments are made on the termination of employment. Not only are there employment law considerations, there are also important tax implications and this is an area where professional advice is strongly recommended to avoid unnecessary pitfalls. The tax treatment of - [Diary of main tax events - April/May 2018](https://www.robinsonslondon.com/2018/04/11/diary-of-main-tax-events-aprilmay-2018/) - Tax diary: All the main tax events for March / April 2018 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [Tax efficient salary and dividends for 2018/19](https://www.robinsonslondon.com/2018/04/11/tax-efficient-salary-dividend-2018-2019/) - How to extract profit from companies in a tax efficient manner for 2018/19 The new tax year means that many directors of companies will be considering the most tax efficient method of paying themselves. For many years accountants and tax advisors have suggested that director/shareholders should extract profit by paying themselves a low salary with the - [Charities Gift Aid Small Donations Scheme](https://www.robinsonslondon.com/2018/04/11/charities-gift-aid-small-donations-scheme/) - Charities Gift Aid Small Donations Scheme (GASDC) Whilst on the subject of the reduction in cash transactions for charities, may we take the opportunity to remind you of charities Gift Aid Small Donations Scheme (GASDC). Under this scheme a charity or community amateur sports club (CASC) can claim top-up payments on small donations up - [Cash and digital payments considerations in the new economy](https://www.robinsonslondon.com/2018/04/11/cash-and-digital-payments-considerations-in-the-new-economy/) - Cash and digital payments considerations One of the announcements in the Spring Statement was the possible demise of the 1p and 2p coins and the £50 note, but for different reasons. It seems that more and more of us are paying for small transactions such as our morning coffee by using contactless payments. The public - [Spring statement 2018: Consultation for VAT registration](https://www.robinsonslondon.com/2018/04/11/no-major-tax-changes-in-chancellors-spring-statement/) - Spring Budget 2018 As announced last year, the Chancellor’s Budget will in future take place in the Autumn each year as opposed to the Spring. There was however a Statement by the Chancellor on 13 March, but he made little mention of tax changes, instead choosing to focus on the state of the economy - [Tax Diary: all the main tax events for March / April 2018](https://www.robinsonslondon.com/2018/03/01/diary-main-tax-events-march-april-2018/) - Tax Diary: all the main tax events for March / April 2018 Welcome to this month's Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what's likely to be due. These deadlines are intended to be used as a guideline and are based - [Want to join the Making Tax Digital VAT pilot?](https://www.robinsonslondon.com/2018/03/01/want-join-making-tax-digital-vat-pilot/) - HMRC have announced that they are looking for suitable businesses to sign up for the pilot testing of the new Making Tax Digital system of reporting for VAT information. Turkeys voting for Christmas springs to mind? After a period of testing the new system is scheduled to go live in April 2019 for VAT registered businesses - [Pensions funds can be very effective in estate planning](https://www.robinsonslondon.com/2018/03/01/pensions-funds-can-effective-estate-planning/) - We have featured the tax efficiency of pension fund investment in a number of recent newsletters. As well as the increased flexibility in terms of drawdown arrangements that were introduced in April 2015 there were some important changes to what happens to the undrawn funds on death. These changes mean that your pension fund - [BBC presenter loses landmark IR35 case](https://www.robinsonslondon.com/2018/03/01/bbc-presenter-loses-landmark-ir35-case/) - The IR35 personal service company legislation has been on the statute book since 2000 and has never really worked as intended. The main reason for this is that the interpretation of the legislation is based on the same employment status tests referred to above, which lack clarity and are open to interpretation by the - [Are you sure you or your workers are self-employed?](https://www.robinsonslondon.com/2018/03/01/sure-workers-self-employed/) - Are you sure you or your workers are self-employed? Last year we reported that the House of Commons Work and Pensions Committee published a report calling on the Government to close the loopholes that allow “bogus” self-employed practices, which burden the welfare state but reduce the tax contributions needed to sustain it. Most of - [Diary of main tax events - February/March 2018](https://www.robinsonslondon.com/2018/02/05/diary-main-tax-events-february-march-2018/) - Diary of main tax events - July / August 2018 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based on the general - [Advantages of furnished holiday lettings](https://www.robinsonslondon.com/2018/02/05/advantages-furnished-holiday-lettings/) - Many of the recent changes in the taxation of buy to let rental businesses do not apply to property businesses that qualify as furnished holiday lettings (FHL). In particular the restriction on deductibility of finance costs that started to apply from 2016/17 does not apply to furnished holiday lettings. It may be worth considering - [Exceeding the annual pension allowance](https://www.robinsonslondon.com/2018/02/05/exceeding-annual-pension-allowance/) - If your pension savings exceed the annual pension input limit (generally £40,000) then there is an annual allowance charge. The effect of the annual allowance charge is to reduce tax relief on any pension saving over the annual allowance. The annual allowance charge is not at a fixed rate but will depend on how - [Increase your Pension Savings before 6 April 2018](https://www.robinsonslondon.com/2018/02/05/increase-pension-savings-6-april-2018-reduce-payments-account/) - Increase your Pension Savings before 6 April 2018 to reduce payments on account. Unfortunately investing more in your pension now will not reduce your 2016/17 tax liability, however if you invest before 6 April 2018 that payment can be taken into consideration in computing your 2017/18 liability and hence you might be able to claim - [Invest in EIS or Seed EIS qualifying companies](https://www.robinsonslondon.com/2018/02/05/invest-eis-seed-eis-qualifying-companies/) - Before 6 April 2018, individuals may invest in companies that qualify under the Enterprise Investment Scheme (EIS) and treat that investment as having been made in 2016/17. The tax relief is 30% of the amount invested. So a £20,000 investment can reduce the 2016/17 tax liability by £6,000. Investing in a Seed EIS qualifying - [Does your accounts system comply with MTD for VAT?](https://www.robinsonslondon.com/2018/02/05/accounts-system-comply-mtd-vat/) - Making Tax Digital (MTD) for VAT is scheduled to start in April 2019 which means that your VAT information needs to be submitted to HMRC digitally. On 18 December 2017, HMRC published draft legislation together with examples of how the business account records might link with the HMRC computer in order to comply with - [Diary of main tax events - January / February 2018](https://www.robinsonslondon.com/2018/01/04/diary-main-tax-events-january-february-2018/) - Diary of main tax events - January / February 2018 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based on the general - [No indexation of company gains after December 2017](https://www.robinsonslondon.com/2018/01/04/no-indexation-company-gains-december-2017/) - Indexation allowance was introduced in the 1970s to provide relief from paying tax on inflationary gains based on increases in RPI. The relief was abolished in 1998 for individuals and trusts, and replaced with taper relief. However, it was retained for companies. The Autumn Budget announced that indexation for corporation tax would cease for - [Advisory fuel rate for company cars - January 2018](https://www.robinsonslondon.com/2018/01/04/advisory-fuel-rate-company-cars-january-2018/) - These are the suggested reimbursement rates for employees' private mileage using their company car from 1 December 2017. Where there has been a change the previous rate is shown in brackets. Engine Size Petrol Diesel LPG 1400cc or less 11p 7p 1600cc or less 9p 1401cc to 2000cc 14p (13p) - [Relief from additional 3% SDLT charge](https://www.robinsonslondon.com/2018/01/04/relief-additional-3-sdlt-charge/) - Much of the focus in the Autumn Budget on Stamp Duty Land Tax (SDLT) concerned the abolition of the duty for first time buyers of property up to £300,000. There was also welcome news for those involved in other property transfers where the 3% supplementary SDLT charge potentially applies when an interest in a - [Tax relief for energy saving technology](https://www.robinsonslondon.com/2018/01/04/tax-relief-energy-saving-technology/) - For a number of years there has been a generous 100% tax break for businesses that install energy saving technology in their premises. This is in addition to the £200,000 annual investment allowance for plant and machinery. The technology that qualifies for this 100% tax break includes energy efficient boilers and energy saving lighting - [Consider making regular gifts out of surplus income](https://www.robinsonslondon.com/2018/01/04/consider-making-regular-gifts-surplus-income/) - Whilst on the subject of inheritance tax planning why not consider setting up a standing order to family members? Such regular gifts can be outside of the scope of inheritance tax provided they are made out of surplus income and not out of capital. It would be necessary to demonstrate that you are left - [Passing on the family home](https://www.robinsonslondon.com/2018/01/04/passing-family-home-inheritance/) - New inheritance tax rules for passing on the family home started on 6 April 2017. This new relief should be taken into consideration when drafting your Will and we can work with your solicitor to make sure your Will is tax efficient. From 6 April 2017 an additional nil rate band of £100,000 is - [Pension planning](https://www.robinsonslondon.com/2018/01/04/pension-planning/) - There are many reasons why pension planning is important. For most taxpayers the maximum pension contribution is £40,000 each tax year, although this depends on their earnings. This limit covers both contributions by the individual and their employer. Note that the unused allowance for a particular tax year may be carried forward for three years - [New Year resolutions to save tax](https://www.robinsonslondon.com/2018/01/04/new-year-resolutions-save-tax/) - At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April. An obvious tax planning point would be to maximise your ISA allowances for the 2017/18 tax year (currently £20,000 each). You - [Tax diary of main events - December 2017 / January 2018](https://www.robinsonslondon.com/2017/12/06/tax-diary-main-events-december-2017-january-2018/) - Diary of main tax events - December 2017 / January 2018 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based on the - [Business rates relief for small businesses](https://www.robinsonslondon.com/2017/12/06/business-rates-relief-small-businesses-2/) - Business rates relief for small businesses. There has been much lobbying from the small business sector to reduce business rates. The Chancellor stated that 600,000 small businesses currently benefit from small business rates relief. In order to support the licensed trade from April 2017, pubs with a rateable value up to £100,000 are able to - [VAT registration limit frozen](https://www.robinsonslondon.com/2017/12/06/vat-registration-limit-frozen/) - The VAT registration limit normally increases in line with inflation each year, however the limit has been frozen at £85,000 until 1 April 2020. At the same time the deregistration limit remains at £83,000. There had been rumours that the VAT threshold would be reduced so that more businesses would be required to charge - [R&D tax relief increased](https://www.robinsonslondon.com/2017/12/06/rd-tax-relief-increased/) - Increase in R&D tax relief. The rate of the R&D expenditure credit is being increased from 11% to 12%, in order to support business investment in R&D. This is the relief available to those companies that do not qualify for the more generous relief available to SMEs. Robinsons London Accountants - accounting done differently - [EIS tax relief increased for investment in tech businesses](https://www.robinsonslondon.com/2017/12/06/eis-tax-relief-increased-investment-tech-businesses/) - EIS tax relief increased for investment in tech businesses. The Government will double the amount that an individual may invest under the EIS in a tax year to £2 million from the current limit of £1 million, provided any amount over £1 million is invested in one or more knowledge-intensive companies. The annual investment limit - [Changes to diesel company cars](https://www.robinsonslondon.com/2017/12/06/changes-diesel-company-cars/) - Company car benefits are based on CO2 emissions data which has encouraged employees to choose diesel cars due to lower CO2 emissions. The government is trying to reduce the number of diesel cars and will increase the current 3% diesel supplement to 4% from 6 April 2018. As previously announced radical changes to the - [IR35 rules may be extended to private sector](https://www.robinsonslondon.com/2017/12/06/ir35-off-payroll-rules-may-extended-private-sector/) - IR35 rules may be extended to private sector. Although not mentioned in the Budget speech the other documents released on Budget day mention the possible extension of the IR35 rules for personal service companies in the public sector to workers in the private sector. The government will consult in 2018 on how to tackle non-compliance - [No changes in tax or NIC rates](https://www.robinsonslondon.com/2017/12/05/no-changes-tax-nic-rates/) - The basic rate of income tax and higher rate remain at 20% and 40% respectively and the 45% additional rate continues to apply to income over £150,000. Although Class 2 National Insurance contributions (NIC) for the self-employed are being abolished from 6 April 2019 and "merged" with Class 4 contributions the Chancellor did not - [Personal allowance and higher rate tax threshold limit increased](https://www.robinsonslondon.com/2017/12/05/personal-allowance-higher-rate-limit-increased/) - The Chancellor reminded us that the government are committed to increasing the personal allowance to £12,500 in 2020 and the higher rate tax threshold to £50,000. However, the personal allowance for 2018/19 was only increased in line with inflation to £11,850 and the higher rate threshold to £46,350. Note that up to 10% - [SDLT relief for first-time buyers](https://www.robinsonslondon.com/2017/12/05/sdlt-relief-first-time-buyers/) - In an attempt to help first-time buyers get on the property ladder and stimulate the housing market the chancellor announced that for property purchases completed on or after 22 November 2017 there would be no SDLT payable if the purchase price is below £300,000. This will be a permanent measure rather than a temporary - [Autumn Statement 2017: “Building a Britain fit for the future”](https://www.robinsonslondon.com/2017/12/05/autumn-statement-2017-building-britain-fit-future/) - This was the main theme of the Chancellor Phillip Hammond’s second budget as he committed to spending more on infrastructure projects and stimulating the housing market. He had to put on a good performance to keep his job after criticism following the Spring Budget. His jokes were better this time but there was very - [Diary of main tax events November/ December 2017](https://www.robinsonslondon.com/2017/11/07/diary-main-tax-events-november-december-2017/) - Diary of main tax events - November / December 2017 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based on the general - [Many will not get a self assessment tax return next year](https://www.robinsonslondon.com/2017/11/07/many-will-not-get-self-assessment-tax-return-next-year/) - The government are gradually phasing out the self-assessment tax return and replacing it with an individual tax account pre-populated with data supplied by employers, pension companies and State Pension figures from DWP. With effect from April 2017, HMRC will have the power to assess income tax or CGT liabilities using information they already - [Furnished holiday letting business is not a business for IHT relief](https://www.robinsonslondon.com/2017/11/07/furnished-holiday-letting-business-not-business-iht-relief/) - A furnished holiday letting business is treated as a trade for most tax purposes. For example, capital allowances are available on furniture, and CGT entrepreneurs' relief is available on disposal of the business. However, a recent tax case has determined that a holiday letting business in Cornwall did not qualify for inheritance tax business - [HMRC tackles PAYE avoidance through employers who used Employee Benefit Trusts schemes (EBTs)](https://www.robinsonslondon.com/2017/11/07/hmrc-tackles-employers-used-ebts-schemes/) - With tax planning and PAYE avoidance schemes, as with many things in life, what looks too good to be true generally turns out to be so. This seems to be true for tax avoidance schemes using Employee Benefit Trusts (EBTs) as during the summer HMRC won a landmark case at the Supreme Court against - [HMRC have updated their guidance on salary sacrifice schemes](https://www.robinsonslondon.com/2017/11/07/hmrc-updated-guidance-salary-sacrifice-schemes/) - The rules for salary sacrifice arrangements changed with effect from 6 April 2017 and HMRC have updated their guidance for employers. The idea behind salary sacrifice schemes is pretty straight forward. Basically, you accept a slightly lower salary - hence salary sacrifice scheme - and then in return your employer gives you some kind - [Increased contributions for workplace pensions in 2018](https://www.robinsonslondon.com/2017/11/07/increased-contributions-workplace-pensions-2018/) - Pension auto-enrolment has been on the cards since it was first announced for workplace pensions back in 2014. Auto-enrolment of staff in workplace pension schemes now applies to even the smallest of employers, although there are exclusions. The current minimum contributions are 1% from the employer and 1% from the employee but these limits - [New restriction for those in pension drawdown (SIPPs pension funds)](https://www.robinsonslondon.com/2017/11/07/new-restriction-pension-drawdown/) - £4,000 pension input limit for SIPPs pension funds One of the measures affecting pensions announced in the Spring 2017 Budget that was not included in the first Finance Act, concerns a new £4,000 pension input limit for those who are drawing income from their money purchase pension fund, such as a SIPPs pension fund. - [Changes to pension tax relief in the budget?](https://www.robinsonslondon.com/2017/11/07/changes-pension-tax-relief-budget/) - Changes to pension tax relief in the budget? There is again speculation about further restrictions to tax relief on pensions in the Chancellor’s Autumn Budget. With the Chancellor looking to increase tax revenues without increasing tax rates, a raid on pension savings is an easy target as the cost of pension tax relief is - [Diary of main tax events October / November 2017](https://www.robinsonslondon.com/2017/10/10/diary-main-tax-events-october-november-2017/) - Tax diary: All the main tax events for October / November 2017 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [Taxing dividends in January](https://www.robinsonslondon.com/2017/10/10/may-tax-pay-dividends-january/) - The rules for taxing dividends changed radically from 6 April 2016 with the removal of the 10% notional tax credit and the introduction of new rates of tax on dividends. For many taxpayers there will be more tax to pay on those dividends on 31 January 2018. Up until 5 April 2016, the 10% - [Reclaiming foreign VAT on expenses](https://www.robinsonslondon.com/2017/10/10/reclaiming-foreign-vat-expenses/) - Did you know that you can reclaim your foreign VAT? If your business has suffered VAT on expenses incurred in another EU country, for example overseas hotel and restaurant bills, then it is possible to reclaim the foreign VAT. The foreign VAT must not however be reclaimed on the UK VAT return but by - [Advisory fuel rate for company cars](https://www.robinsonslondon.com/2017/10/10/advisory-fuel-rate-company-cars-5/) - These are the suggested reimbursement fuel rates for employees' private mileage using their company car from 1 September 2017. Where there has been a change the previous rate is shown in brackets. Engine Size Petrol Diesel LPG 1400cc or less 11p 7p 1600cc or less 9p 1401cc to 2000cc 13p (14p) 8p - [Must own 5% to qualify for CGT entrepreneurs relief](https://www.robinsonslondon.com/2017/10/10/must-5-ordinary-shares-qualify-cgt-entrepreneurs-relief/) - In order for a shareholder to qualify for CGT entrepreneurs relief on the disposal of their shares, they must be an officer or employee of the company (or group) and hold 5% or more of the company's ordinary share capital and voting rights for 12 months prior to the disposal. The company must also - [P11d benefits: When is a company van not a van?](https://www.robinsonslondon.com/2017/10/10/company-van-not-van/) - The P11d benefits on company vans are generally much lower than company cars and where private use of the van is merely incidental to its business use by the employee, then there is no taxable benefit at all. But when is a van not a van? In a recent tax tribunal case looking at - [Are spouses wages fully deductible?](https://www.robinsonslondon.com/2017/10/10/spouses-wages-fully-deductible/) - HMRC have recently won a tax tribunal case where they were seeking to challenge the deduction for a spouses wages in arriving at the profits of her husband’s business. The judge agreed with HMRC that the amount of spouses wages allowed as a deduction should be limited based on the hours spent and appropriate - [Diary of main tax events September / October 2017](https://www.robinsonslondon.com/2017/09/07/diary-main-tax-events-september-october-2017/) - Tax diary: All the main tax events for September / October 2017 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [Consider a hybrid company car - here's why](https://www.robinsonslondon.com/2017/09/07/changing-company-car-hybrid-next/) - From 2020 there will be a 2% benefit in kind for hybrid company cars that emit no CO2 such as electric and hydrogen powered cars. The next Finance Bill will include legislation to reduce significantly the taxable benefit on the provision of low CO2 emission cars from April 2020. At the same time the - [Trivial benefits](https://www.robinsonslondon.com/2017/09/07/trivial-benefits/) - Remember that from 6 April 2016, benefits are exempt from tax and NICs if all the following conditions are satisfied: the cost of providing the benefit does not exceed £50; the benefit is not cash or a cash voucher; the employee is not entitled to the benefit as part of their employment conditions; - [Reporting employee expenses and benefits](https://www.robinsonslondon.com/2017/09/07/reporting-expenses-benefits-provided-employees/) - HMRC have recently updated their toolkit dealing with reporting employee expenses and benefits in the light of significant recent changes in this area. HMRC toolkits are designed to help minimise the risk of errors in returns and computations and their use, although voluntary, will be taken into consideration in determining whether or not reasonable - [MTDfB: Aren't we already reporting VAT online?](https://www.robinsonslondon.com/2017/09/07/reporting-vat-online-arent-already/) - Last month we reported that the government had announced the delay of Making Tax Digital for Business (MTDfB) to 2020 at the earliest but that quarterly VAT reporting, using the new system will be mandatory from 2019. Surely we are doing that already you might say. However, currently businesses are only required to complete - [Is your company doing Research and Development?](https://www.robinsonslondon.com/2017/09/07/company-carrying-research-development/) - Many companies are still missing out on valuable tax breaks for expenditure on research and development (R&D). Revenue and Customs (HMRC) have recently updated their guidance on claiming R&D tax credit relief and have reminded companies that it is possible to obtain advance assurance that the R&D activities are eligible to make a claim. - [New company loss rules to go ahead](https://www.robinsonslondon.com/2017/09/07/new-company-loss-rules-go-ahead/) - The Finance Bill due to be debated in early September will finally include the new company loss rules for the set off of company losses that were originally announced in March 2016. As a result of the first Finance Act being rushed through due to the snap General Election the legislation to introduce the - [Diary of main tax events August / September 2017](https://www.robinsonslondon.com/2017/08/07/diary-main-tax-events-august-september-2017/) - Tax diary: All the main tax events for August / September 2017 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [Thinking of winding up your company?](https://www.robinsonslondon.com/2017/08/07/thinking-winding-company/) - Up until 6 April last year, the distribution of cash to shareholders on winding up your company using a liquidator, was usually taxed as a capital gain, potentially taxed at just 10% with the benefit of entrepreneurs’ relief. However, last year’s Finance Act introduced a targeted anti-avoidance rule that may tax such a distribution - [PAYE and NICs: HMRC win at Supreme Court](https://www.robinsonslondon.com/2017/08/07/hmrc-beat-glasgow-rangers-supreme-court/) - A PAYE and NICs avoidance scheme using Employee Benefit Trusts (EBTs) as a means of remunerating directors and staff has been defeated by HMRC in a recent Supreme Court case. Such schemes had been used by many employers to avoid PAYE and NICs and involved complicated trust structures and “loans” to the employees. The - [Working in the gig economy](https://www.robinsonslondon.com/2017/08/07/working-gig-economy/) - The House of Commons Work and Pensions Committee has recently published a report calling on the Government to close the loopholes of the gig economy that allow “bogus” self-employment practices, which burden the welfare state but reduce the tax contributions needed to sustain it. This follows the “Matthew Taylor” inquiry which took evidence during - [New government childcare schemes](https://www.robinsonslondon.com/2017/08/07/new-government-childcare-schemes/) - Working parents can start applying for two new Government childcare schemes launching this year – Tax-Free Childcare which begins immediately and 30 hours free childcare which starts in September. This means that working parents of children, aged under 4 on 31 August 2017, can now apply through the new digital childcare service for Tax-Free - [Second Finance Bill this Autumn](https://www.robinsonslondon.com/2017/08/07/second-finance-bill-autumn/) - It has also been announced that the second Finance Bill will legislate for all policies that were included in the pre-election Finance Bill but had to be dropped in order to rush through the Finance Act 2017 before the snap general election in June. The Government has re-confirmed that all policies originally announced to - [Making Tax Digital for business delayed](https://www.robinsonslondon.com/2017/08/07/making-tax-digital-business-delayed/) - The Government has responded to pressure from accountants and other interested parties and announced the delay of Making Tax Digital for Business to 2020 at the earliest. Quarterly VAT reporting using the new system will be mandatory from 2019. In a further U-turn, three million small businesses and buy to let landlords below the - [Making Tax Digital (MTD) - July Update](https://www.robinsonslondon.com/2017/07/31/making-tax-digital-mtd-july-update/) - Making Tax Digital (MTD) - July Update On the 13th July Ministers confirmed a new timetable for Making Tax Digital (MTD). From April 2019 businesses with a turnover above the VAT threshold (currently £85,000) will need to keep Digital records for VAT purposes. Businesses below the VAT threshold will now be exempt from requirements - [Diary of Main Tax Events - July / August 2017](https://www.robinsonslondon.com/2017/07/03/diary-main-tax-events-july-august-2017/) - Tax diary: All the main tax events for July / August 2017 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [Advisory fuel rate for company cars](https://www.robinsonslondon.com/2017/07/03/advisory-fuel-rate-company-cars-4/) - These are the suggested reimbursement rates for employees' private mileage using their company car from 1 June 2017. Where there has been a change the previous rate is shown in brackets. Engine Size Petrol Diesel LPG 1400cc or less 11p 7p 1600cc or less 9p 1401cc to 2000cc 14p 9p - [Motor racing sponsorship was tax deductible](https://www.robinsonslondon.com/2017/07/03/motor-racing-sponsorship-tax-deductible/) - In order for an expense to be tax deductible against business profits it must be incurred “wholly and exclusively” for the purposes of the trade. In a recent tax case a hotel owner near Silverstone sponsored his grand-daughter’s career as a racing driver by making payments through his company. The argument was that this - [One business or two for VAT?](https://www.robinsonslondon.com/2017/07/03/one-business-two-vat-hairdressers/) - One business or two for VAT? A recent VAT Tribunal had to decide whether two hairdressing businesses should be treated as a single business for the purposes of VAT registration. The distinction was critical as the two separate businesses were operating below the registration limit (currently £85,000) and the combined operation would have exceeded the - [What is this “dementia tax”?](https://www.robinsonslondon.com/2017/07/03/what-is-this-dementia-tax/) - The Conservative Party Manifesto announcement and subsequent U-Turn on the requirement to pay for social care may have caused many voters to switch their allegiance in the June Election. Although this so-called “Dementia tax” is not strictly a tax, paying for social care has become more important than Inheritance Tax for many families. If - [Implications of hung parliament](https://www.robinsonslondon.com/2017/07/03/implications-hung-parliament/) - The result of the General Election has left Teresa May and the Conservative Party clinging on to power with support from the Democratic Unionist Party (DUP) in Northern Ireland. This leads to a period of significant uncertainty for the country as the BREXIT negotiations are just about to start. Following the General Election there - [Is the Enterprise Investment Scheme (EIS) right for your business?](https://www.robinsonslondon.com/2017/06/26/enterprise-investment-scheme-eis-right-business/) - The Enterprise Investment Scheme (EIS) is designed for smaller, higher-risk trading companies to raise and build finances by offering tax relief to prospective investors. Such incentives are intended to counterweigh some of the risks. Entry into the scheme is subject to a decision and audit made by an appointed tax officer, thus a strong - [Robinsons partner with We Work](https://www.robinsonslondon.com/2017/06/05/robinsons-partner-work/) - This summer, as part of our ongoing programme of events and seminars, Robinsons have partnered with We Work, the flexible workspace provider. At a variety of We Work office locations across London, Robinsons have provided a series of drop-in surgeries for start-ups and entrepreneurs to stop in and ask us about their everyday concerns around tax. - [Diary of main tax events June / July 2017](https://www.robinsonslondon.com/2017/06/05/diary-main-tax-events-june-july-2017/) - Date What’s Due 1/06 Corporation tax for year to 31/8/16 (unless pay quarterly) 19/06 PAYE & NIC deductions, and CIS return and tax, for month to 5/6/17 (due 22/06 if you pay electronically) 1/07 Corporation tax for year to 30/9/16 (unless pay quarterly) 5/07 Last date for agreeing PAYE settlement agreements for 2016/17 employee - [Stamp duty on second homes](https://www.robinsonslondon.com/2017/06/05/stamp-duty-second-homes/) - Since 1 April 2016 there has been a 3% supplementary Stamp Duty Land Tax (SDLT) charge payable on the purchase of second and subsequent residential properties costing more than £40,000. This was clearly aimed at buy-to-let investors as well as those buying second homes. Note that this additional 3% charge does not apply where - [HMRC computer isn’t always correct](https://www.robinsonslondon.com/2017/06/05/hmrc-computer-isnt-always-correct/) - HM Revenue and Customs have acknowledged that their software and some commercial software used by accountants doesn’t always come up with the right amount of tax payable! You may have seen this reported in some newspapers such as the Daily Telegraph. This arises because the tax system of different income tax personal allowances, dividend - [Snap election means shorter finance act passed](https://www.robinsonslondon.com/2017/06/05/snap-election-means-shorter-finance-act-passed/) - The original Finance Bill published after the Spring Budget ran to nearly 700 pages. As a result of the announcement of the General Election on 8th June a significantly shorter Finance Bill was passed with many of the more detailed and more controversial measures being deferred to a later Bill. Whether those measures will - [Election on 8th June - what’s in the manifestos?](https://www.robinsonslondon.com/2017/06/05/election-8th-june-what-tax-measures-manifestos/) - The decision to call a snap General election on 8th June caught many of us by surprise. The various political parties have been rushing out their manifestos making all sorts of promises if elected. These documents are becoming increasingly important. Bringing in measures contrary to a manifesto, like the increase in Class 4 National - [Diary of main tax events May / June 2017](https://www.robinsonslondon.com/2017/05/05/diary-main-tax-events-may-june-2017/) - Date What’s Due 1/05 Corporation tax for year to 31/07/16 (unless quarterly payments apply) 19/05 PAYE & NIC deductions, and CIS return and tax, for month to 5/5/17 (due 22/05 if you pay electronically) 1/06 Corporation tax for year to 31/8/16 (unless pay quarterly) 19/06 PAYE & NIC deductions, and CIS return and tax, - [New tax free allowances started on 6 April](https://www.robinsonslondon.com/2017/05/05/new-tax-free-allowances-started-6-april/) - The £5,000 dividend and savings allowance of up to £1,000 have been with us since 6 April 2016. There are now two further allowances available since 6 April 2017. There are concerns that these have not been widely publicised and not properly understood. The first £1,000 allowance is against self-employed income. This is a - [Selling land to a developer - is that trading or a capital gain?](https://www.robinsonslondon.com/2017/05/05/selling-land-developer-trading-capital-gain/) - Farmers and other landowners will often be approached by developers seeking to obtain planning permission to build on the land. Great care is needed to avoid unnecessary tax charges on the transaction. HMRC have recently updated their guidance on transactions in land clarifying that under certain circumstances some of the eventual profit can be - [Additional IHT relief for passing on family home started 6 April](https://www.robinsonslondon.com/2017/05/05/additional-iht-relief-passing-family-home-started-6-april/) - For deaths on or after 6 April 2017 there is now an additional £100,000 inheritance tax (IHT) allowance where the family home is passed on to direct descendants. This was originally announced on 8 July 2015 and that date is relevant where the deceased has downsized to a lower value property. This additional relief - [Does the new 16.5% vat flat rate percentage apply to your business?](https://www.robinsonslondon.com/2017/05/05/new-16-5-vat-flat-rate-percentage-apply-business/) - The new VAT flat rate of 16.5% started to apply from 1 April 2017 for “limited cost traders”. A "limited cost trader" is one using the VAT flat rate scheme but where the VAT inclusive cost of goods for a year is less than 2% of VAT inclusive turnover, excluding certain specified items. - [Better to pay interest on your loan account than dividends if higher rate taxpayer](https://www.robinsonslondon.com/2017/05/05/better-pay-interest-loan-account-dividends-higher-rate-taxpayer/) - Ever since the introduction of the 7.5% increase in the rate of tax on dividends in April 2016, it has been more tax efficient for owner managed business shareholders to pay interest on their loans to the company rather than pay themselves dividends. The interest would be deductible against the company's profits saving corporation - [Should we give shares to children and pay £5,000 dividends tax free?](https://www.robinsonslondon.com/2017/05/05/give-shares-children-pay-5000-dividends-tax-free/) - The introduction of the £5,000 tax free dividend allowance has tempted many family company shareholders to give shares to other family members so that they can be paid £5,000 a year tax free. (Note that this allowance reduces to £2,000 from 6 April 2018). Such a strategy needs to be carefully structured as there - [U-turn on self-employed NICs - for now](https://www.robinsonslondon.com/2017/05/05/u-turn-self-employed-nics-now/) - In his first Budget on 8th March, the new Chancellor Phillip Hammond announced that he would level the playing field between employees and the self-employed by increasing Class 4 National Insurance Contributions (NICs) from 9% to 10% from 6 April 2018 and then to 11% from 6 April 2019. His justification is that the - [Diary of main tax events April / May 2017](https://www.robinsonslondon.com/2017/03/18/diary-main-tax-events-april-may-2017/) - Date What’s Due 01/04 Corporation tax for year to 30/06/2016 06/04 2017/18 tax year begins 19/04 Final RTI FPS due by this date. Indicate that this is Final Submission for the Tax Year 19/04 PAYE & NIC deductions, and CIS return and tax, for month to 5/04/17 (due 22/04 if you pay electronically) 01/05 - [New VAT limits](https://www.robinsonslondon.com/2017/03/18/new-vat-limits/) - As mentioned earlier, the VAT registration limit increases by £2,000 to £85,000 from 1 April 2017. At the same time the de-registration limit increases to £83,000. - [Advisory fuel rate for company cars](https://www.robinsonslondon.com/2017/03/18/advisory-fuel-rate-company-cars-3/) - These are the suggested reimbursement rates for employees' private mileage using their company car from 1 March 2017. Engine Size Petrol Diesel LPG 1400cc or less 11p 7p 1600cc or less 9p 1401cc to 2000cc 14p 9p 1601 to 2000cc 11p - [Business rates relief for small businesses](https://www.robinsonslondon.com/2017/03/18/business-rates-relief-small-businesses/) - There has been much lobbying from the small business sector to reduce business rates. The Chancellor stated that 600,000 small businesses currently benefit from small business rates relief. He also announced that no small business that is coming out of small business rates relief will pay more than £600 more in business rates - [Tax free childcare scheme starts 2017](https://www.robinsonslondon.com/2017/03/18/tax-free-childcare-scheme-starts-2017/) - The chancellor also announced that the new tax-free childcare scheme is due to start in 2017. The scheme will provide up to £2,000 a year in childcare support for each child under 12 where the parents save in a special account. If they save £8,000 the government will top up the account with 20% - [Corporate tax measures](https://www.robinsonslondon.com/2017/03/18/corporate-tax-measures/) - The Chancellor announced that the Government is committed to continue to have the lowest corporate tax rate of the G20 major trading nations. As already announced the corporation tax rate reduces to 19% from1 April 2017 and then to 17% from 1 April 2020. The corporation tax rate for small and medium sized companies - [Changing your accounting date can also delay the start of digital reporting](https://www.robinsonslondon.com/2017/03/18/changing-accounting-date-can-also-delay-start-digital-reporting/) - Another way of delaying the start of Making Tax Digital (MTD) would be to change the year end of your business. The legislation in the latest Finance Bill specifies that MTD will apply to accounting periods commencing on or after 6 April 2018. This means that if you currently prepare accounts to 30 April - [Start of digital reporting delayed for smaller businesses](https://www.robinsonslondon.com/2017/03/18/start-digital-reporting-delayed-smaller-businesses/) - The Government is committed to the "Making Tax Digital" (MTD) project which is scheduled to start in April 2018 with the first quarterly updates being submitted by the self-employed and property landlords in July 2018. Many business owners, professional advisers and the Treasury select committee had expressed concerns about the timescale for the introduction - [Tax free dividend allowance to be reduced to £2,000](https://www.robinsonslondon.com/2017/03/18/tax-free-dividend-allowance-reduced-2000/) - The Chancellor also announced measures to limit the rise in tax-driven incorporation. The £5,000 tax free dividend allowance introduced by George Osborne will be reduced to just £2,000 from 6 April 2018. Mr Hammond claimed that many smaller owner-managed businesses have incorporated as limited companies mainly for tax reasons. Typically the director/shareholders of such - [Diary of main tax events March / April 2017](https://www.robinsonslondon.com/2017/03/02/diary-main-tax-events-march-april-2017/) - Date What’s Due 1/03 Corporation tax payment for year to 31/5/16 (unless quarterly instalments apply) 19/03 PAYE & NIC deductions, and CIS return and tax, for month to 5/03/17 (due 22/03 if you pay electronically) 1/04 Corporation tax payment for year to 30/6/16 (unless quarterly instalments apply) 5/04 End of 2016/17 tax year. Many - [Buy new equipment before 6 April?](https://www.robinsonslondon.com/2017/03/02/buy-new-equipment-6-april/) - If you are running a business and making up accounts to 5 April, consider buying plant and machinery to take advantage of the Annual Investment Allowance (AIA) of £200,000. The AIA provides a 100% tax write off for equipment used in your business. This tax relief extends to fixtures and fittings within business - [Year end capital tax planning](https://www.robinsonslondon.com/2017/03/02/year-end-capital-tax-planning/) - Have you used your 2016/17 £11,100 annual capital gains exemption? Consider selling shares where the gain is less than £11,100 before 6 April 2017. Also, if you have any worthless shares, consider a negligible value claim to establish a capital loss. You may even be able to set off that capital loss against your - [Consider other tax efficient investments](https://www.robinsonslondon.com/2017/03/02/consider-tax-efficient-investments/) - If you are looking for investment opportunities, have you considered the Enterprise Investment Scheme (EIS)? These investments in certain qualifying companies allow you to set off 30% of the amount invested against your tax bill as well as capital gains tax (CGT) deferral. An even more generous tax break is available for investment in - [Have you used your 2016/17 ISA allowance?](https://www.robinsonslondon.com/2017/03/02/used-201617-isa-allowance/) - Your maximum annual investment in ISAs for 2016/17is £15,240. Your investment needs to be made before 6 April 2017. In addition, have you thought about investing for your children or grandchildren by setting up a Junior ISA? In the 2016/17 tax year, you can invest £4,080 into a Junior ISA for any child under - [Don’t lose your personal allowance!](https://www.robinsonslondon.com/2017/03/02/dont-lose-personal-allowance/) - For every £2 that your adjusted net income exceeds £100,000, the £11,000 personal allowance is reduced by £1. Pension contributions and Gift Aid can help to reduce adjusted net income and save tax at an effective rate of 60%. The restriction applies between £100,000 and £122,000 adjusted net income. Another way that you could - [Buying a company with losses](https://www.robinsonslondon.com/2017/03/02/buying-company-losses/) - The new flexible loss relief rules coming into effect from 1 April 2017, will make the purchase of a loss-making company attractive. For many years there has been anti-avoidance to block the use of such losses and it is proposed that these rules will continue to apply. The draft clauses in Finance Bill 2017 - [New company loss relief rules start on 1 April 2017](https://www.robinsonslondon.com/2017/03/02/new-company-loss-relief-rules-start-1-april-2017/) - New rules that will allow greater flexibility in the way that companies obtain relief for losses will apply to losses incurred from 1 April 2017 onward. These rules have been introduced to encourage companies to diversify as the losses may be available to offset against profits of another activity in a future period and - [Making Tax Digital to start in April 2018](https://www.robinsonslondon.com/2017/03/02/making-tax-digital-start-april-2018/) - Legislation to introduce Making Tax Digital (MTD) will be included in the Finance Bill 2017 and despite many objections that it was too soon, the new system of quarterly reporting will commence in April 2018 for the self-employed and property landlords. There were 1200 responses to the consultation documents issued in summer 2016 and - [New rules for IR35 workers in the public sector start 6 April 2017](https://www.robinsonslondon.com/2017/03/02/new-rules-ir35-workers-public-sector-start-6-april-2017/) - There are significant changes that commence on 6 April 2017 for workers in the public sector supplying their services via their own personal service companies or other intermediaries. From 6 April 2017 the public sector employer or agency that engages the worker will have to review the employment status of the worker and decide - [Diary of main tax events February / March 2017](https://www.robinsonslondon.com/2017/02/06/diary-main-tax-events-february-march-2017/) - Date What’s Due 1/02 Corporation Tax payment for year to 30/4/16 (unless quarterly instalments apply) 19/02 PAYE & NIC deductions, and CIS return and tax, for month to 5/02/17 (due 22/02 if you pay electronically) 28/02 Surcharge of 5% on 2015/16 self -assessment tax still unpaid. 1/03 Corporation Tax payment for year to 30/5/16 - [Property sales – trading or capital gain?](https://www.robinsonslondon.com/2017/02/06/property-sales-trading-capital-gain/) - In the December edition of this newsletter we flagged up that new anti-avoidance legislation in Finance Act 2016 will tax certain transactions in UK land as trading transactions instead of capital gains. Just before Christmas, HMRC issued guidance to clarify the scope of the new rules. The legislation as enacted in Finance Act 2016 - [Make your pension payments before 6 April](https://www.robinsonslondon.com/2017/02/06/make-pension-payments-6-april/) - The current annual pension limit remains at £40,000. In addition, unused relief from the previous three tax years may be utilised once the current £40,000 limit has been used. However, the relief from 2013/14 will lapse on 6 April 2017. If, for example, you have £10,000 unused allowance from 2013/14 you would need to - [Don’t forget your 2016/17 ISA allowance](https://www.robinsonslondon.com/2017/02/06/dont-forget-201617-isa-allowance/) - The current ISA allowance is £15,240, rising to £20,000 for 2017/18. Remember that there is no longer a 50% restriction on the amount that you can invest in a cash ISA; the £15,240 annual limit covers all ISA investments which could be in shares, bonds, cash or certain other investments. - [New Government savings scheme starts in April 2017](https://www.robinsonslondon.com/2017/02/06/new-government-savings-scheme-starts-april-2017/) - From April 2017, adults under the age of 40 will be able to open a Lifetime ISA (LISA) and pay in up to £4,000 each tax year. They will be able to continue making contributions up to the age of 50. The government will add a 25% bonus to these contributions. This means that - [Shareholders must also be officers or employees](https://www.robinsonslondon.com/2017/02/06/shareholders-must-also-officers-employees/) - In order to qualify for CGT entrepreneurs' relief on the disposal of shares, the shareholder must have been an officer or employee of the trading company or group throughout the twelve months up to the date of disposal. Although there is no minimum number of hours, it is important that there Is evidence that - [Do you have enough shares to qualify for CGT Entrepreneurs’ Relief?](https://www.robinsonslondon.com/2017/02/06/enough-shares-qualify-cgt-entrepreneurs-relief/) - Entrepreneurs' Relief reduces the rate of CGT to 10% on the first £10 million of gains on the disposal of qualifying business assets. This would include sole traders disposing of their business and partners disposing of their interest in a partnership carrying on a business. With many businesses operating as limited companies these days - [Making Tax Digital to be delayed?](https://www.robinsonslondon.com/2017/02/06/making-tax-digital-delayed/) - The Treasury Select Committee has reviewed the proposals for the introduction of “Making tax digital” (MTD) and have agreed with the various professional bodies that if the new systems are introduced too quickly there could be a disaster. It would significantly increase burdens on small businesses. In their report they comment that the overall benefits - [Diary of main tax events January / February 2017](https://www.robinsonslondon.com/2017/01/04/diary-main-tax-events-january-february-2017/) - Date What’s Due 1/01 Corporation tax payment for year to 31/3/16 (unless quarterly instalments apply) 19/01 PAYE & NIC deductions, and CIS return and tax, for month to 5/01/17 (due 22/01 if you pay electronically) 31/01 Self-Assessment tax return for 2015/16 due, together with balancing payment and 50% - [Advisory fuel rate for company cars](https://www.robinsonslondon.com/2017/01/04/advisory-fuel-rate-company-cars-2/) - These are the suggested reimbursement rates for employees' private mileage using their company car from 1 December 2016. Where there has been a change the previous rate is shown in brackets. Engine Size Petrol Diesel LPG 1400cc or less 11p 7p 1600cc or less 9p 1401cc to 2000cc 14p (13p) 9p - [More on the new higher VAT flat rate percentage](https://www.robinsonslondon.com/2017/01/04/new-higher-vat-flat-rate-percentage/) - As covered in the Autumn Statement newsletter a new VAT flat rate of 16.5% applies from 1 April 2017 for “limited cost traders”. This is being introduced as HMRC believe that the current system is being abused by some businesses providing their labour but who have very few costs. The flat rate scheme was - [Downsizing to a smaller property](https://www.robinsonslondon.com/2017/01/04/downsizing-smaller-property/) - One of the features of the new inheritance tax rules for passing on the family home is that the relief is protected even when you downsize to a smaller property. For example if a married couple currently live In a large house worth £800,000 and downsize to a flat worth £300,000 they could give - [Passing on the family home](https://www.robinsonslondon.com/2017/01/04/passing-family-home/) - New inheritance tax rules for passing on the family home start on 6 April 2017 and many people have a New Year’s Resolution to either make a Will or update their Wills. This new relief should be taken into consideration when drafting your Will and we can work with your solicitor to make sure - [Tax free childcare accounts to start 6 April 2017](https://www.robinsonslondon.com/2017/01/04/tax-free-childcare-accounts-start-6-april-2017/) - New tax-free childcare accounts were announced in 2014 to replace the employer-provided childcare voucher scheme. Introduction has been delayed by legal disputes with organisations involved in administering the existing scheme, but the new accounts will at last be introduced on a trial basis in early 2017. The new scheme will then be rolled out - [Don’t forget “rent a room” relief](https://www.robinsonslondon.com/2017/01/04/dont-forget-rent-room-relief/) - Whilst on the subject of tax free allowances remember that there is a further £7,500 a year allowance deducted from rent received from lodgers where you rent out part of your main residence. This allowance increased from £4,250 from 6 April 2016 so that now the first £7,500 rent from lodgers is tax free. - [More tax free allowances from 6 April 2017](https://www.robinsonslondon.com/2017/01/04/tax-free-allowances-6-april-2017/) - In addition to the current £5,000 tax free dividend allowance and the personal savings allowance of up to £1,000 there will be two further tax free allowances starting from 6 April 2017. These will be a new £1,000 tax free allowance for self-employed income and a £1,000 rental income allowance. These new allowances mean - [More bad news for public sector workers “off payroll”](https://www.robinsonslondon.com/2017/01/04/bad-news-public-sector-workers-off-payroll/) - In his Autumn Statement the Chancellor announced that the Government will implement significant changes to the taxation of workers providing their services to the public sector through their own company or via an agency. These new measures have now been included in draft clauses to be included in Finance Act 2017 which were issued - [Tax return revolution coming in 2017, no more ‘shoebox accounting’](https://www.robinsonslondon.com/2017/01/03/tax-return-revolution-coming-2017-no-shoebox-accounting/) - SMEs need to go digital or will face HMRC fines 2017 will see the biggest shake-up in tax reporting since the introduction of self-assessment as the government finally publishes proposals to make SMEs submit quarterly tax returns online. The measure is set to be clarified by government in 2017 as part of its programme to - [Diary of main events for December 2016 / January 2017](https://www.robinsonslondon.com/2016/12/05/diary-main-events-december-2016-january-2017/) - Date What’s Due 1/12 Corporation tax payment for year to 29/02/16 (unless quarterly instalments apply) 19/12 PAYE & NIC deductions, and CIS return and tax, for month to 05/12/16 (due 22/12 if you pay electronically) 30/12 Deadline for filing 2015/16 tax return online in order to request that - [Penalties for careless errors in accounting records](https://www.robinsonslondon.com/2016/12/05/penalties-careless-errors-accounting-records/) - Where additional tax is payable as the result of an HMRC enquiry and it is shown that the additional tax is due to poor accounting records, the maximum penalty that can be imposed is 30% of the additional tax for failure to take reasonable care. Where the error is deliberate, the penalty will be - [Inheritance Tax implications of new domicile rules](https://www.robinsonslondon.com/2016/12/05/inheritance-tax-implications-new-domicile-rules/) - Individuals who are domiciled in the UK are subject to inheritance tax (IHT) on their worldwide assets wherever situated. Non-UK domiciled individuals are currently only subject to IHT on their UK assets. Classic planning for non-doms was to hold UK assets, particularly UK houses, through an offshore trust or company. The consultation on proposed - [Proposed changes to UK domicile rules](https://www.robinsonslondon.com/2016/12/05/proposed-changes-uk-domicile-rules/) - Where an individual is resident but not domiciled in the UK there are special rules that apply to that person's overseas income and capital gains. Plus only their UK assets are charged to inheritance tax. The government has been consulting this summer on possible changes to the rules from 6 April 2017. Currently the - [Another 100% tax relief ends next year - act soon](https://www.robinsonslondon.com/2016/12/05/another-100-tax-relief-ends-next-year-act-soon/) - Currently the business premises renovation allowance provides 100% tax relief for the cost of renovating a commercial property located in one of the 2,000 or so designated disadvantaged areas, provided it has been out of commercial use for at least 12 months. The premises should then be brought back into commercial usage or rented - [100% tax relief for low emission cards to continue](https://www.robinsonslondon.com/2016/12/05/100-tax-relief-low-emission-cards-continue/) - Currently 100% capital allowances are available when a business buys a motor car with CO2 emissions of no more than 75 grams per kilometer. Legislation has now been passed to reduce the threshold to just 50 grams from April 2018 but also to continue the tax relief for 3 years until 2021. Normally motor - [Income Tax not CGT on property sale](https://www.robinsonslondon.com/2016/12/05/income-tax-not-cgt-property-sale/) - Finance Act 2016 brought in new rules to ensure that overseas property traders and developers are subject to UK income tax or corporation tax when they dispose of UK properties from 5 July 2016. However the way in which the legislation is drafted may catch some buy-to-let landlords. The new rules treat UK property - [Autumn Statement 2016: Making Tax Digital and other matters](https://www.robinsonslondon.com/2016/11/25/autumn-statement-2016-summary-matters/) - The following post seeks to provide an overview of the other matters covered by the Autumn Statement delivered on 23rd November 2016. That is to say, topics such as Making Tax Digital, non-UK domiciles, residential property, Business Investment Relief, VAT Flat Rate Scheme, Insurance Premium Tax, and end of the Autumn Statement itself. Making Tax Digital - [Autumn Statement 2016: Summary of Capital Taxes](https://www.robinsonslondon.com/2016/11/25/autumn-statement-2016-summary-capital-taxes/) - The following post seeks to provide an overview of the Capital Taxes covered by the Autumn Statement delivered on 23rd November 2016. Capital gains tax (CGT) rates The current rates of CGT are 10%, to the extent that any income tax basic rate band is available, and 20% thereafter. Higher rates of 18% and 28% apply for certain - [Autumn Statement 2016: Summary of employment and payroll issues](https://www.robinsonslondon.com/2016/11/25/autumn-statement-2016-summary-employment-payroll-issues/) - The following post seeks to provide an overview of employment and payroll issues covered by the Autumn Statement delivered on 23rd November 2016. Off-payroll working in the public sector From April 2017, where workers are engaged through their own limited company to work for a public sector body, responsibility to apply the intermediaries rules (commonly known - [Autumn Statement 2016: Business Tax summary](https://www.robinsonslondon.com/2016/11/25/autumn-statement-2016-business-tax-summary/) - The following post seeks to provide an overview of Business Tax implications from the Autumn Statement delivered on 23rd November 2016. Corporation tax rates Corporation tax rates have already been enacted for periods up to 31 March 2021. The main rate of corporation tax is currently 20%. The rate will then be reduced as follows: 19% - [Autumn Statement 2016: Personal Tax summary](https://www.robinsonslondon.com/2016/11/25/autumn-statement-2016-personal-tax-summary/) - The following post seeks to provide an overview of Personal Tax implications from the Autumn Statement delivered on 23rd November 2016. The personal allowance The personal allowance is currently £11,000. Legislation has already been enacted to increase the allowance to £11,500 for 2017/18. Not everyone has the benefit of the full personal allowance. There is - [What will VAT look like after we leave the EU?](https://www.robinsonslondon.com/2016/10/31/will-vat-look-like-leave-eu/) - In 2015/16, over £100 billion was raised through VAT, making it the when for the Treasury. As such, the United Kingdom is extremely unlikely to abolish VAT after we leave. That said, there is simply not enough time for the Treasury to come up with a new tax system in place VAT before we - [Diary of main tax events: November / December 2016](https://www.robinsonslondon.com/2016/10/31/diary-main-events-november-december/) - Main tax events: November / December 2016 Welcome to the diary pages. Please find below the main tax events for November / December 2016: Date What’s Due 1/11 Corporation tax for year to 31/01/16 19/11 PAYE & NIC deductions, and CIS return and tax, for month to 5/11/16 (due 22/11 if you pay electronically) 1/12 - [Quarterly report by employment intermediaries](https://www.robinsonslondon.com/2016/10/31/quarterly-report-employment-intermediaries/) - Employment intermediaries required to make quarterly reports Since the 6 April 2015, employment agencies and other intermediaries have been required to make quarterly reports of payments where no tax has been deducted from the payments. This has included payments made directly to workers or via partnerships, LLPs and companies. Recently though, HMRC have updated their - [Don’t miss out on tax relief on R&D](https://www.robinsonslondon.com/2016/10/31/dont-miss-tax-relief-rd/) - The government is concerned that many small companies are missing out on generous R&D tax credits. For the last year HMRC have been offering companies an advance assurance scheme to check whether or not their activities qualify before they make a claim. So far over 200 applications for advance assurance have been made. There - [Have you declared your overseas income and gains?](https://www.robinsonslondon.com/2016/10/31/declared-overseas-income-gains/) - Where an individual is resident in the UK, he or she is generally taxable on worldwide income and gains whether or not it is brought back into the UK. Again, there can be significant interest and penalties on top of the unpaid tax if HMRC find out. HMRC now exchange information involving savings and - [Have you declared all of your credit card sales?](https://www.robinsonslondon.com/2016/10/31/declared-credit-card-sales/) - Where credit card sales have been omitted from business takings, HMRC are encouraging taxpayers to come forward and make a disclosure of the income that has been omitted to avoid incurring interest and penalties on top of the unpaid tax. As you may be aware HMRC now receive information from third parties such as - [Splitting the income of married couples](https://www.robinsonslondon.com/2016/10/31/splitting-income-married-couples/) - Where a married couple hold savings accounts and other investments in joint names, the income from those investments is split 50:50 for tax purposes, unless there is an election to allocate the income in accordance with their beneficial interests. This is particularly important where the couples' marginal tax rates are different now that there - [Christmas is coming! - new rules for gifts to staff](https://www.robinsonslondon.com/2016/10/31/christmas-coming-new-rules-gifts-staff/) - From 6 April 2016 new rules were introduced to allow employers to provide their directors and employees with certain “trivial” benefits in kind, tax-free. The new rules are a simplification measure so that certain benefits in kind will not need to be reported to HMRC, as well as being tax free for the employee. - [Diary of main tax events October / november 2016](https://www.robinsonslondon.com/2016/10/06/diary-main-tax-events-october-november-2016/) - Date What’s Due 1/10 Corporation tax for year to 31/12/15 5/10 Deadline for notifying HMRC of chargeability for 2015/16 if not within Self-Assessment and receive income or gains on which tax is due 19/10 PAYE & NIC deductions, and CIS return and tax, for month to 5/10/16 (due 22/10 if you pay electronically) 1/11 - [Advisory fuel rate for company cars](https://www.robinsonslondon.com/2016/10/06/advisory-fuel-rate-company-cars/) - These are the suggested reimbursement rates for employees' private mileage using their company car from 1 September 2016. Where there has been a change the previous rate is shown in brackets. Engine Size Petrol Diesel LPG 1400cc or less 10p 7p 1600cc or less 9p (8p) 1401cc to 2000cc 13p (12p) - [Changes to farmers averaging](https://www.robinsonslondon.com/2016/10/06/changes-farmers-averaging/) - From 2016/17 onwards farmers now have the option to smooth out their profits over two or five tax years as the result of a change in Finance Act 2016. Farmers’ and market gardeners’ profits often fluctuate wildly from one year to the next and the tax rules for many years have allowed them to - [Possible new look-through entity?](https://www.robinsonslondon.com/2016/09/12/possible-new-look-entity/) - In the March Budget it was announced that the Government are considering the introduction of a completely new system of small company taxation and have asked the Office of Tax Simplification (OTS) to consider this possible new system in more detail. It is proposed that the new system, if introduced, would apply to micro-entities - [Buying a loss making company](https://www.robinsonslondon.com/2016/09/12/buying-loss-making-company/) - Another important announcement in the March Budget was the proposed relaxation in the rules for setting off a company's losses against the profits of future periods. These proposed changes that will allow set off against profits of any source are currently being consulted on and, if enacted, will apply to losses arising from 1 - [Diary of main tax events for September / October 2016](https://www.robinsonslondon.com/2016/09/12/diary-main-tax-events-september-october-2016/) - Date What’s Due 1 September Corporation tax for year to 30/11/15 19 September PAYE & NIC deductions, and CIS return and tax, for month to 5/9/16 (due 22 September if you pay electronically) 1 October Corporation tax for year to 31/12/15 5 October Deadline for notifying HMRC of chargeability for 2015/16 if not within - [Liquidating a company - is it a capital gain?](https://www.robinsonslondon.com/2016/09/12/liquidating-company-capital-gain/) - One of the anti-avoidance measures being introduced by the latest Finance Bill potentially changes the way that certain payments to shareholders will be taxed. This may result in payments following some company liquidations being taxed as dividends instead of capital gains. The Government is concerned that the new higher rates of income tax that - [VAT on incorporation of a business](https://www.robinsonslondon.com/2016/09/12/vat-incorporation-business/) - Despite the new dividend rules and the possible introduction of a new "look-though" entity many unincorporated businesses are still considering trading as a limited company. It is also important to consider the VAT implications of incorporation. Where the new company carries on the same kind of business as the predecessor, the transfer of the - [Notification of chargeability](https://www.robinsonslondon.com/2016/09/12/notification-of-chargeability/) - As set out in this month’s tax diary, individuals are required to notify HMRC by 5 October 2016 if they are not within Self-Assessment and receive income or gains on which tax is due. Many employees without significant other income do not receive a Self- Assessment Tax return as their tax is collected under - [Brexit – what are the tax implications?](https://www.robinsonslondon.com/2016/08/04/brexit-tax-implications/) - One of the main reasons that individuals voted "leave" was to restore fiscal sovereignty to the UK so that we are able to set our own laws, in particular tax law, without interference from Brussels. Significant tax changes currently require “State Aid” approval and we have seen many recent tax changes forced on us - [Possible VAT changes](https://www.robinsonslondon.com/2016/08/04/possible-vat-changes/) - VAT is a European tax. Withdrawal from the EU means that UK VAT law will no longer be governed by the EU VAT Directive. In Budget 2016 it was announced that VAT would raise £138bn revenue for the UK Treasury in 2016/17, second only to income tax and about £100bn more than corporation tax. - [Possible Customs Duty changes](https://www.robinsonslondon.com/2016/08/04/possible-customs-duty-changes/) - This potentially has a major impact and very much depends on the negotiation of a Free Trade Agreement (“FTA”) with the EU. Without an FTA, the normal WTO tariffs apply. For example, for a UK car manufacturer selling cars to its’ French subsidiary would result in a 10% duty tariff, being imposed on the - [Diary of Main Tax Events - August / September 2016](https://www.robinsonslondon.com/2016/08/04/tax-diary-main-events-august-september-2016/) - Tax diary: All the main tax events for August / September 2016 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [New Chancellor, a new tax strategy?](https://www.robinsonslondon.com/2016/08/04/new-chancellor-new-tax-strategy/) - George Osborne, a leading member of the “remain” campaign, pledged to cut corporation tax to encourage investment in the UK in response to the referendum result. In an interview with the Financial Times, the former chancellor said he would reduce the rate to below 15%, although he did not mention any timescale. It will - [Five post-Brexit actions for London SMEs](https://www.robinsonslondon.com/2016/07/11/five-post-brexit-actions-london-smes/) - Five post-Brexit actions for London SMEs Brexit vote already impacting local business decisions -- Lack of political leadership a key concern of SMEs after Brexit vote -- A survey of over 800 London SMEs has found that the vote to leave the EU is already impacting their ability to make critical business decisions. The following - [Should i use the VAT Flat Rate Scheme for my small business?](https://www.robinsonslondon.com/2016/07/04/vat-flat-rate-scheme-small-business/) - The VAT Flat Rate Scheme is intended to simplify VAT accounting and reporting for small businesses, and some may even find that they pay less VAT than using normal VAT accounting. To join the scheme your VAT turnover must be £150,000 or less (excluding VAT), and you must apply to HMRC to use the - [Thinking about incorporating your business?](https://www.robinsonslondon.com/2016/07/04/thinking-incorporating-business/) - Where a sole trader, partnership or LLP has established a significant value for the goodwill of their business it was possible up until 3 December 2014 to transfer that goodwill to a limited company and pay just 10% capital gains tax by claiming entrepreneurs’ relief. The former owner(s) could then draw down on the - [Reporting benefits in kind and shares issued to employees and directors](https://www.robinsonslondon.com/2016/07/04/reporting-benefits-kind-shares-issued-employees-directors/) - It’s that time of year again when the annual return of benefits in kind and expenses paid on behalf of directors and employees needs to be made to HMRC. Unless the employer holds a dispensation, this includes expenses such as travel and subsistence that are reimbursed to employees and directors. Note however that from - [Trivial benefits in kind now exempt](https://www.robinsonslondon.com/2016/07/04/trivial-benefits-kind-now-exempt/) - Employees are no longer taxable on trivial benefits in kind, provided the cost to the employer is less than £50. This must not be cash or vouchers or a reward for past or future services but is intended to cover gifts of flowers on a birthday or a turkey at Christmas. - [Company car advisory fuel rates](https://www.robinsonslondon.com/2016/07/04/company-car-advisory-fuel-rates/) - These rates are the suggested reimbursement rates for employees’ private mileage in their company cars and are reviewed each quarter on 1 March, 1 June, 1 September and 1 December. In line with an increase in fuel prices, the rates that apply from 1 June 2016 are shown below: engine size petrol diesel LPG - [Tax diary of main events for July / August 2016](https://www.robinsonslondon.com/2016/07/04/tax-diary-main-events-july-august-2016/) - Tax diary: All the main tax events for July / August 2016 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [PROTECT YOUR BUSINESS FROM BREXIT UNCERTAINTY… PLAN FOR A MORE FLEXIBLE, RESPONSIVE FUTURE.](https://www.robinsonslondon.com/2016/06/29/protect-business-brexit-uncertainty-plan-flexible-responsive-future/) - PROTECT YOUR BUSINESS FROM BREXIT UNCERTAINTY… PLAN FOR A MORE FLEXIBLE, RESPONSIVE FUTURE. Are you feeling a little anxious about Brexit and the future of your business? There’s no doubt about it, uncertainty leads to serious questions about plans for future growth. From staff-retention to client-retention, contingency planning to acquisitions, the element of the - [Changes next year for public sector workers "off payroll"](https://www.robinsonslondon.com/2016/06/06/changes-next-year-public-sector-workers-off-payroll/) - It was announced in the March Budget that Finance Bill 2017 will include measures to change the rules for those workers supplying their services to public sector bodies via their own company. The current rules require the intermediary to consider whether or not the IR35 rules apply to the engagement, and if so apply - [Tax relief for travel expenses for ir35 workers](https://www.robinsonslondon.com/2016/06/06/tax-relief-travel-expenses-ir35-workers/) - Another measure affecting such workers, and those in the private sector, concerns tax relief for travel and subsistence expenses. New legislation in the current Finance Bill 2016 seeks to deny relief for travel and subsistence expenses incurred by workers caught by the IR35 rules. The restriction will also apply to agency workers where there - [Changes to Construction Industry Scheme (CIS) reporting](https://www.robinsonslondon.com/2016/06/06/changes-construction-industry-scheme-cis-reporting/) - Following the abolition of monthly paper CIS returns from 6 April 2016 HMRC have indicated that some leniency will be allowed for late returns for the first three months of the new tax year. Contractors and other businesses required to operate CIS now have to submit their returns online. It is proposed that from - [Thinking of building your own house? You can reclaim the vat](https://www.robinsonslondon.com/2016/06/06/thinking-building-house-can-reclaim-vat/) - You can apply to HMRC for a VAT refund on building materials and services if you are building a new home, or converting a property into a home. In order to qualify the home must be separate and self-contained, be for you or your family to live or holiday in, and not be for - [Scottish taxes](https://www.robinsonslondon.com/2016/06/06/scottish-taxes/) - In these newsletters we tend to focus on tax matters that apply generally throughout the UK. However, under powers devolved to the Scottish Government there is now a different system of tax for the transfer of property in Scotland instead of SDLT. Please contact us if you are considering buying a property in Scotland. - [Diary of Main Tax Events - June / July 2016](https://www.robinsonslondon.com/2016/06/06/tax-diary-main-events-june-july-2016/) - Tax diary: All the main tax events for June / July 2016 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [The new tax season has started](https://www.robinsonslondon.com/2016/05/03/new-tax-season-started/) - A new tax season is on us and this provides opportunities for tax planning. We suggest that one of the most important tasks is to gather information for the year just past while it is to hand in April so that it can be sent to us in good time, and we can assist - [Diary of Main Tax Events - May / June 2016](https://www.robinsonslondon.com/2016/05/03/tax-diary-main-events-may-june-2016/) - Tax diary: All the main tax events for May / June 2016 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [Supplying digital services to customers in other eu countries?](https://www.robinsonslondon.com/2016/05/03/supplying-digital-services-customers-eu-countries/) - The VAT place of supply rules changed on 1 January 2015 where digital services are supplied to non-business customers. The place of supply changed from where the supplier was based to where the customer is located as some companies were avoiding UK VAT. This rule change had serious implications for small businesses supplying digital - [Inheritance tax planning using the new lifetime isa](https://www.robinsonslondon.com/2016/05/03/inheritance-tax-planning-using-new-lifetime-isa/) - Budget 2016 announced a new “Lifetime ISA” that will be available to those aged between 18 and 40 from 6 April 2017. The Government will add 25% to the amount saved subject to a maximum of £4,000 a year (plus £1,000 from the Government). It seems there will be no requirement that the savings - [Interest free loans and the new accounting rules](https://www.robinsonslondon.com/2016/05/03/interest-free-loans-new-accounting-rules/) - One of the areas where there may be a change in your company’s accounts is where you have received or made a loan that is interest free or at less than market rates. Unless the loan is repayable on demand the new accounting rules require the loan to be recorded in the accounts on - [Tax implications of new accounting rules](https://www.robinsonslondon.com/2016/05/03/tax-implications-new-accounting-rules/) - The calculation of profits for tax purposes is based on the profits of the business computed in accordance with Generally Accepted Accounting Principles. The introduction of a new accounting standard (FRS 102) means that some of the figures in your accounts may need to be restated and these changes may have tax implications. We - [Employment allowance is now £3,000 but not single director companies](https://www.robinsonslondon.com/2016/05/03/employment-allowance-now-3000-not-single-director-companies/) - For the last two years there has been a £2,000 allowance available to employers to set against their employers National Insurance liability for the year. This increased to £3,000 from 6 April 2016 and no action is required if you claimed the allowance for 2015/16. However, from 6 April 2016, limited companies where the - [Making tax digital – too soon?](https://www.robinsonslondon.com/2016/05/03/making-tax-digital-soon/) - George Osborne announced the introduction of digital tax accounts in his 2015 Budget, with more information being sent online to HM Revenue and Customs (HMRC) by employers, pension funds, banks and other institutions. This information will then be used to calculate individuals’ tax liabilities which may be viewed by them online. All this sounds - [£150m tax hike to hit London economy from April](https://www.robinsonslondon.com/2016/03/22/150m-tax-hike-to-hit-london-economy-from-april/) - 600,000 businesses to lose out Owner managed businesses in the capital are urged to take action to reduce the impact of the changes to dividend tax relief which will hit 600,000 London businesses from 6 April, according to Robinsons, one of the leading SME accounting firms in London. Under the new tax regime business owners - [Budget 2016 - key points](https://www.robinsonslondon.com/2016/03/18/budget-2016-key-points/) - Some 600,000 small business to be taken out of business rates. George Osborne has announced that some 600,000 small businesses will be taken out of business rates from next year. Also approximately 250,000 firms will pay less in business rates under the plans announced in the budget. In the Budget it was confirmed that Small Business - [Diary of Main Tax Events - March / April 2016](https://www.robinsonslondon.com/2016/03/16/tax-diary-of-main-events-march-2016/) - Tax diary: All the main tax events for March / April 2016 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [BUT DELAY REPLACING FURNITURE IN BUY TO LETS UNTIL AFTER 6 APRIL 2016?](https://www.robinsonslondon.com/2016/03/16/but-delay-replacing-furniture-in-buy-to-lets-until-after-6-april-2016/) - Tax relief for the replacement of furniture, including white goods, is being reinstated where the expenditure is incurred on or after 6 April 2016. This is good news for those landlords renting out properties unfurnished but providing white goods where the tax relief had been withdrawn in 2013. - [CONSIDER PAYING DIVIDENDS BEFORE 6 APRIL 2016](https://www.robinsonslondon.com/2016/03/16/consider-paying-dividends-before-6-april-2016/) - Something that we have mentioned in previous newsletters for those running their own companies is to consider paying dividends before 6 April 2016 when the new system of dividend taxation starts. Although the first £5,000 of dividends will be taxed at 0% from 2016/17, once that has been used up there will be a 7.5% - [BUY NEW MACHINERY BEFORE 6 APRIL?](https://www.robinsonslondon.com/2016/03/16/buy-new-machinery-before-6-april/) - Those running a business and making up accounts to 5 April should consider buying plant and machinery to take advantage of the Annual Investment Allowance (AIA) of £200,000. The AIA provides a 100% tax write off for equipment used in your business. This tax relief extends to fixtures and fittings within business premises such as - [INHERITANCE TAX PLANNING BEFORE 6 APRIL 2016](https://www.robinsonslondon.com/2016/03/16/inheritance-tax-planning-before-6-april-2016/) - Have you made use of your annual Inheritance Tax (IHT) exemptions? The annual exemption is £3,000 per donor (plus last year’s £3,000 exemption if you did not use it). Also consider making regular gifts out of your income to minimise the growth of your estate that will be liable to IHT. Gifts out of your - [USED YOUR 2015/16 ISA ALLOWANCE?](https://www.robinsonslondon.com/2016/03/16/used-your-201516-isa-allowance/) - Your maximum annual investment in ISAs for 2015/16 is £15,240. Your investment needs to be made before 6 April 2016. In addition, have you thought about investing for your children or grandchildren by setting up a Junior ISA? In the 2015/16 tax year, you can invest £4,080 into a Junior ISA for any child under - [YEAR END CAPITAL GAINS TAX PLANNING](https://www.robinsonslondon.com/2016/03/16/year-end-capital-gains-tax-planning/) - Have you used your 2015/16 £11,100 annual exemption? Consider selling shares where the gain is less than £11,100 before 6 April 2016. Also, if you have any worthless shares, consider a negligible value claim to establish a capital loss. You may even be able to set off that capital loss against your income under certain - [MAKE CHARITABLE PAYMENTS UNDER GIFT AID TO SAVE MORE TAX](https://www.robinsonslondon.com/2016/03/16/make-charitable-payments-under-gift-aid-to-save-more-tax/) - Higher rate taxpayers should make any charitable payments under Gift Aid so that they obtain additional tax relief. The charity will also be able to reclaim the basic rate tax from HMRC making it even better. - [YEAR END PENSION PLANNING](https://www.robinsonslondon.com/2016/03/16/year-end-pension-planning/) - Take advantage of the pension carry forward rules in order to benefit from any unused allowances from the previous three tax years. This is generally the difference between the old £50,000 annual pension allowance and your pension input that year and can be added to your relief for 2015/16. Note that the annual pension allowance - [DON’T LOSE YOUR PERSONAL ALLOWANCE](https://www.robinsonslondon.com/2016/03/16/dont-lose-your-personal-allowance/) - For every £2 that your adjusted net income exceeds £100,000, the £10,600 personal allowance is reduced by £1. Pension contributions and Gift Aid can help to reduce adjusted net income and save tax at an effective rate of 60%. - [Diary of Main Tax Events - February / March 2016](https://www.robinsonslondon.com/2016/02/26/tax-diary-of-main-events/) - Tax diary: All the main tax events for February / March 2016 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [End of year PAYE return reminder](https://www.robinsonslondon.com/2016/02/26/end-of-year-paye-return-reminder/) - End of year PAYE return reminder Under RTI the end of year form P35 was replaced by the Final Full Payment (FPS) submission. Send your final FPS on or before your employees’ last payday of the tax year (5 April) instead of the old 19 April deadline. Remember to put ‘Yes’ in the ‘Final - [RTI concessions for small employers to end from 6 April 2016](https://www.robinsonslondon.com/2016/02/26/rti-concessions-small-employers-end-6-april-2016/) - RTI concessions for small employers to end from 6 April 2016 The Government announced at Autumn Statement 2015 that the current two year temporary reporting relaxation will end as planned on 5 April 2016. The relaxation permitted employers who at 5 April 2014 employed no more than 9 employees, to report their PAYE information - [Tax charge on annuity sales to be reduced from April 2017](https://www.robinsonslondon.com/2016/02/26/tax-charge-on-annuity-sales-to-be-reduced-from-april-2017/) - Tax charge on annuity sales to be reduced from April 2017 The Government has confirmed that from 6 April 2017, tax restrictions for people looking to sell annuities will be removed, giving those with existing annuity, and anyone who purchases an annuity in the future, the freedom to sell their right to future income - [Does your company operate in an enterprise zone?](https://www.robinsonslondon.com/2016/02/26/does-your-company-operate-in-an-enterprise-zone/) - Does your company operate in an enterprise zone? If your company is located in one of the 30 or so enterprise zones, there are significant Government incentives to encourage investment. HMRC have added maps to their online guidance, showing sites within enterprise zones that offer 100% first-year allowances for companies investing in new plant - [Contracting out of additional state pension ends 5 April 2016](https://www.robinsonslondon.com/2016/02/26/contracting-out-of-additional-state-pension-ends-5-april-2016/) - Contracting out of additional state pension ends 5 April 2016 From 6 April 2016 employees of contracted-out defined benefit (DB) schemes will automatically be brought back into the State Pension scheme and will no longer be able to use a contracted-out salary related (COSR) occupational pension scheme to contract out of the State Scheme. - [Consultation on 3% SDLT supplement on second homes from April 2016](https://www.robinsonslondon.com/2016/02/26/consultation-3-sdlt-supplement-second-homes-april-2016/) - Consultation on 3% SDLT supplement on second homes from April 2016 HMRC are consulting on the details of the higher rates of stamp duty land tax (SDLT) on purchases of additional residential properties announced in the 2015 Autumn Statement. The Government will include detailed rules in the Budget on 16 March 2016. The higher - [Single director companies excluded from £3,000 NIC employment allowance](https://www.robinsonslondon.com/2016/02/26/single-director-companies-excluded-from-3000-nic-employment-allowance/) - Single director companies excluded from £3,000 NIC employment allowance From 6 April 2016 the Employment Allowance increases from £2,000 to £3,000, but if you’re the only employee in a company, and also the director, your company will no longer be eligible for the NICs Employment Allowance. HMRC is currently consulting on the draft legislation - [Top ten issues facing london SMEs in 2016](https://www.robinsonslondon.com/2016/01/19/top-ten-issues-facing-london-smes-2016/) - News: January 2016 Security risk in London key concern in 2016 for SME business owners A survey from Robinsons, one of the leading SME accounting firms in London, has established that employee’s fear of traveling in London is one of the key concerns of SME business owners in 2016. The finding came from a survey - [Tax credit u-turn](https://www.robinsonslondon.com/2015/12/01/2015-12-s01-tax-2/) - News: December 2015 Tax credit u-turn In the Summer Budget the Chancellor proposed cutting the rates and thresholds for working and child tax credits. This would have reduced the income of many low-paid families significantly. The House of Lords blocked the legislation which was to have introduced this change. The Chancellor has now announced that - [Property investors hit with stamp duty land tax increases](https://www.robinsonslondon.com/2015/12/01/2015-12-s02-tax-2/) - News: December 2015 Property investors hit with stamp duty land tax increases In the Summer Budget the Chancellor announced a restriction on the deductibility of interest from rental income for individual landlords of residential property. This restriction will be phased in from 2017/18 to 2020/21, and it may make letting uneconomic for landlords whose businesses - [...And will have to pay CGT earlier](https://www.robinsonslondon.com/2015/12/01/2015-12-s03-tax-2/) - News: December 2015 ...And will have to pay CGT earlier CGT is normally payable by individuals by 31 January after the end of the tax year in which the gain arose. This gives the taxpayer between 10 and 22 months from receipt of the proceeds to calculate the tax due and pay it over to - [No change in ISA limits for 2016/17](https://www.robinsonslondon.com/2015/12/01/2015-12-s04-tax-2/) - News: December 2015 No change in ISA limits for 2016/17 The annual limit for savings in an ISA has been frozen at £15,240 for 2016/17. The Junior ISAs limit has been frozen at £4,080. - [Car and fuel benefit charges](https://www.robinsonslondon.com/2015/12/01/2015-12-s05-tax-2/) - News: December 2015 Car and fuel benefit charges Diesel company cars currently carry a 3% supplement on the percentage of list price used to calculate the taxable benefit. This diesel supplement was to be removed from 6 April 2016, but it will now stay in place until 2020/21. Employees and directors with company cars, and - [Private use of company vans](https://www.robinsonslondon.com/2015/12/01/2015-12-s06-tax-2/) - News: December 2015 Private use of company vans Where employees are provided with a company van, the taxable benefit increases from £3,150 to £3,170 for 2016/17 and there will be an additional taxable benefit of £598 where private fuel is provided by their employer. Note that this charge does not apply to all company van - [Company car advisory fuel rates](https://www.robinsonslondon.com/2015/12/01/2015-12-s07-tax-2/) - News: December 2015 Company car advisory fuel rates Not part of the Autumn Statement, but you need to know that some of the rates are reduced from 1 December 2015 (previous rates are shown in brackets where there was a change): engine size petrol diesel LPG 1,400 cc or less 11p 7p 1,600 cc or - [National insurance rates frozen for 2016/17](https://www.robinsonslondon.com/2015/12/01/2015-12-s08-tax-2/) - News: December 2015 National insurance rates frozen for 2016/17 There will be no increase in the rates of national contributions (NICs) for employers, employees nor the Class 4 rate for the self-employed for 2016/17, although the Upper Earnings Limit for employee contributions and Upper Profits Limit for Class 4 contributions will be increased to £43,000, - [But larger employers will pay a new apprenticeships levy from 2017](https://www.robinsonslondon.com/2015/12/01/2015-12-s09-tax-2/) - News: December 2015 But larger employers will pay a new apprenticeships levy from 2017 A new apprenticeship levy will be introduced from 6 April 2017. Although all employers will be required to pay this new levy, set at 0.5% of their annual payroll cost, each employer will also have an annual credit equivalent to £15,000 - [Downsize (or upsize) to save inheritance tax?](https://www.robinsonslondon.com/2015/11/01/2015-11-s01-tax-2/) - News: November 2015 Downsize (or upsize) to save inheritance tax? From 6 April 2017 an additional Inheritance Tax (IHT) Residence Nil Rate Band (RNRB) starts being phased in to enable individuals to pass on their family home to direct descendants. The additional nil rate band starts at £100,000 and rises to £175,000 for deaths after - [New rules for dividends from 2016/17](https://www.robinsonslondon.com/2015/11/01/2015-11-s02-tax-2/) - News: November 2015 New rules for dividends from 2016/17 In the Summer Budget Newsletter we outlined the new rules for the taxation of dividends that will apply from 6 April 2016. Further guidance has now been published by HMRC setting out how the new rules will operate and it seems the rules don't work as - [VAT on mixed supplies](https://www.robinsonslondon.com/2015/11/01/2015-11-s03-tax-2/) - News: November 2015 VAT on mixed supplies Care needs be taken when invoicing if your business makes supplies, some of which are standard rates and others which are potentially zero rated or exempt for VAT. A recent VAT Tribunal case has reinforced the rule established in the Card Protection Plan case that if the supply - [Restriction of buy to let interest](https://www.robinsonslondon.com/2015/11/01/2015-11-s04-tax-2/) - News: November 2015 Restriction of buy to let interest In the Summer Budget it was announced that mortgage interest relief for buy to let landlords would start being phased out from 2017/18 onwards and restricted to basic rate only from 2020/21. Now that the Finance Bill has been published the full impact of this change - [Transfer of tax losses](https://www.robinsonslondon.com/2015/11/01/2015-11-s05-tax-2/) - News: November 2015 Transfer of tax losses Where a company makes a trading loss that cannot be relieved against other profits that year, or the previous year, the unrelieved loss can be carried forward against future profits from the same trade that incurred the losses. This carry forward also applies where the trade is transferred - [Diary of Main Tax Events - Nov / Dec 2015](https://www.robinsonslondon.com/2015/11/01/2015-11-s06-tax-2/) - Tax diary: All the main tax events for November / December 2015 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [Buying a business? No relief for goodwill now](https://www.robinsonslondon.com/2015/10/01/2015-10-s01-tax-2/) - News: October 2015 Buying a business? No relief for goodwill now Ever since April 2002 when a limited company acquires the trade and assets of another business it has been possible to obtain a tax deduction for the goodwill and other intangible assets of the acquired business, generally in line with the accounting treatment. So, - [Buying a business? What about capital allowances?](https://www.robinsonslondon.com/2015/10/01/2015-10-s02-tax-2/) - News: October 2015 Buying a business? What about capital allowances? Another important consideration when buying a business is tax relief for the plant and machinery of the target company. Where the shares of the target company are acquired, the new owners will inherit the tax written down value in the target company's capital allowances pool - [Selling your company? Shares or assets?](https://www.robinsonslondon.com/2015/10/01/2015-10-s03-tax-2/) - News: October 2015 Selling your company? Shares or assets? The corporation tax deduction for acquired goodwill and other intangible assets that has been available to companies since April 2002 mentioned above, has meant that companies buying other businesses have generally preferred to buy the trade and assets rather than the shares in the target business. - [Updated guidance on employee travel (Booklet 490)](https://www.robinsonslondon.com/2015/10/01/2015-10-s04-tax-2/) - News: October 2015 Updated guidance on employee travel (Booklet 490) HMRC have updated their guidance on employees' travel and subsistence in booklet 490, available on the Gov.uk website. The publication provides numerous examples illustrating which journeys do and do not qualify as business journeys and are eligible for tax relief. No tax relief is available - [Company car advisory fuel rates](https://www.robinsonslondon.com/2015/10/01/2015-10-s05-tax-2/) - News: October 2015 Company car advisory fuel rates These rates are the suggested reimbursement rates for employees' private mileage in their company cars and are reviewed each quarter on 1 March, 1 June, 1 September and 1 December. The rates that apply from 1 September 2015 are shown below, with the previous quarter's rates shown - [Diary of Main Tax Events - October / November 2015](https://www.robinsonslondon.com/2015/10/01/2015-10-s06-tax-2/) - Tax diary: All the main tax events for October / November 2015 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [Tax relief for replacing furniture in let properties](https://www.robinsonslondon.com/2015/09/01/2015-09-s01-tax-2/) - News: September 2015 Tax relief for replacing furniture in let properties The government announced in the Summer Budget that from April 2016, the current 10% Wear and Tear Allowance for furnished lettings will be replaced with a relief that enables all landlords of residential dwelling houses to deduct the costs they actually incur on replacing - [VAT is due on clothing given to employees](https://www.robinsonslondon.com/2015/09/01/2015-09-s02-tax-2/) - News: September 2015 VAT is due on clothing given to employees The high street retailer French Connection has recently lost a case before the Tribunal concerning whether or not VAT is due on the supply of clothes to their employees. The retailer required employees in their shops to wear clothes from the current range and - [Bank and other interest to be paid gross from April 2016](https://www.robinsonslondon.com/2015/09/01/2015-09-s03-tax-2/) - News: September 2015 Bank and other interest to be paid gross from April 2016 As announced in the spring 2015 Budget, a new personal savings allowance will be introduced from 6 April 2016. This will be £1,000 a year tax free for basic rate taxpayers and £500 a year for higher rate taxpayers, but nil - [Consultation on changes to personal service companies (IR35)](https://www.robinsonslondon.com/2015/09/01/2015-09-s04-tax-2/) - News: September 2015 Consultation on changes to personal service companies (IR35) In the Summer 2015 Budget the government announced that HMRC would start a dialogue with businesses on how to improve the effectiveness of the existing intermediaries legislation. HMRC will engage with stakeholders over the next few months to explore options to make the legislation - [Employment intermediaries consultation on workers' travel](https://www.robinsonslondon.com/2015/09/01/2015-09-s05-tax-2/) - News: September 2015 Employment intermediaries consultation on workers' travel The government is also proposing to remove tax relief for ordinary commuting (in general, home-to-work travel) for workers who are: supplying personal services engaged through an employment intermediary (including PSCs); and subject to (or to the right of) the supervision, direction or control of any person - [Termination payments under review](https://www.robinsonslondon.com/2015/09/01/2015-09-s06-tax-2/) - News: September 2015 Termination payments under review A further consultation taking place this summer is into the simplification of the tax and national insurance treatment of termination payments. There is a widespread but mistaken belief amongst employees and employers that the first £30,000 of any pay-off is not subject to income tax and NICs. This - [Diary of Main Tax Events - September / October 2015](https://www.robinsonslondon.com/2015/09/01/2015-09-s07-tax-2/) - Tax diary: All the main tax events for September / October 2015 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [The dog ate my tax return...](https://www.robinsonslondon.com/2015/07/01/2015-07-s01-tax-2/) - News: July 2015 The dog ate my tax return... ...is not a reasonable excuse! However, it has been announced that HMRC will not contest appeals against the £100 late filing penalty in respect of 2013/14 tax returns where the taxpayer provided a reasonable excuse for not filing on time. In the past, HMRC has looked - [Inheritance tax and the family home](https://www.robinsonslondon.com/2015/07/01/2015-07-s02-tax-2/) - News: July 2015 Inheritance tax and the family home Further detail has emerged (in a leak to the Guardian newspaper) concerning a new Inheritance Tax (IHT) allowance announced in the Conservative Party election manifesto to set against the value of the family home. The proposed new family home allowance provides for an additional £175,000 nil - [Relief for political gifts](https://www.robinsonslondon.com/2015/07/01/2015-07-s03-tax-2/) - News: July 2015 Relief for political gifts The General Election result means that donations to the UK Independence Party now qualify for relief from inheritance tax as that party returned at least one member and secured at least 150,000 votes nationally. However, the Alliance Party in Northern Ireland now ceases to qualify. Remember that this - [Shares to employees and directors](https://www.robinsonslondon.com/2015/07/01/2015-07-s04-tax-2/) - News: July 2015 Shares to employees and directors Whenever companies issue shares to employees and directors, they need to consider whether or not an entry needs to be made on the end of year HMRC Form 42. This form is used to report events relating to shares and securities obtained by reason of employment and - [Company car advisory fuel rates](https://www.robinsonslondon.com/2015/07/01/2015-07-s05-tax-2/) - News: July 2015 Company car advisory fuel rates These rates are the suggested reimbursement rates for employees' private mileage in their company cars and are reviewed each quarter on 1 March, 1 June, 1 September and 1 December. In line with an increase in fuel prices, the rates that apply from 1 June 2015 are - [Diary of Main Tax Events - July / August 2015](https://www.robinsonslondon.com/2015/07/01/2015-07-s06-tax-2/) - Tax diary: All the main tax events for July / August 2015 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [New "National living wage" tax credit](https://www.robinsonslondon.com/2015/07/01/2015-08-s01-tax-2/) - News: Budget July 2015 New "National living wage" tax credit The most radical announcement by the Chancellor on 8th July was a significant reduction in the amount the government plans to spend on tax credits and other State benefits. At the same time he announced that there would a new national living wage to be - [Corporate tax rate to be cut to 18%](https://www.robinsonslondon.com/2015/07/01/2015-08-s02-tax-2/) - News: Budget July 2015 Corporate tax rate to be cut to 18% The current UK corporation tax rate of 20% is the lowest rate in the G20, the 20 major trading nations. This rate continues to apply until 2017 when it has been announced that the rate will be reduced to 19% and then 18% - [Changes to taxation of dividends](https://www.robinsonslondon.com/2015/07/01/2015-08-s03-tax-2/) - News: Budget July 2015 Changes to taxation of dividends The Chancellor has announced that from 6 April 2016 there will no longer be a notional tax credit associated with dividends received and the following rates will apply after a £5,000 tax free dividend allowance: Basic rate taxpayers - 7.5% Higher rate taxpayers - 32.5% Additional - [Annual investment allowance set permanently at £200,000](https://www.robinsonslondon.com/2015/07/01/2015-08-s05-tax-2/) - News: Budget July 2015 Annual investment allowance set permanently at £200,000 The annual investment allowance (AIA) was due to be reduced from the current temporary level of £500,000 to just £25,000 from 1 January 2016. The Chancellor has bowed to pressure from industry to stop tinkering with this allowance for expenditure on plant and machinery - [Buy to let landlords – interest relief to be restricted to basic rate](https://www.robinsonslondon.com/2015/07/01/2015-08-s06-tax-2/) - News: Budget July 2015 Buy to let landlords – interest relief to be restricted to basic rate The Chancellor announced that the amount of income tax relief landlords can get on residential property finance costs (such as mortgage interest) will be restricted to the basic rate of tax. To give landlords time to adjust, the - ["Rent a room" limit increased to £7,500](https://www.robinsonslondon.com/2015/07/01/2015-08-s07-tax-2/) - News: Budget July 2015 "Rent a room" limit increased to £7,500 The current £4,250 limit for tax free rental income from lodgers is to be increased to £7,500 from 6 April 2016. The relief is only available where individuals rent out a room in their main residence and the allowance includes heating and other services - [Pension tax relief restricted for higher earners](https://www.robinsonslondon.com/2015/07/01/2015-08-s08-tax-2/) - News: Budget July 2015 Pension tax relief restricted for higher earners As mentioned in the Conservative party manifesto, tax relief for pension contributions is to be restricted for those with income in excess of £150,000 a year. We were told that this is intended to fund the increase in the inheritance allowance for passing on - [Emergency PAYE tax code to be applied to certain pension withdrawals](https://www.robinsonslondon.com/2015/06/01/2015-06-s01-tax-2/) - News: June 2015 Emergency PAYE tax code to be applied to certain pension withdrawals The new flexible pension rules came into force from 6 April 2015 for those aged 55 or over with money purchase pension schemes. As announced by the Chancellor in last year’s Budget, these individuals will be able to withdraw as much - [Further Budget on 8th July](https://www.robinsonslondon.com/2015/06/01/2015-06-s02-tax-2/) - News: June 2015 Further Budget on 8th July Following the Election result on 8 May, the Chancellor has announced that there will be a second Budget. We expect this to include a number of Conservative manifesto tax pledges. - [HMRC don't yet have the power to raid taxpayers' bank accounts](https://www.robinsonslondon.com/2015/06/01/2015-06-s03-tax-2/) - News: June 2015 HMRC don't yet have the power to raid taxpayers' bank accounts HMRC are seeking the power to recover unpaid tax over £1,000 from taxpayers' private bank accounts and legislation was originally going to be included in the 2015 Finance Act. However the new measures were not included in the first Finance Act - [Considering giving shares in your company to employees?](https://www.robinsonslondon.com/2015/06/01/2015-06-s04-tax-2/) - News: June 2015 Considering giving shares in your company to employees? More and more companies now give their employees the opportunity to acquire company shares. If correctly structured, this can be a very tax efficient way of attracting and retaining staff, as they are able to share in the success of the company. However, if - [Enterprise Management Incentives (EMI) share option scheme](https://www.robinsonslondon.com/2015/06/01/2015-06-s05-tax-2/) - News: June 2015 Enterprise Management Incentives (EMI) share option scheme The best employee share option scheme currently available is the EMI share option scheme. In order to take advantage of this, both the company and employees must meet certain conditions. The company must carry on a qualifying trading activity and have a gross asset value - [Corporation tax relief for employee shares](https://www.robinsonslondon.com/2015/06/01/2015-06-s06-tax-2/) - News: June 2015 Corporation tax relief for employee shares A further tax advantage of allowing employees to acquire shares in the company is that the employing company may be entitled to a corporation tax deduction. This deduction is the difference between the amount payable by the employee and the market value of those shares at - [Diary of Main Tax Events - June / July 2015](https://www.robinsonslondon.com/2015/06/01/2015-06-s07-tax-2/) - Tax diary: All the main tax events for June / July 2015 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [Forms P11D due by 6 July](https://www.robinsonslondon.com/2015/06/01/2015-06-s08-tax-2/) - News: June 2015 Forms P11D due by 6 July As mentioned in the tax diary, the deadline for filing the 2014/15 returns of benefits and expenses paid to employees is 6 July 2015. Note that there can be significant penalties for incorrect returns so they need to be completed with great care. Remember that unless - [Manifesto tax policies of the main national political parties](https://www.robinsonslondon.com/2015/05/01/2015-05-s01-tax-2/) - News: May 2015 Manifesto tax policies of the main national political parties As it is an election year we thought that in this issue we would outline the tax policies of the main national political parties as set out in their manifestos to help you make your decision on 7th May 2015. As history has - [Conservative tax policies](https://www.robinsonslondon.com/2015/05/01/2015-05-s02-tax-2/) - News: May 2015 Conservative tax policies As announced in the Budget, the Conservative Party promise to increase the tax-free Personal Allowance to £12,500 and the 40p Income Tax threshold to £50,000. The Conservatives will pass a new law so that nobody working 30 hours on minimum wage pays Income Tax on what they earn. At - [Labour tax policies](https://www.robinsonslondon.com/2015/05/01/2015-05-s03-tax-2/) - News: May 2015 Labour tax policies Labour will reinstate the 50% tax rate for income in excess of £150,000 to help get the deficit down. They will also abolish the beneficial tax rules for non-domiciled individuals so that if they are a UK resident, they will pay UK tax on their worldwide income and gains. - [Lib Dem tax policies](https://www.robinsonslondon.com/2015/05/01/2015-05-s04-tax-2/) - News: May 2015 Lib Dem tax policies The Liberal Democrats aim to rebalance the tax system away from taxing work and towards unearned wealth. Like the Conservatives, they will raise the personal allowance to at least £12,500, and they also say there will be no increase in the headline rates of Income Tax, National Insurance, - [UKIP tax policies](https://www.robinsonslondon.com/2015/05/01/2015-05-s05-tax-2/) - News: May 2015 UKIP tax policies UKIP plan to save £9 billion a year in direct net contributions to the European Union budget by leaving the EU. That will enable them to raise the personal allowance to at least £13,000 and raise the threshold for paying 40% income tax to £55,000. They also propose a - [Green party tax policies](https://www.robinsonslondon.com/2015/05/01/2015-05-s06-tax-2/) - News: May 2015 Green party tax policies The most radical tax policies are those proposed by the Green Party, such as increasing the main rate of corporation tax back to 30% and the top income tax to 60%. They would also abolish the CGT annual exemption. Like the Lib Dems, the Green Party would also - [Diary of Main Tax Events - May / June 2015](https://www.robinsonslondon.com/2015/05/01/2015-05-s08-tax-2/) - Tax diary: All the main tax events for May / June 2015 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [Personal allowances](https://www.robinsonslondon.com/2015/04/01/2015-03-s01-tax-2/) - News: April 2015 Personal allowances As already announced the basic personal allowance for 2015/16 will be £10,600. The Budget on 18 March announced that there will be a further above inflation increase to £10,800 for 2016/17 and £11,000 in 2017/18. Those aged 75 and over will continue to receive a personal allowance of £10,660 for - [Further changes to ISAs](https://www.robinsonslondon.com/2015/04/01/2015-03-s02-tax-2/) - News: April 2015 Further changes to ISAs The current £15,000 ISA limit is to be increased to £15,240 from 6 April 2015. Remember that the 50% cash ISA restriction was abolished from 1 July 2014 so that any combination of cash and stocks and shares can be held within the ISA wrapper up to the - [New help to buy ISA](https://www.robinsonslondon.com/2015/04/01/2015-03-s03-tax-2/) - News: April 2015 New help to buy ISA These new accounts to help first time buyers save for a deposit to buy their first home will be available from Autumn 2015. First time buyers over 16 will be able to open these special ISAs, make an initial deposit of up to £1,000 and then save - [Further pension flexibility](https://www.robinsonslondon.com/2015/04/01/2015-03-s04-tax-2/) - News: April 2015 Further pension flexibility The Government will bring in new legislation from 6 April 2016 to allow people who are already receiving income from an annuity to agree with their provider to assign their annuity income to a third party in exchange for a lump sum or an alternative retirement product. Currently such - [Capital taxes](https://www.robinsonslondon.com/2015/04/01/2015-03-s05-tax-2/) - News: April 2015 Capital taxes It had already been announced that the CGT annual exempt amount would increase to £11,100 for 2015/16. With a top CGT rate of 28% this allowance potentially saves £3,108 a year, or £6,216 for a married couple. There has been no change in the inheritance tax nil rate band which - [Tax relief on small donations to charity increased to £8,000](https://www.robinsonslondon.com/2015/04/01/2015-03-s06-tax-2/) - News: April 2015 Tax relief on small donations to charity increased to £8,000 The Gift Aid Small Donations Scheme (GASDS) allows charities to treat small donations such as those in collecting boxes as if Gift Aided. With effect from 6 April 2016 the maximum annual donation amount which can be claimed through GASDS will be - [Single 20% corporation tax rate](https://www.robinsonslondon.com/2015/04/01/2015-03-s07-tax-2/) - News: April 2015 Single 20% corporation tax rate A single corporation tax rate of 20% will apply from 1 April 2015 whatever the level of your company's profits. As already announced in the 2014 Autumn Statement there will be a new 25% rate of tax on profits artificially diverted by multi-national companies away from the - [VAT registration limit £82,000](https://www.robinsonslondon.com/2015/04/01/2015-03-s08-tax-2/) - News: April 2015 VAT registration limit £82,000 The VAT registration limit has been increased by £1,000 to £82,000 from 1 April 2015. The de-registration limit also increased by £1,000 to £80,000. - [The end of tax returns?](https://www.robinsonslondon.com/2015/04/01/2015-03-s09-tax-2/) - News: April 2015 The end of tax returns? The Government proposes to transform the tax system over the next Parliament by introducing online tax accounts to remove the need for individuals and small businesses to complete annual tax returns. These online accounts will show details of how much tax has been paid and how much - [End of year PAYE return](https://www.robinsonslondon.com/2015/02/01/2015-02-s01-tax-2/) - News: February 2015 End of year PAYE return Prior to the introduction of RTI, employers were required to complete an end-of-year checklist and declaration on form P35 and submit to HM Revenue and Customs. Under RTI this was replaced by the final full payment RTI submission which included a similar checklist and declaration. HM Revenue - [VAT rules changing for prompt payment discounts (PPD)](https://www.robinsonslondon.com/2015/02/01/2015-02-s02-tax-2/) - News: February 2015 VAT rules changing for prompt payment discounts (PPD) In last year's Finance Act it was announced that the VAT rules for dealing with prompt payment (or early settlement) discounts would be changing from 1 April 2015. HMRC have now issued brief 49/2014 setting out guidance for businesses affected by the change, many - [State pension changes](https://www.robinsonslondon.com/2015/02/01/2015-02-s03-tax-2/) - News: February 2015 State pension changes Recent editions of this newsletter have featured the important changes to personal pensions for those over 55 that take effect from 6 April 2015. From 6 April 2016 the new flat rate State Pension will be introduced, which is expected to be around £150 a week. A person's actual - [Pre 2009 expensive cars get extra relief this year](https://www.robinsonslondon.com/2015/02/01/2015-02-s04-tax-2/) - News: February 2015 Pre 2009 expensive cars get extra relief this year If your business bought a car costing more than £12,000 prior to April 2009, the writing down allowance has been restricted to £3,000 a year and the car was kept separate from other assets. For accounting periods ending on or after 31 March - [CGT entrepreneurs' relief – officer or employee?](https://www.robinsonslondon.com/2015/02/01/2015-02-s05-tax-2/) - News: February 2015 CGT entrepreneurs' relief – officer or employee? CGT entrepreneurs relief is available when owners of trading companies sell their shares, provided certain conditions are satisfied for the 12 months prior to sale. One condition is that the individual has 5% voting control, but a further condition is that they are an officer - [Diary of Main Tax Events - February / March 2015](https://www.robinsonslondon.com/2015/02/01/2015-02-s06-tax-2/) - Tax diary: All the main tax events for February / March 2015 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [Personal allowance and tax bands](https://www.robinsonslondon.com/2015/01/01/2015-01-s01-tax-2/) - News: January 2015 Personal allowance and tax bands The personal allowance for 2015/16 was originally scheduled to increase to £10,500 but it was announced that this will now be £10,600, so the tax free amount will now be £883 per month. If re-elected the Chancellor stated that this would be increased to £12,500 by 2020. - [ISA limits and changes in 2015/16](https://www.robinsonslondon.com/2015/01/01/2015-01-s02-tax-2/) - News: January 2015 ISA limits and changes in 2015/16 The annual limit for savings in an ISA increases by £240 to £15,240 for 2015/16, but remember that the 50% restriction on cash was removed with effect from 1 July 2014. For Junior ISAs the limit will increase by £80 to £4,080, the same as the - [Corporation tax rates](https://www.robinsonslondon.com/2015/01/01/2015-01-s03-tax-2/) - News: January 2015 Corporation tax rates Profits 31/3/15 (FY2014) 31/3/16 (FY2015) First £300,000 20% 20% Between £300,000 and £1.5m 21.25% 20% Over £1.5m 21% 20% As previously announced there will be a single 20% rate of corporation tax regardless of the level of the company's profits from 1 April 2015 onwards. Although a 20% rate - [Annual CGT exemption and new Stamp Duty Land Tax rates](https://www.robinsonslondon.com/2015/01/01/2015-01-s04-tax-2/) - News: January 2015 Annual CGT exemption and new Stamp Duty Land Tax rates This is set to be £11,100 in 2015/16, so is worth a useful £3,108 for higher rate taxpayers for whom the 28% rate applies. CGT on non-residents disposing of uk residential property Following consultation during Summer 2014, the Government is proceeding with - [2015/16 National Insurance rates](https://www.robinsonslondon.com/2015/01/01/2015-01-s05-tax-2/) - News: January 2015 2015/16 National Insurance rates There will be no increase in the rates of national insurance contributions (NICs) for employers, employees nor the Class 4 rate for the self-employed for 2015/16, although the thresholds will be increased. Employee contributions will be payable at 12% on earnings between £155 per week and £815 per - [R&D tax credits increased](https://www.robinsonslondon.com/2015/01/01/2015-01-s06-tax-2/) - News: January 2015 R&D tax credits increased In order to further encourage innovation in the UK, the Government has announced an increase in R&D tax relief for the SME sector from 225% to 230% from 1 April 2015. In addition, the credit for larger non-SMEs will be increased from 10% to 11%. An advance assurance - [No tax relief for the write off of goodwill on incorporation](https://www.robinsonslondon.com/2015/01/01/2015-01-s07-tax-2/) - News: January 2015 No tax relief for the write off of goodwill on incorporation One of the anti-avoidance measures announced in the Chancellor's Autumn Statement was a proposal to block the corporation tax deduction for goodwill and other intangibles transferred to a limited company on incorporation. This was potentially available where intangibles were created or - [Relief from business rates](https://www.robinsonslondon.com/2015/01/01/2015-01-s08-tax-2/) - News: January 2015 Relief from business rates Many small businesses will welcome the news that the doubling of Small Business Rate Relief will be extended to April 2016. This means that around 385,000 of the smallest businesses will continue to receive 100% relief from business rates until April 2016, with around a further 190,000 benefiting - [Car fuel benefit charge](https://www.robinsonslondon.com/2015/01/01/2015-01-s09-tax-2/) - News: January 2015 Car fuel benefit charge Employees and directors with company cars and who also have some or all of their private fuel paid for by their employers are subject to the fuel benefit charge – on an all or nothing basis. The benefit charge is determined by multiplying a notional list price by - [Collection of unpaid tax through your tax code](https://www.robinsonslondon.com/2014/12/01/2014-12-s01-tax-2/) - News: December 2014 Collection of unpaid tax through your tax code Currently, HM Revenue and Customs can collect tax debts of up to £3,000 by adjusting your Pay As You Earn (PAYE) tax code. HMRC refers to this as 'coding out'. The effect of this is to recover the debt from your income, by increasing - [No loss relief for business run as a "hobby"](https://www.robinsonslondon.com/2014/12/01/2014-12-s02-tax-2/) - News: December 2014 No loss relief for business run as a "hobby" A recent case before the Tax Tribunal reminds us that in order to set a trading loss sideways against other income, the business must be carried out on a commercial basis with a view to making a profit. The case in question relates - [New tax relief for investment in social enterprise](https://www.robinsonslondon.com/2014/12/01/2014-12-s03-tax-2/) - News: December 2014 New tax relief for investment in social enterprise The Social Investment Tax Relief scheme (SITR) introduced this year helps individuals support social enterprises, giving these enterprises access to new sources of finance. The new relief provides the investor with a deduction from their tax liability, equal to 30% of the amount invested. - [HMRC credit card sales campaign](https://www.robinsonslondon.com/2014/12/01/2014-12-s04-tax-2/) - News: December 2014 HMRC credit card sales campaign HMRC's latest disclosure campaign is aimed at traders who accept payments by debit and credit cards but who haven't declared all transactions. The Credit Card Sales campaign provides an opportunity for individuals and companies accepting debit and credit cards (but have not reflected all transactions in their - [VAT "mini one stop shop" (MOSS)](https://www.robinsonslondon.com/2014/12/01/2014-12-s05-tax-2/) - News: December 2014 VAT "mini one stop shop" (MOSS) There is a very important change in the VAT place of supply rules for businesses supplying digital services to consumers (B2C). From 01 January 2015, the place of supply for digital services will be where the customer belongs, instead of the current rule (where the supplier - [Diary of Main Tax Events - December / January 2014](https://www.robinsonslondon.com/2014/12/01/2014-12-s06-tax-2/) - Tax diary: All the main tax events for December / January 2014 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [RTI Penalties delayed again](https://www.robinsonslondon.com/2014/10/01/2014-10-s01-tax-2/) - News: October 2014 RTI Penalties delayed again As advised in earlier newsletters, automatic in–year RTI late filing penalties start on 6 October 2014. However, HM Revenue and Customs have recently announced that the start date for penalties on PAYE schemes that have fewer than 50 employees will now be delayed until 6 March 2015. HMRC - [Flexible pensions to go ahead in 2015](https://www.robinsonslondon.com/2014/10/01/2014-10-s02-tax-2/) - News: October 2014 Flexible pensions to go ahead in 2015 In his March 2014 Budget, the Chancellor announced that there would be significant changes to allow individuals to have greater access to their pension funds from 2015. The proposed changes have been consulted on during the summer and the Treasury have now published the outcome, - [No tax deduction for sponsorship](https://www.robinsonslondon.com/2014/10/01/2014-10-s03-tax-2/) - News: October 2014 No tax deduction for sponsorship A recent case before the Court of Appeal has determined that a particular company was not allowed tax relief on their sponsorship of a rugby club, as there was "duality of purpose". The payments in question were posted to "marketing and advertising" in the company's accounts. In - [High income child benefit charge](https://www.robinsonslondon.com/2014/10/01/2014-10-s04-tax-2/) - News: October 2014 High income child benefit charge Child benefit started to be taxed from 9 January 2013, but only in cases where the claimant or their partner received income of over £50,000 a year. HMRC have been writing to those individuals who said they had received child benefit and earned over £50,000 in 2012/13, - [Company car advisory fuel rates](https://www.robinsonslondon.com/2014/10/01/2014-10-s05-tax-2/) - News: October 2014 Company car advisory fuel rates The suggested reimbursement rates for employees' private mileage in their company cars are reviewed each quarter on 1 March, 1 June, 1 September and 1 December. The following rates apply from 1 September 2014, with the previous quarter's rates shown in brackets: The letters are written to - [Diary of Main Tax Events - October / November 2014](https://www.robinsonslondon.com/2014/10/01/2014-10-s06-tax-2/) - Tax diary: All the main tax events for October/ November 2014 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based on - [Employee engagement and staff turnover](https://www.robinsonslondon.com/2014/09/01/2014-09-s01-2/) - News: September 2014 Employee engagement and staff turnover We all know that the best employees are engaged and highly motivated. However, most businesses don't consider the relationship between employee engagement and employee turnover. Do those with the highest levels of engagement have the lowest turnover, and vice versa? Research shows that companies with highly engaged - [HMRC get heavy with those using tax avoidance schemes](https://www.robinsonslondon.com/2014/09/01/2014-09-s01-tax-2/) - News: September 2014 HMRC get heavy with those using tax avoidance schemes Anyone with an open enquiry (or appeal) concerning a tax avoidance scheme may be issued with follower notices and accelerated payment notices under new legislation in Finance Act 2014. It is understood that 43,000 payment notices will be issued by HMRC (33,000 to - [Not all customers are equal](https://www.robinsonslondon.com/2014/09/01/2014-09-s02-2/) - News: September 2014 Not all customers are equal Most business people are familiar with the idea that 80% of your revenue comes from 20% of your client base. As in any business, your best customers are the ones who buy the most from you. Yes, all customers are important, but not all customers are equal. - [Consultation on possible changes to rules on employee's travel](https://www.robinsonslondon.com/2014/09/01/2014-09-s02-tax-2/) - News: September 2014 Consultation on possible changes to rules on employee's travel Many employees and employers find the current tax rules for dealing with travelling and subsistence claims difficult to understand. This is an area that the Office of Tax Simplification is seeking to make more comprehensible. Consequently, the treasury are consulting on possible changes - [Safely getting rid of old computers](https://www.robinsonslondon.com/2014/09/01/2014-09-s03-2/) - News: September 2014 Safely getting rid of old computers Disposing of computers safely is extremely important, as it is incredibly easy to accidentally give away sensitive information to thieves and fraudsters. If you put an un-shredded bank statement into the bin, you run the risk of handing over your name, bank details and address in - [Business travel for self employed traders](https://www.robinsonslondon.com/2014/09/01/2014-09-s03-tax-2/) - News: September 2014 Business travel for self employed traders Following a recent case in front of the Upper Tier Tax Tribunal involving a doctor with a private practice (Dr Samadian), HMRC are applying the rules for business travel much more strictly. The "wholly and exclusive" principle states that where there is both a business and - [Remember your clients – or they will forget about you](https://www.robinsonslondon.com/2014/09/01/2014-09-s04-2/) - News: September 2014 Remember your clients – or they will forget about you Just because you're good at what you do, it doesn't mean you'll get referrals for new business. Many business owners know that the best source of referrals is from satisfied clients. They go about doing great work and making their customers happy, - [Changes to class 2 NICs collection](https://www.robinsonslondon.com/2014/09/01/2014-09-s04-tax-2/) - News: September 2014 Changes to class 2 NICs collection The National Insurance Contributions Bill was published on 18 July 2014. It will introduce legislation (which was consulted on last year) to reform the collection of Class 2 NICs by enabling the self-employed to pay their Class 2 contributions through self-assessment alongside their income tax and - [Tax relief for donating your old suit to charity!](https://www.robinsonslondon.com/2014/09/01/2014-09-s05-tax-2/) - News: September 2014 Tax relief for donating your old suit to charity! HMRC has amended its guidance for charities that claim Gift Aid on the sale of donated goods. Gift Aid normally only applies to gifts of money by an individual. However, in certain situations, Gift Aid can be claimed by charities or community amateur - [Diary of Main Tax Events - September / October 2014](https://www.robinsonslondon.com/2014/09/01/2014-09-s06-tax-2/) - Tax diary: All the main tax events for September / October 2014 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [RTI penalties start October 2014](https://www.robinsonslondon.com/2014/09/01/2014-09-s07-tax-2/) - News: September 2014 RTI penalties start October 2014 Earlier this year, HMRC announced that the penalties for late returns of payroll information (RTI) would start from October 2014 instead of April 2014. If you operate your own payroll, make sure that your RTI submissions are made on time to avoid an automatic penalty. Remember that - [Apple iOS8 and OS X Yosemite](https://www.robinsonslondon.com/2014/07/01/2014-07-s01-2/) - News: July 2014 Apple iOS8 and OS X Yosemite Apple has recently revealed new operating systems for both its mobile and desktop / laptop devices. iPhone, iPad, etc. will get the new iOS8 software and desktops and laptops will get the OS X Yosemite software. Apple didn't announce any new hardware at the firm's recent - [Corporate Social Responsibility (CSR) as a profile raising tool](https://www.robinsonslondon.com/2014/07/01/2014-07-s02-2/) - News: July 2014 Corporate Social Responsibility (CSR) as a profile raising tool Whether establishing a business-charity partnership or organising for a group of staff to volunteer in the local community, CSR is part of being in business. CSR is a great way to engage your staff, build teams and fulfil your business's role as a - [Measuring PR](https://www.robinsonslondon.com/2014/07/01/2014-07-s03-2/) - News: July 2014 Measuring PR Public relations (PR) is hard to define and sometimes even harder to measure. The most succinct definition is that it is a management function that executes a specific plan of action that deals with an individuals or organisations impact on public interest through its procedures and policies. PR also evaluates - [Effective business development meetings](https://www.robinsonslondon.com/2014/07/01/2014-07-s04-2/) - News: July 2014 Effective business development meetings No matter what type of business you run, you need to network in order to build your business. Effective networking involves a lot more than simply handing out business cards. Here are a few tips to help your business development meetings produce the business relationships that you want: - [Google wallet - what's it all about?](https://www.robinsonslondon.com/2014/06/01/2014-06-s01-2/) - News: June 2014 Google wallet - what's it all about? With a full launch of the Google Wallet app due in the UK soon, many businesses are starting to consider how they might use the technology to attract new customers and make life more convenient for existing ones. So what is it and how does - [Tax avoidance crackdown affects "followers" of failed schemes](https://www.robinsonslondon.com/2014/06/01/2014-06-s01-tax-2/) - News: June 2014 Tax avoidance crackdown affects "followers" of failed schemes There have been a number of high-profile celebrities who have been involved in tax avoidance schemes that have been successfully challenged by HMRC in the courts. This seems to be a deliberate ploy by HMRC to give their current stance on tax avoidance greater - [Hunger marketing](https://www.robinsonslondon.com/2014/06/01/2014-06-s02-2/) - News: June 2014 Hunger marketing A hunger marketing strategy is simple to operate. The business brings products to market with an attractive price to lure potential customers then restricts the supply, resulting in an imaginary shortage that can raise prices and therefore generate higher profits. "Branding" is a factor that runs through the whole hunger - [HMRC seeking power to raid taxpayers' bank accounts](https://www.robinsonslondon.com/2014/06/01/2014-06-s02-tax-2/) - News: June 2014 HMRC seeking power to raid taxpayers' bank accounts Another controversial measure is being proposed by the Government to give HMRC the power to recover unpaid tax over £1,000 from taxpayers' private bank accounts. We are told that this new power will only be used where the taxpayer has ignored several demands for - [Corporate culture - the way we do things around here](https://www.robinsonslondon.com/2014/06/01/2014-06-s03-2/) - News: June 2014 Corporate culture - the way we do things around here Corporate culture is essentially the way you and your team do things day to day in your business. Some businesses focus on creating a culture that is high performance, while others focus on being people-friendly. Generally speaking, people leave a firm because - [Should you reimburse your employer for private fuel?](https://www.robinsonslondon.com/2014/06/01/2014-06-s03-tax-2/) - News: June 2014 Should you reimburse your employer for private fuel? In addition to the benefit in kind charged on directors and employees who are provided with a car for private use, there is a further taxable benefit should their petrol or diesel be paid for in respect of private journeys. Like the car benefit, - [Managing your inbox](https://www.robinsonslondon.com/2014/06/01/2014-06-s04-2/) - News: June 2014 Managing your inbox A never-ending inbox of emails is the cause of long working hours, stressed out managers and procrastination. It is also the reason why many people feel that they are so 'busy' when in fact they are often busy doing the wrong things. A full, un-manageable inbox can distract you - [VAT fuel scale charges reduced!](https://www.robinsonslondon.com/2014/06/01/2014-06-s04-tax-2/) - News: June 2014 VAT fuel scale charges reduced! We are so accustomed to rising motor taxes that it was a nice surprise to see the VAT fuel scale charges (in respect of petrol and diesel supplied for private motoring) decrease for return periods. This reduction is to commence on or after 1 May 2014 and - [Forms P11D due by 6 July](https://www.robinsonslondon.com/2014/06/01/2014-06-s05-tax-2/) - News: June 2014 Forms P11D due by 6 July As mentioned in the tax diary, the deadline for filing 2013/14 returns of benefits and expenses paid to employees is 6 July 2014. Significant penalties can be incurred for incorrect returns, so great care is required. The most common benefits in kind that need to be - [What should you do if you find an error in an earlier VAT return?](https://www.robinsonslondon.com/2014/06/01/2014-06-s06-tax-2/) - News: June 2014 What should you do if you find an error in an earlier VAT return? If you identify an error in an earlier VAT return, you can correct it by including the net effect in the latest return, providing that the error is no more than the greater of £10,000 and 1% of - [Diary of Main Tax Events - June / July 2014](https://www.robinsonslondon.com/2014/06/01/2014-06-s07-tax-2/) - Tax diary: All the main tax events for June / July 2014 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [Microsoft Office for iPad](https://www.robinsonslondon.com/2014/05/01/2014-05-s01-2/) - News: May 2014 Microsoft Office for iPad It has been a long time coming, but it seems that Microsoft have finally realised that most business people want to use Microsoft Office on their iPad. The company have recently released individual versions of their Word, Excel and PowerPoint programs that will work on an iPad, making - [Tax](https://www.robinsonslondon.com/2014/05/01/2014-05-s01-tax-2/) - News: May 2014 Tax Confirmation of income for mortgage purposes Many mortgage lenders are now requesting a copy of the official HMRC tax calculation (SA302) as confirmation of income for mortgage applicants; Previously, they would have accepted income confirmation by the borrower's accountant. There is thus a conflict between planning to minimise income for tax - [Getting induction processes right](https://www.robinsonslondon.com/2014/05/01/2014-05-s02-2/) - News: May 2014 Getting induction processes right In a world where the latest generation of "millennial" workers are prone to changing jobs, the importance of a good employee induction plan can no longer be ignored. In order to get your induction process right you need to consider: How long it takes new employees to become - [Capital Gains Tax to be paid by non-residents on uk residential property](https://www.robinsonslondon.com/2014/05/01/2014-05-s02-tax-2/) - News: May 2014 Capital Gains Tax to be paid by non-residents on uk residential property As previously announced, it has been proposed that from 6 April 2015 CGT will be charged on non-residents who make disposals of UK residential properties. HMRC have issued a consultation document to consider how the charge can be implemented and - [Being a better manager / leader](https://www.robinsonslondon.com/2014/05/01/2014-05-s03-2/) - News: May 2014 Being a better manager / leader Today's challenging business environment requires more from managers and business leaders. Here are a few tips to help you focus on being more effective. Work to your strengths Many of us spend too much time worrying about our shortcomings. Try to focus on the things that - [15% stamp duty land tax for certain purchasers](https://www.robinsonslondon.com/2014/05/01/2014-05-s03-tax-2/) - News: May 2014 15% stamp duty land tax for certain purchasers Finance Act 2012 introduced a 15 per cent rate of SDLT on the acquisition by certain non-natural persons (broadly companies) of dwellings costing more than £2 million. Finance Bill 2014 reduced this threshold to £500,000. The previous £2 million threshold will continue to apply, - [Effective delegation](https://www.robinsonslondon.com/2014/05/01/2014-05-s04-2/) - News: May 2014 Effective delegation We all understand the importance of delegation, yet very few know how to do it properly. Here are a few tips to help you delegate work effectively. Realistic deadlines It is important to note that overloading your team will have a negative impact, so before you delegate work make sure - [VAT and discounts for prompt payment](https://www.robinsonslondon.com/2014/05/01/2014-05-s04-tax-2/) - News: May 2014 VAT and discounts for prompt payment Many traders offer a discount for prompt payment. Under current UK VAT rules, output tax is accounted for on the discounted price, whether or not the customer takes advantage of the discount. Legislation in Finance Bill 2014 proposes to amend the UK VAT legislation on prompt - [CGT entrepreneurs relief applies up to 3 years following cessation](https://www.robinsonslondon.com/2014/05/01/2014-05-s05-tax-2/) - News: May 2014 CGT entrepreneurs relief applies up to 3 years following cessation Capital gains tax entrepreneurs' relief provides for a 10% rate on the disposal of a business, including a sole trade or shares in a trading company. The relief extends to the disposals within 36 months of cessation of trading, provided the business - [Payment of self-employed class 2 national insurance](https://www.robinsonslondon.com/2014/05/01/2014-05-s06-tax-2/) - News: May 2014 Payment of self-employed class 2 national insurance Class 2 NIC for the tax year 2014/15 is charged at the rate of £2.75 per week. It is possible for those with earnings below the small earnings limit of £5,885 (for 2014/15), to apply for the small earnings exception using form CF10. Some taxpayers - [Why too much automation is not a good thing](https://www.robinsonslondon.com/2014/04/01/2014-04-s01-2/) - News: April 2014 Why too much automation is not a good thing Thanks to advances in technology, there is a constant drive towards the automation of processes within businesses. From running the monthly payroll to producing reports for customers, there is usually a process that can be automated by a system. Managers are focusing on - [Tax](https://www.robinsonslondon.com/2014/04/01/2014-04-s01-tax-2/) - News: April 2014 Tax Personal allowances Personal allowances are fixed for 2014/15 at £10,000, the level promised in the Coalition Agreement. However, the Budget announced that there will be a further (above inflation) increase to £10,500 for 2015/16, in line with the allowance currently available to taxpayers aged 65 to 74. Those aged 75 and - [Avoiding issues in managing your team](https://www.robinsonslondon.com/2014/04/01/2014-04-s02-2/) - News: April 2014 Avoiding issues in managing your team Managers act as the front–line between chief executives and their employees. They are tasked with not only 'getting the job done', but are also expected to motivate their employees, act as role models for staff, promote a positive work environment and transmit the vision and mission - [Savings](https://www.robinsonslondon.com/2014/04/01/2014-04-s02-tax-2/) - News: April 2014 Savings Important changes to ISAs In order to encourage savers, the current £11,520 ISA limit is to be significantly increased to £15,000 from 1 July 2014. Furthermore, the current 50% cash ISA limit of £5,760 is to be abolished so that any combination of cash and stocks and shares can be held - [Avoid running your business by committee](https://www.robinsonslondon.com/2014/04/01/2014-04-s03-2/) - News: April 2014 Avoid running your business by committee While large businesses are often run by boards of directors, that approach doesn't work for a small or medium sized business. A business isn't a democracy. When it comes to politics, we want leaders who believe in democracy and free enterprise. But in a business, you - [New flexible pensions](https://www.robinsonslondon.com/2014/04/01/2014-04-s03-tax-2/) - News: April 2014 New flexible pensions There are significant changes being proposed which will make it easier to access your pension fund pot if you have a defined contribution (money purchase) pension scheme. As a general rule, 25% of the pension fund can be taken as a tax free lump sum at age 55, although - [Social media marketing is not a 9 – 5 process](https://www.robinsonslondon.com/2014/04/01/2014-04-s04-2/) - News: April 2014 Social media marketing is not a 9 – 5 process The growth of social media means that business is now 24 hours a day, seven days a week – what's more, when a customer complains it's now laid bare on social media for all to see. So how do companies and brands - [Corporation tax reductions](https://www.robinsonslondon.com/2014/04/01/2014-04-s04-tax-2/) - News: April 2014 Corporation tax reductions From 1 April 2014 to 31 March 2015, the main rate of corporation tax is 21% where a company's profits exceed £1,500,000 (divided by companies under common control). The 20% small profits rate continues to apply to companies with profits up to £300,000 (also divided as above). As previously - [R&D tax credit rate increased](https://www.robinsonslondon.com/2014/04/01/2014-04-s05-tax-2/) - News: April 2014 R&D tax credit rate increased Companies that are small and medium sized enterprises (SMEs) carrying out qualifying research and development can currently claim a corporation tax deduction of 225% of their qualifying spend. This means that £100,000 spend would result in a £225,000 reduction in taxable profits, potentially saving £45,000 corporation tax - [New tax–free childcare scheme](https://www.robinsonslondon.com/2014/04/01/2014-04-s06-tax-2/) - News: April 2014 New tax–free childcare scheme This new scheme, which starts in Autumn 2015, was originally announced in 2013 as being worth up to £1,200 per child. It has now been announced that the Government support will be even more generous with the limit being increased to £2,000 per child per year. The parents - [VAT registration limit £81,000](https://www.robinsonslondon.com/2014/04/01/2014-04-s07-tax-2/) - News: April 2014 VAT registration limit £81,000 The VAT registration limit has been increased by £2,000 to £81,000 from 1 April 2014. The de-registration limit also increased by £2,000 to £79,000. - [Seed EIS relief to be permanent](https://www.robinsonslondon.com/2014/04/01/2014-04-s08-tax-2/) - News: April 2014 Seed EIS relief to be permanent Seed EIS was introduced in 2012/13 to provide tax relief for individuals investing in small start–up companies and was originally scheduled to end on 5 April 2017. It was announced in the Budget that the generous tax breaks would now be made permanent: A 50% tax - [Diary of Main Tax Events - April / May 2014](https://www.robinsonslondon.com/2014/04/01/2014-04-s09-tax-2/) - Tax diary: All the main tax events for April / May 2014 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [WiFi access - anywhere on Earth](https://www.robinsonslondon.com/2014/03/01/2014-03-s01-2/) - News: March 2014 WiFi access - anywhere on Earth Iridium Communications has launched its new Iridium GO! device which uses satellite communication technology to give smartphone users Wi-Fi access anywhere on Earth. Using Iridium’s network of 66 satellites and ground network infrastructure, Iridium’s new Wi-Fi device means you can access your email pretty much anywhere. - [Budget Summary](https://www.robinsonslondon.com/2014/03/01/2014-03-s01-budget-2/) - News: March 2014 Budget Summary This was a Budget for bingo-playing baby-boomers who have not started to draw their private pensions. George Osborne announced some sweeping reforms to the taxation of pensions and halved bingo duty. The traditional sin taxes on booze and fuel have largely been frozen or even reduced, although tobacco suffers a - [Year end planning](https://www.robinsonslondon.com/2014/03/01/2014-03-s01-tax-2/) - News: March 2014 Year end planning Pension planning Take advantage of the pension carry forward rules in order to benefit from any unused allowances from the previous three tax years. This is generally the difference between £50,000 and the pension input each year and can be added to your relief for 2013/14. Note that the - [Boost efficiency with a document management system](https://www.robinsonslondon.com/2014/03/01/2014-03-s02-2/) - News: March 2014 Boost efficiency with a document management system An effective system that can create, store, and track documents electronically is a necessity in any modern business. One thing that is common with any growing business is the large number of documents that have to be stored and retrieved as the need arises. This - [Business Taxes](https://www.robinsonslondon.com/2014/03/01/2014-03-s02-budget-2/) - News: March 2014 Business Taxes Capital Allowances The rates and thresholds of the main capital allowances will apply as follows: From: 1 January 2013 to April 2014 1 or 6 April 2014 to 31 December 2015 From 1 January 2016 Main pool: writing down allowance 18% 18% 18% Special rate pool: writing down allowance 8% - [Take advantage of the £2,000 employment allowance from 6.4.14](https://www.robinsonslondon.com/2014/03/01/2014-03-s02-tax-2/) - News: March 2014 Take advantage of the £2,000 employment allowance from 6.4.14 The new £2,000 “employment allowance” that provides relief from paying employers NIC on the first £2,000 of contributions starts 6 April 2014. For many employers the benefit of the £2,000 relief will be obtained in month 1 by reducing employers NIC payable, for - [Pricing for profit](https://www.robinsonslondon.com/2014/03/01/2014-03-s03-2/) - News: March 2014 Pricing for profit No matter what type of business you run, pricing is one of the most important factors of your marketing strategy. Correct pricing can make your product or service a hit or a failure in the market. Here are a few pricing strategies to consider: Generic or Economic pricing In - [National Insurance](https://www.robinsonslondon.com/2014/03/01/2014-03-s03-budget-2/) - News: March 2014 National Insurance Employees The rates and thresholds for National Insurance Contributions for 2014/15 are: Class: Weekly earnings Rate Employer's class 1 above primary threshold Above £153 13.8% Employee's class 1 not contracted out From £153 to £805 12% Employee's additional class 1 Above £805 2% Married woman's rate* From £153 to £805 - [Make charitable payments under gift aid to save more tax](https://www.robinsonslondon.com/2014/03/01/2014-03-s03-tax-2/) - News: March 2014 Make charitable payments under gift aid to save more tax Higher rate taxpayers should make any charitable payments under Gift Aid so that you obtain additional tax relief. The charity will also be able to reclaim the basic rate tax from HMRC. Note also that Gift Aid can be carried back for - [Building web traffic - mobile search](https://www.robinsonslondon.com/2014/03/01/2014-03-s04-2/) - News: March 2014 Building web traffic - mobile search For any brand that offers products and services online, mobile search is at least as important as the conventional desktop computer search. An increasing number of internet users are using smartphones to browse websites on the daily commute. If you don’t focus on this segment, you - [Individual](https://www.robinsonslondon.com/2014/03/01/2014-03-s04-budget-2/) - News: March 2014 Individual Personal Allowances The standard personal allowance will rise to £10,500 from 6 April 2015. The age related allowances are gradually falling in line with age-related allowances given to taxpayers born since April 1948. The transferrable allowance will apply from 6 April 2015 to couples (married or civil partners) where neither person - [Avoid losing your personal allowance](https://www.robinsonslondon.com/2014/03/01/2014-03-s04-tax-2/) - News: March 2014 Avoid losing your personal allowance For every £2 that your adjusted net income exceeds £100,000 the £9,440 personal allowance is reduced by £1. Pension contributions and Gift Aid can help to reduce adjusted net income and save tax at an effective rate of 60%. - [Capital Taxes](https://www.robinsonslondon.com/2014/03/01/2014-03-s05-budget-2/) - News: March 2014 Capital Taxes Enveloped Dwellings The annual tax on enveloped dwellings (ATED) applies where a residential property located in the UK is owned by a non-natural person such as; a company, partnership with a corporate member or a collective investment scheme. There are a large number of reliefs and exemptions from the charge, - [Inheritance Tax](https://www.robinsonslondon.com/2014/03/01/2014-03-s06-budget-2/) - News: March 2014 Inheritance Tax The inheritance tax (IHT) nil rate band will remain frozen at £325,000 until 2017/18, and the rates of IHT payable on death remain unchanged at 40% or 36% where at least 10% of the net estate is left to charity. The government will consult on extending the existing IHT exemption - [Investments](https://www.robinsonslondon.com/2014/03/01/2014-03-s07-budget-2/) - News: March 2014 Investments Seed Enterprise Investment Scheme (SEIS) The SEIS was introduced for a limited five year period from 1 April 2012. The SEIS has now been made permanent, with the income tax and capital gains tax reliefs applying as shown below for all future years. SEIS 2013/14 2014/15 Rate of income tax relief - [VAT](https://www.robinsonslondon.com/2014/03/01/2014-03-s08-budget-2/) - News: March 2014 VAT VAT Rates The VAT rates and thresholds are as follows: From: 1 April 2013 1 April 2014 Lower rate 0% 0% Reduced rate 5% 5% Standard rate 20% 20% Registration turnover £79,000 £81,000 Deregistration turnover £77,000 £79,000 Acquisitions from EU member states, registration and deregistration threshold £79,000 £81,000 Changes from 2014 - [Samsung smart watch](https://www.robinsonslondon.com/2014/02/01/2014-02-s01-2/) - News: February 2014 Samsung smart watch Samsung's Galaxy Gear is among the first smart watches to be released by a major mobile phone manufacturer and is intended to lead the way in the emerging field of wearable, connected technology. The new Samsung Galaxy Gear Smart watch lets you take calls, send texts, and perform various - [Real time information (RTI)](https://www.robinsonslondon.com/2014/02/01/2014-02-s01-tax-2/) - News: February 2014 Real Time Information or RTI was introduced from 6 April 2013 which requires employers to submit payroll data to HMRC on or before wages and salaries are paid to employees. However during the 2013/14 tax year this general rule is relaxed for employers with fewer than 50 employees who may submit their - [Workplace wellness programmes](https://www.robinsonslondon.com/2014/02/01/2014-02-s02-2/) - News: February 2014 Workplace wellness programmes Workplace wellness programmes are pretty common in large businesses. However, such initiatives have largely been ignored by small and medium sized firms. The following are some tips for smaller businesses who want to implement a workplace wellness programme. Solicit employee input Periodically ask employees for their input and ideas - [Get ready for pension auto-enrolment](https://www.robinsonslondon.com/2014/02/01/2014-02-s02-tax-2/) - News: February 2014 Get ready for pension auto-enrolment The next big challenge for payroll departments within Small and Medium sized enterprises will be the phasing in of Auto-Enrolment which will require all employers to provide a pension scheme for their employees. Between 1 October 2012 and 1 February 2014 this has been a requirement for - [Planning for success in 2014](https://www.robinsonslondon.com/2014/02/01/2014-02-s03-2/) - News: February 2014 Planning for success in 2014 As we move into 2014, many businesses and their management teams are taking a step back, looking at the business, considering how the market will develop over the next 12 months and creating plans to grow the firm and take advantage of changes in the business environment. - [New HMRC tax residence indicator tool](https://www.robinsonslondon.com/2014/02/01/2014-02-s03-tax-2/) - News: February 2014 New HMRC tax residence indicator tool From 6 April 2013 new Statutory tests were introduced to determine whether individuals are resident in the UK or not, generally making the rules much clearer than previously. There will still be situations where someone's tax residence isn't clear cut where they spend substantial time overseas - [Defining your brand](https://www.robinsonslondon.com/2014/02/01/2014-02-s04-2/) - News: February 2014 Defining your brand Branding is much more than a logo. Whether you sell products or services, your brand is as much about a customer experience as it is about corporate colours. So, now that we are entering 2014, why not take a look at your brand. Can you write down, in a - [Tax relief for renewing "white goods" in let properties](https://www.robinsonslondon.com/2014/02/01/2014-02-s04-tax-2/) - News: February 2014 Tax relief for renewing "white goods" in let properties Controversially and without any prior warning HMRC removed the concession that allowed a tax deduction for the replacement of free standing equipment that does not qualify for capital allowances in unfurnished buy to let properties with effect from 6 April 2013. Previously there - [Withdrawing funds from insurance bonds](https://www.robinsonslondon.com/2014/02/01/2014-02-s05-tax-2/) - News: February 2014 Withdrawing funds from insurance bonds Single Premium Insurance Bonds can be a very tax efficient investment product as the tax rules allow up to 5% of the capital value to be withdrawn tax free each year. If no withdrawals are made that year the 5% tax free amounts accumulate so that after - [Let property campaign](https://www.robinsonslondon.com/2014/02/01/2014-02-s06-tax-2/) - News: February 2014 Let property campaign HMRC is targeting tax evasion by residential landlords. They'll use information they have about property rental in the UK and abroad and other information they hold on customers to identify people who might not have paid what they owe. Landlords who have not reported rental profits from properties in - [Diary of Main Tax Events - February / March 2014](https://www.robinsonslondon.com/2014/02/01/2014-02-s07-tax-2/) - Tax diary: All the main tax events for February / March 2014 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [Diary of Main Tax Events - March / April 2014](https://www.robinsonslondon.com/2014/02/01/2014-03-s06-tax-2/) - Tax diary: All the main tax events for March / April 2014 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines and what’s likely to be due. These deadlines are intended to be used as a guideline and are based - [IT - Solar powered wireless keyboard](https://www.robinsonslondon.com/2014/01/01/2014-01-s01-2/) - News: January 2014 IT - Solar powered wireless keyboard If you like Apple's Bluetooth keyboard, but you're sick of changing batteries, the Logitech K760 may be what you need. Not only will you never have to charge it (as long as you have at least some light in your workspace), it lets you use the - [Personal allowance and tax bands](https://www.robinsonslondon.com/2014/01/01/2014-01-s01-tax-2/) - News: January 2014 Personal allowance and tax bands The promised hike in the personal allowance to £10,000 is confirmed for the tax year 2014/15. The basic rate limit is £31,865 for 2014/15. This means that 40% taxpayers (if taxable income does not exceed £100,000) will partly benefit from the increase in personal allowance. The 45% - [HR](https://www.robinsonslondon.com/2014/01/01/2014-01-s02-2/) - News: January 2014 HR Connecting your HR Systems with the rest of the Business Integration of systems and sharing of data is key to running a successful business no matter how big or small the company. HR is no exception and should connect to other systems for both reporting and triggering actions. A useful suite - [Corporation tax](https://www.robinsonslondon.com/2014/01/01/2014-01-s02-tax-2/) - News: January 2014 Corporation tax profits year to 31/3/15 (FY2014) 31/3/16 (FY2015) first £300,000 20% 20% over £1.5m 21% 20% The concept of associated companies will be of limited application once there is a standard rate of corporation tax of 20%, but it will still be relevant in determining whether the tax has to be - [Business strategy](https://www.robinsonslondon.com/2014/01/01/2014-01-s03-2/) - News: January 2014 Business strategy Tips for buying out a competitor As the economy begins to recover, many businesses are finding themselves in a rather enviable position - large cash reserves in the bank and weaker competitors waiting to be snapped up for a bargain price. So, you know you want to expand by acquiring - [CGT](https://www.robinsonslondon.com/2014/01/01/2014-01-s03-tax-2/) - News: January 2014 CGT Annual Capital Gains Tax (CGT) exemption This is confirmed as £11,000 in 2014/15, so is worth a useful £3,080 at the 28% rate Employee ownership Following consultation there will be new tax reliefs to encourage and promote indirect employee ownership. This will represent a possible alternative exit route from your business, - [General business tips](https://www.robinsonslondon.com/2014/01/01/2014-01-s04-2/) - News: January 2014 General business tips Ways to improve your customer relationships If we have any work, we have customers! Maintaining and growing these relationships makes the time spent on a project more enjoyable and effective and also improves the chance of referrals and future business. The following are things you can do to improve - [LLPs and RTI](https://www.robinsonslondon.com/2014/01/01/2014-01-s04-tax-2/) - News: January 2014 LLPs and RTI Members of limited liability partnerships (LLPs) LLPs have become increasingly popular as a vehicle for carrying on a wide variety of businesses, although running a business as a limited company may well be the norm once corporation tax rates go down to 20% whatever the level of taxable profits. - [Marketing](https://www.robinsonslondon.com/2014/01/01/2014-01-s05-2/) - News: January 2014 Marketing Create impact with your bid presentations The pressure to win new business has never been so great. How firms package their contents can make the difference between success and failure. Be dynamic How you look is a big influencer on how people react to you, especially if they hardly know you; - [Close company loans](https://www.robinsonslondon.com/2014/01/01/2014-01-s05-tax-2/) - News: January 2014 Close company loans There were important anti-avoidance changes to the tax regime earlier in 2013, whereby the company can face a tax charge of 25% on the loans, and there was the threat of more changes on the way. However, following consultation it has been decided that there will be no immediate - [NI](https://www.robinsonslondon.com/2014/01/01/2014-01-s06-tax-2/) - News: January 2014 NI Class 3A voluntary national insurance contributions From October 2015 this new class of voluntary NICs will be introduced to give those who reach State Pension age before 6 April 2016 an opportunity to boost their Additional State Pension. This is because they will not be able to benefit from the new - [Changes for cars](https://www.robinsonslondon.com/2014/01/01/2014-01-s07-tax-2/) - News: January 2014 Changes for cars Car fuel benefit charge Employees and directors who are provided with a company car and who also receive some or all of their private fuel from their employers are subject to the fuel benefit charge – on an all or nothing basis. The benefit charge is determined by applying - [Community amateur sports club, social, and occupational health](https://www.robinsonslondon.com/2014/01/01/2014-01-s08-tax-2/) - News: January 2014 Community amateur sports club, social, and occupational health Community amateur sports club (CASC) An individual can make a donation to a CASC under Gift Aid. This will be extended to cover donations of money made by companies. Social investment tax relief As previously announced, a new tax relief for equity and certain - [Apple iPad Air](https://www.robinsonslondon.com/2013/12/01/2013-12-s01-2/) - News: December 2013 Apple iPad Air With the plethora of new tablets being launched by the likes of Samsung, ASUS, HP, Dell, etc., it was only a matter of time before Apple gave the iPad an overhaul. The original, boxy, first-generation device was only available for about 11 months, before being replaced in 2011 by - [Amortisation of goodwill](https://www.robinsonslondon.com/2013/12/01/2013-12-s01-tax-2/) - News: December 2013 Amortisation of goodwill If you buy the goodwill of a business you will often be able to claim corporation tax relief on the amount of the purchase price which is amortised in the accounts. The question then is at what rate can goodwill be amortised? There are new developments on this. In - [Communication & performance management](https://www.robinsonslondon.com/2013/12/01/2013-12-s02-2/) - News: December 2013 Communication & performance management Good communication is key in any business and no more so than when it comes to performance management in a firm. Issues relating to staff members and the performance of their duties arise often when running a business (or a department for that matter). Whether it is timekeeping - [Data on company cars](https://www.robinsonslondon.com/2013/12/01/2013-12-s02-tax-2/) - News: December 2013 Data on company cars If a car is provided by reason of an employment and is available for private use, there is ordinarily an income tax charge on an amount which is calculated as a variable percentage of the original list price, the variation depending on the level of the car's CO2 - [Setting effective KPIs](https://www.robinsonslondon.com/2013/12/01/2013-12-s03-2/) - News: December 2013 Setting effective KPIs Setting goals and a strategy for your business is important. However you then need to measure how the business is performing in order to understand if the firm is moving forward and is on track to achieve its goals. As such it is necessary to set Key Performance Indicators - [Special relief](https://www.robinsonslondon.com/2013/12/01/2013-12-s03-tax-2/) - News: December 2013 Special relief This valuable relief is worth knowing about. It effectively extends the right to claim OVERPAYMENT RELIEF to cover tax overpaid where ordinarily the deadline of four years after the end of the tax year concerned has not been met. It can only apply if specific conditions are met. In particular - [Points to consider when setting a marketing strategy](https://www.robinsonslondon.com/2013/12/01/2013-12-s04-2/) - News: December 2013 Points to consider when setting a marketing strategy Your marketing strategy consists of the things that you do in your business to make the phone ring. Each technique requires different combinations of financial and human resources. Here are a few pointers on which marketing decisions to improve the return on marketing investment. - [New HMRC approach to business records check (BRCs)](https://www.robinsonslondon.com/2013/12/01/2013-12-s04-tax-2/) - News: December 2013 New HMRC approach to business records check (BRCs) The BRC programme involves on-site visits to encourage taxpayers to keep better records, and to keep up to date. The checks help and encourage SMEs, say HMRC, to improve the standard of records they keep and consequently help them to send correct returns to - [Class 4 NICs have to be paid up to state retirement age even where that is increased](https://www.robinsonslondon.com/2013/12/01/2013-12-s05-tax-2/) - News: December 2013 Class 4 NICs have to be paid up to state retirement age even where that is increased It needs to be appreciated that Class 4 NICs are only not due by the self-employed with profits in excess of the lower annual profits limit if under 16 or he/she reached state pension age - [NICs and self-employed entertainers](https://www.robinsonslondon.com/2013/12/01/2013-12-s06-tax-2/) - News: December 2013 NICs and self-employed entertainers Entertainers will be treated as self-employed for NIC purposes from 6 April 2014 instead of being deemed to be employed earners. This is a reversion to the rules which applied up to 1998. For this purpose an entertainer is defined as someone engaged as an actor, singer or - [Tax diary of main events](https://www.robinsonslondon.com/2013/12/01/2013-12-s07-tax-2/) - News: December 2013 Tax diary of main events Date What's Due 19 December PAYE & NIC deductions, and CIS return and tax, for month to 5/12/13 (due 22 December if you pay electronically) 1 January Corporation tax for year to 31/3/13 19 January PAYE & NIC deductions, and CIS return and tax, for month to - [Samsung Galaxy S3 Note](https://www.robinsonslondon.com/2013/11/01/2013-11-s01-2/) - News: November 2013 Samsung Galaxy S3 Note It seems that smartphones are getting bigger and bigger these days. Samsung is certainly leading the charge with the launch of its Galaxy S3 Note, featuring an impressive 5.7’ display. The Samsung Galaxy Note range essentially blurs the line between a smartphone and a tablet. Like existing models - [IHT business property relief on furnished holiday lettings](https://www.robinsonslondon.com/2013/11/01/2013-11-s01-tax-2/) - News: November 2013 IHT business property relief on furnished holiday lettings IHT business property relief is extremely valuable, as on your death it effectively eliminates inheritance tax on the value of the property. The problem is that, following recent case law, HMRC are likely to resist any claims on the grounds that the activity of - [Hosting a great seminar](https://www.robinsonslondon.com/2013/11/01/2013-11-s02-2/) - News: November 2013 Hosting a great seminar Hosting a seminar is a great way to reach out to new customers and give existing customers a little bit of “value added”. However, putting on a good event isn't always as easy as it looks. It takes a lot of preparation, coordination and attention to detail to - [The employer's £2,000 NIC allowance](https://www.robinsonslondon.com/2013/11/01/2013-11-s02-tax-2/) - News: November 2013 The employer's £2,000 NIC allowance This valuable allowance is due to start for all businesses on 6 April 2014, and simply exempts the employer from the normal employer NICs of 13.8% of the earnings paid. The mechanics are that the allowance will be obtained via standard payroll software and HMRC’s RTI system. - [Know your competitors](https://www.robinsonslondon.com/2013/11/01/2013-11-s03-2/) - News: November 2013 Know your competitors Businesses need to know their competition, especially in today’s hyper-competitive business environment. Knowing what the competition is up to allows you to develop unique selling points (USPs) which will encourage buyers to purchase from you. People In order to understand the customer experience offered by your competitors, try “mystery - [Guidance on the general anti-abuse rule (GAAR)](https://www.robinsonslondon.com/2013/11/01/2013-11-s03-tax-2/) - News: November 2013 Guidance on the general anti-abuse rule (GAAR) This controversial measure allows HMRC to nullify an arrangement which is held to be abusive in terms of avoiding tax. This is all fairly subjective, but HMRC have published guidance on how they will operate the new rules which do give some comfort. In particular - [Tips for being a better manager](https://www.robinsonslondon.com/2013/11/01/2013-11-s04-2/) - News: November 2013 Tips for being a better manager No matter how big or small a business is, good managers will always make a business better. What traits make a highly effective manager? Experience being a given, here are a few points to consider: Decisiveness Effective managers are known to make decisions quickly and are - [Auto enrolment of employees into a pension scheme](https://www.robinsonslondon.com/2013/11/01/2013-11-s04-tax-2/) - News: November 2013 Auto enrolment of employees into a pension scheme The Auto Enrolment Scheme is also controversial but in a different way, as it imposes a legal obligation on employers to enrol employees into a pension scheme that meets certain standards. The start date for auto enrolment varies, but all employees aged between 22 - [Health and wellbeing tax plan](https://www.robinsonslondon.com/2013/11/01/2013-11-s05-tax-2/) - News: November 2013 Health and wellbeing tax plan The latest campaign from HMRC is aimed at chiropodists, psychologists and homeopaths who feel they might not have declared all of their income. It offers the usual time-limited disclosure opportunity in which to bring tax affairs up to date on preferential terms. The campaign is not intended - [Transferable tax allowance for couples](https://www.robinsonslondon.com/2013/11/01/2013-11-s06-tax-2/) - News: November 2013 Transferable tax allowance for couples From 2015/16, married couples and civil partners can transfer up to £1,000 of their personal allowance to their partner, but only if neither individual pays tax at the 40% rate. It is therefore a modest tax break, worth a maximum of £200 each tax year, but every - [Tax diary of main events for October / November 2013](https://www.robinsonslondon.com/2013/11/01/2013-11-s07-tax-2/) - News: November 2013 Tax diary of main events for October / November 2013 Date What's Due 1 November Corporation tax for year to 31/01/13 19 November PAYE & NIC deductions, and CIS return and tax, for month to 5/11/13 (due 22 November if you pay electronically) 1 December Corporation tax for year to 28/02/13 19 - [Pinterest Marketing Strategies](https://www.robinsonslondon.com/2013/10/01/2013-10-s01-2/) - News: October 2013 Pinterest Marketing Strategies With over 27 million unique visitors and in excess of 200 million page views a day, Pinterest is one of the fastest-growing social media sites out there, so it's all the more important to leverage it in all aspects of your online marketing efforts. Here are some ways to - [Tax charge on taking a loan from a close company - more bad news to come?](https://www.robinsonslondon.com/2013/10/01/2013-10-s01-tax-2/) - News: October 2013 Tax charge on taking a loan from a close company - more bad news to come? As I have mentioned in previous editions of the Tax E-News, there has been a tightening of the rules regarding the receipt of a loan from a close company. The company can be taxed 25% on - [Iphone 5s And 5c](https://www.robinsonslondon.com/2013/10/01/2013-10-s02-2/) - News: October 2013 Iphone 5s And 5c Apple have officially announced the iPhone 5C and iPhone 5S. Here is a comparison of the new must-have smartphones. Let's begin with the iPhone 5C, which is more of a repackaging exercise rather than a new phone. It's essentially the iPhone 5 with an array of colourful polycarbonate - [Yet More Hmrc Taskforces Launched](https://www.robinsonslondon.com/2013/10/01/2013-10-s02-tax-2/) - News: October 2013 Yet More Hmrc Taskforces Launched HMRC have announced 4 new taskforces that will investigate tax evasion in specific commercial and geographical sectors. The taskforces bring together various compliance and enforcement teams for what they term "intensive bursts of targeted activity". The new taskforces will investigate the following: Construction industry in London (expecting - [Strategic Alliances](https://www.robinsonslondon.com/2013/10/01/2013-10-s03-2/) - News: October 2013 Strategic Alliances In the current economic climate, businesses must look at new ways to win customers. As such, many firms are now looking at strategic alliances which allow them to access new segments of the market. If properly executed, a strategic alliance can be good for business and good for the consumer. - [Company Car Advisory Fuel Rates](https://www.robinsonslondon.com/2013/10/01/2013-10-s03-tax-2/) - News: October 2013 Company Car Advisory Fuel Rates These are reviewed each quarter on 1 March, 1 June, 1 September and 1 December. They have shown very little change in recent times, but the new rates from 1 September 2013 do show a modest increase (reduction for LPG) in some situations. Where a change applies, - [Tips For Press / Media Interviews](https://www.robinsonslondon.com/2013/10/01/2013-10-s04-2/) - News: October 2013 Tips For Press / Media Interviews As a business owner or manager, you will most likely have to speak to the press or media at some point in your career. Here are some tips to help you deliver a compelling message when engaging with the press: Create a Headline Every time you - [Tax Diary Of Main Events For October / November 2013](https://www.robinsonslondon.com/2013/10/01/2013-10-s04-tax-2/) - News: October 2013 Tax Diary Of Main Events For October / November 2013 Date What's Due 1 October Corporation tax for year to 31/12/12 19 October PAYE & NIC deductions, and CIS return and tax, for month to 5/10/13 (due 22 October if you pay electronically) 1 November Corporation tax for year to 31/01/13 19 - [OUTSOURCING HUMAN RESOURCES](https://www.robinsonslondon.com/2013/09/01/2013-09-s01-2/) - News: September 2013 OUTSOURCING HUMAN RESOURCES In today's challenging business environment, many businesses are turning to outsourcing as a way to reduce costs. It is not uncommon for firms to outsource functions such as IT, payroll, back office functions etc. Now, however, firms are beginning to consider the potential of outsourcing human resources (HR). The - [CASH BASIS FOR SMALL BUSINESSES plus FIXED RATE DEDUCTIONS](https://www.robinsonslondon.com/2013/09/01/2013-09-s01-tax-2/) - News: September 2013 CASH BASIS FOR SMALL BUSINESSES plus FIXED RATE DEDUCTIONS This new option for some small businesses needs careful consideration, particularly if you are self-employed and have annual turnover of less than £79,000. You can choose to: use the cash basis with or without also using fixed rate deductions use accruals accounting with - [SAMSUNG GALAXY S4](https://www.robinsonslondon.com/2013/09/01/2013-09-s02-2/) - News: September 2013 SAMSUNG GALAXY S4 Samsung's Galaxy S3 was one of the most popular phones of last year, rivalled only by the iPhone. It played a huge role in establishing Android devices in the business arena. Samsung recently unveiled the Galaxy S4, a phone boasting specifications to make even the most ardent tech lovers - [100% TAX WRITE-OFF FOR A LOW EMISSION CAR](https://www.robinsonslondon.com/2013/09/01/2013-09-s02-tax-2/) - News: September 2013 100% TAX WRITE-OFF FOR A LOW EMISSION CAR If you buy a new car for your business that has CO2 emissions of no more than 95g/km, you can claim a full deduction against your business profits. There are approximately 30 cars that fall into this category, but the list is growing. If - [ADAPTING TO CHANGES IN THE MARKET](https://www.robinsonslondon.com/2013/09/01/2013-09-s03-2/) - News: September 2013 ADAPTING TO CHANGES IN THE MARKET Due to the turbulence of the current economy, businesses today are having to adapt to constant market shifts. The businesses that adapt best to this "new normal" will thrive as the market improves over the coming years. Every market changes, but some change faster than others. - [CLASS 2 NICs COLLECTION](https://www.robinsonslondon.com/2013/09/01/2013-09-s03-tax-2/) - News: September 2013 CLASS 2 NICs COLLECTION Consultation is underway as to whether Class 2 national insurance contributions should be collected via self-assessment, in the same way as income tax and Class 4 NICs. It seems likely that this will go through, replacing the current method of collection via direct debits or quarterly demands. - [PR PROGRAMMES MUST HAVE OBJECTIVES](https://www.robinsonslondon.com/2013/09/01/2013-09-s04-2/) - News: September 2013 PR PROGRAMMES MUST HAVE OBJECTIVES In order to maximise return on investment, PR programmes should serve an actual purpose. PR for the sake of PR will most likely fail to produce a tangible result. Instead, each PR programme your business undertakes should tie in with at least one strategic objective of your - [CODING OUT TAX DEBT](https://www.robinsonslondon.com/2013/09/01/2013-09-s04-tax-2/) - News: September 2013 CODING OUT TAX DEBT HMRC are looking to increase this activity, which involves the collection of tax debts by way of reducing your Code Number used when calculating PAYE deductions on earnings. There would be no change to the current £3,000 maximum that can be coded out for individuals earning less than - [NEW TAX RELIEF ARRANGEMENT OF SMALL CASH DONATIONS TO A CHARITY](https://www.robinsonslondon.com/2013/09/01/2013-09-s05-tax-2/) - News: September 2013 NEW TAX RELIEF ARRANGEMENT OF SMALL CASH DONATIONS TO A CHARITY Previously, cash deposits made into a charity collection box would offer no tax refund to the charity. This has now changed; a cash donation of no more than £20 is treated as a gift, after deduction of basic rate tax, which - [TAX DIARY OF MAIN EVENTS FOR SEPTEMBER / OCTOBER 2013](https://www.robinsonslondon.com/2013/09/01/2013-09-s06-tax-2/) - News: September 2013 TAX DIARY OF MAIN EVENTS FOR SEPTEMBER / OCTOBER 2013 Date Whats Due 1 September Corporation tax for year to 30/11/12 19 September PAYE & NIC deductions, and CIS return and tax, for month to 5/9/13 (due 22 September if you pay electronically) 1 October Corporation tax for year to 31/12/12 19 - [Motivate your team for success](https://www.robinsonslondon.com/2013/08/01/2013-08-s01-2/) - News: August 2013 Motivate your team for success Motivating employees towards success is one essential ingredient in maintaining a vigorous, cost-effective, serviceable and productive business. One of the toughest challenges faced by business managers in today's difficult market is maintaining employee motivation over the long term. Reward One way to motivate your team is through - [HMRC going increasingly digital](https://www.robinsonslondon.com/2013/08/01/2013-08-s01-tax-2/) - News: August 2013 HMRC going increasingly digital £200 million is to be invested in HMRC's digital services, which they believe will reduce their costs dramatically. Cynics will say that is all very well, but it means the taxpayer or his agent will have to do more of the work needed. Please be assured that we - [Top tips for buying your next laptop](https://www.robinsonslondon.com/2013/08/01/2013-08-s02-2/) - News: August 2013 Top tips for buying your next laptop Despite the plethora of tablets and mobile devices on the market, business professionals still depend on good old-fashioned laptops / notebooks as general workhorses. Here are a few things to consider when purchasing your next business laptop: Size and Weight Do you plan to take - [CGT private residence relief – is it a residence?](https://www.robinsonslondon.com/2013/08/01/2013-08-s02-tax-2/) - News: August 2013 CGT private residence relief – is it a residence? To stand any chance of the gain on sale of a residential property being wholly or partly exempt from tax, one of the requirements is that you can show it was used as your only or main residence. There are a growing number - [Make the most of blogging](https://www.robinsonslondon.com/2013/08/01/2013-08-s03-2/) - News: August 2013 Make the most of blogging Until relatively recently, blogging was often perceived as an online diary for individuals to share their opinions and personal experiences. However, a blog today can be a powerful marketing tool. Whether you want to create web traffic, grow your online community, build relationships with customers, position yourself - [Extra corporation tax relief for the creative sector](https://www.robinsonslondon.com/2013/08/01/2013-08-s03-tax-2/) - News: August 2013 Extra corporation tax relief for the creative sector If you run a business involving the creation of animation programmes, high-end TV programmes, or video games, you can look forward to extra tax relief on the production costs. This results in corporation tax relief on no less than 200% of the actual costs - [Get more out of your meetings](https://www.robinsonslondon.com/2013/08/01/2013-08-s04-2/) - News: August 2013 Get more out of your meetings Meetings are a necessary evil. However, they are time consuming, resource intensive and can often prove to be inefficient if attendees are not prepared. Here are some top tips to help you to make the most of your meetings. Create an Agenda Agree an agenda for - [New tax reliefs to encourage employee ownership](https://www.robinsonslondon.com/2013/08/01/2013-08-s04-tax-2/) - News: August 2013 New tax reliefs to encourage employee ownership Consultation has started on the following possible reliefs: 1. CGT relief when the controlling share of a business is sold into an indirect employee ownership structure. 2. Income tax and NICs exemption by reference to an indirect employee owned company paying a certain amount each - [New HMRC taskforces](https://www.robinsonslondon.com/2013/08/01/2013-08-s05-tax-2/) - News: August 2013 New HMRC taskforces HMRC has announced four new taskforces to investigate tax evasion in specific commercial and geographical sectors. The taskforces bring together various compliance and enforcement teams for what they term intensive bursts of targeted activity. The new taskforces are localised and cover the following: Holiday industry in Blackpool, Lake District, - [Tax diary of main events for August/September 2013](https://www.robinsonslondon.com/2013/08/01/2013-08-s06-tax-2/) - News: August 2013 Tax diary of main events for August/September 2013 Date Whats Due 1 August Corporation tax for year to 31/10/12 19 August PAYE & NIC deductions, and CIS return and tax, for month to 5/8/13 1 September (due 22 August if you pay electronically) 19 September Corporation tax for year to 30/11/12 - [THE MOBILE MARKET](https://www.robinsonslondon.com/2013/07/01/2013-07-s01-2/) - News: July 2013 THE MOBILE MARKET According to recent figures from Ofcom, smartphone market penetration in the UK now sits at c. 58%. With widespread 3G coverage, Wi-Fi hotspots and now 4G rolling out across the UK, mobile phone users are consuming more media and content than ever before. Devices such as the Apple iPhone, - [SHOULD LLPs INCORPORATE?](https://www.robinsonslondon.com/2013/07/01/2013-07-s01-tax-2/) - News: July 2013 SHOULD LLPs INCORPORATE? A consultation document has been published on an HMRC attempt to stop what they believe are artificial profit and loss allocation schemes involving members of LLPs (and indeed other partnerships) where some of the members are chargeable to income tax but others are not. What they do not like - [USING TWITTER AS A PR TOOL](https://www.robinsonslondon.com/2013/07/01/2013-07-s02-2/) - News: July 2013 USING TWITTER AS A PR TOOL Many businesses use Twitter as part of their social media strategy but many fail to utilise it properly as a publication relations (PR) tool. Some businesses view the 140 character limit per post as a negative but that is potentially due to a lack of understanding - [TAX CHARGE ON TAKING A LOAN FROM A CLOSE COMPANY AND TAX MAIN EVENTS FOR JULY/AUGUST 2013](https://www.robinsonslondon.com/2013/07/01/2013-07-s02-tax-2/) - News: July 2013 TAX CHARGE ON TAKING A LOAN FROM A CLOSE COMPANY AND TAX MAIN EVENTS FOR JULY/AUGUST 2013 We touched on this in the last newsletter, and now we have more flesh on the bone so we can advise you on how to avoid the new tightening-up of popular arrangements which previously succeeded - [PROJECT MANAGEMENT](https://www.robinsonslondon.com/2013/07/01/2013-07-s03-2/) - News: July 2013 PROJECT MANAGEMENT In today's hyper-competitive business world, project management has become an essential skill for managers. As businesses grow and develop they need to adapt to change. A good project manager can ensure the successful delivery of projects that help to move the business forward. Time management Projects are temporary in nature - [IS PROPERTY LETTING A BUSINESS OR A TRADING ACTIVITY?](https://www.robinsonslondon.com/2013/07/01/2013-07-s03-tax-2/) - News: July 2013 IS PROPERTY LETTING A BUSINESS OR A TRADING ACTIVITY? This is often a moot point, but following a recent tax tribunal decision (Elizabeth Moyne Ramsey v HMRC UKUT266) we now know that it is a business for the purposes of claiming CGT roll-over relief on incorporation of a property letting activity. That - [MENTORING](https://www.robinsonslondon.com/2013/07/01/2013-07-s04-2/) - News: July 2013 MENTORING Business leaders are not born – they are created. Effective training and mentoring are the foundations of most successful managers, chief executives or business owners. Business leaders of the future must learn from those that are in leadership positions today. Future proofing your business means investing in your people to create - [NICs AND SELF-EMPLOYED ENTERTAINERS](https://www.robinsonslondon.com/2013/07/01/2013-07-s04-tax-2/) - News: July 2013 NICs AND SELF-EMPLOYED ENTERTAINERS This controversial issue revolves around the fact that whilst self-employed for income tax purposes, an entertainer is generally deemed to be an employed earner for NIC purposes. Up for consultation is a choice of action to take effect from 6 April 2014, with the choices being: Do nothing - [COMPANY CAR ADVISORY FUEL RATES](https://www.robinsonslondon.com/2013/07/01/2013-07-s06-tax-2/) - News: July 2013 COMPANY CAR ADVISORY FUEL RATES These are reviewed each quarter on 1 March, 1 June, 1 September and 1 December. They have shown very little change in recent times, but the new rates from 1 June 2013 do show a reduction in some situations with the previous rates in brackets where a - [CHANGES TO PROCEDURES FOR HMRC FIELD OFFICER VISITS IN DEBT MANAGEMENT](https://www.robinsonslondon.com/2013/07/01/2013-07-s07-tax-2/) - News: July 2013 CHANGES TO PROCEDURES FOR HMRC FIELD OFFICER VISITS IN DEBT MANAGEMENT The controversial issue of HMRC's debt management processes is set to undergo some welcome changes. You may know from bitter experience that HMRC are only too keen to press for payment of tax debts without drawing breath and reflecting the particular - [GIFT AID IN CHARITY SHOPS](https://www.robinsonslondon.com/2013/07/01/2013-07-s08-tax-2/) - News: July 2013 GIFT AID IN CHARITY SHOPS HMRC have highlighted the contents of their guidance on claiming Gift Aid on donations of goods to charity which are then sold by the charity, which perhaps suggests that the correct procedures have not always been followed. You must get the procedures correct, and as an example - [THE BENEFITS OF EMPLOYEE SURVEYS](https://www.robinsonslondon.com/2013/06/01/2013-06-s01-2/) - News: June 2013 THE BENEFITS OF EMPLOYEE SURVEYS It is expensive and time consuming to hire new employees. As such, businesses need to focus on keeping their staff satisfied in the workplace. Surveys provide vital feedback to management on matters such as: Compensation In general, management should have an idea if employees are satisfied with - [TAX ON PAYMENTS OF TRAIL COMMISSION](https://www.robinsonslondon.com/2013/06/01/2013-06-s01-tax-2/) - News: June 2013 TAX ON PAYMENTS OF TRAIL COMMISSION We are referring here to commission which may be passed on to investors in Collective Investment Schemes and other associated investment products including life insurance policies. This normally happens where an investor picks funds (known as platforms) via a website which rebates some or all of - [GENERATING PR FOR YOUR BUSIINESS](https://www.robinsonslondon.com/2013/06/01/2013-06-s02-2/) - News: June 2013 GENERATING PR FOR YOUR BUSIINESS Generating PR for your firm is all about telling a story, raising awareness and ensuring that when a potential customer needs your product or service, your brand is the name that springs to mind first: If you really want to raise the profile of your business, you - [EMPLOYEE SHAREHOLDER SHARES](https://www.robinsonslondon.com/2013/06/01/2013-06-s02-tax-2/) - News: June 2013 EMPLOYEE SHAREHOLDER SHARES This controversial initiative is to apply to shares received through the adoption of this new status of employee shareholder – probably from 1 September 2013 but there is always the chance of a delay due to criticisms from the House of Lords and the unions. Employees will exchange some - [ACQUIRING NEW CLIENTS](https://www.robinsonslondon.com/2013/06/01/2013-06-s03-2/) - News: June 2013 ACQUIRING NEW CLIENTS Growing your business in the current economic climate is challenging to say the least. As such, businesses need to think of new, often more radical ways of growing their revenue. Cost cutting is a quick and easy fix − less cost in a more efficient business generates a greater - [HMRC ENFORCEMENT DRIVE, SEARCHING FOR OVERSEAS TRUST ASSETS](https://www.robinsonslondon.com/2013/06/01/2013-06-s03-tax-2/) - News: June 2013 HMRC ENFORCEMENT DRIVE, SEARCHING FOR OVERSEAS TRUST ASSETS HMRC is launching a special enforcement drive to detect the use of undeclared overseas trusts to conceal assets and income. The campaign is part of the 'closing in on evasion' strategy announced by HMRC last December. It sets out a month-by-month schedule of the - [MANAGEMENT COMMUNICATION](https://www.robinsonslondon.com/2013/06/01/2013-06-s04-2/) - News: June 2013 MANAGEMENT COMMUNICATION Communication is as much about non-verbal communication and listening as it is about speaking. Here are some crucial concepts that executives often forget: Listen with intent Most of us believe we have great listening skills. The fact is, most of us don't listen well at all. Effective managers purposefully listen. - [NEW AGENT AUTHORISATION FORM](https://www.robinsonslondon.com/2013/06/01/2013-06-s04-tax-2/) - News: June 2013 NEW AGENT AUTHORISATION FORM Where we act for you as your tax agent and you pay the new High Income Child Benefit Charge, we will need to know whether a partner or other relevant person received child benefit in the tax year. That benefit is often received by someone who is not - [TAX DIARY OF MAIN EVENTS FOR JUNE/JULY 2013](https://www.robinsonslondon.com/2013/06/01/2013-06-s05-tax-2/) - News: June 2013 TAX DIARY OF MAIN EVENTS FOR JUNE/JULY 2013 Date Whats Due 1 June Corporation tax for year to 31/8/12 19 June PAYE & NIC deductions, and CIS return and tax, for month to 5/6/13 (due 22 June if you pay electronically) 1 July Corporation tax for year to 30/9/12 6 July Forms - [TAX CHARGE ON TAKING A LOAN FROM A CLOSE COMPANY](https://www.robinsonslondon.com/2013/06/01/2013-06-s06-tax-2/) - News: June 2013 TAX CHARGE ON TAKING A LOAN FROM A CLOSE COMPANY If you have an overdrawn loan account with your company, there is a tax charge on the company unless the loan is cleared within 9 months of the end of the period to which accounts are prepared. Nasty anti-avoidance measures have been - [FORMS P11D DUE BY 6 JULY](https://www.robinsonslondon.com/2013/06/01/2013-06-s07-tax-2/) - News: June 2013 FORMS P11D DUE BY 6 JULY As mentioned in the tax diary, the deadline for filing the 2012/13 returns of benefits and expenses paid to employees is not far away. Great care is needed in completing these forms which look somewhat innocuous but in reality have to be completed with great care - [DEALING WITH ABSENTEEISM](https://www.robinsonslondon.com/2013/05/01/2013-05-s01-2/) - News: May 2013 DEALING WITH ABSENTEEISM No matter how big or small your organisation, absenteeism can be an issue. It is impossible to eliminate staff absences entirely but every business needs sufficient controls in place in order to minimise disruption and loss of productivity. As an employer or business manager, the best place to start - [HMRC RELAXES RTI REPORTING ARRANGEMENTS FOR SMALLER BUSINESSES](https://www.robinsonslondon.com/2013/05/01/2013-05-s01-tax-2/) - News: May 2013 HMRC RELAXES RTI REPORTING ARRANGEMENTS FOR SMALLER BUSINESSES Businesses with fewer than 50 employees can benefit from a temporary relaxation of the Real Time Information (RTI) reporting arrangements. Until 5 October 2013, employers with fewer than 50 employees who pay their staff weekly or more regularly and find it difficult to report - [ENSURING YOUR STRATEGY WORKS AT ALL LEVELS IN YOUR FIRM](https://www.robinsonslondon.com/2013/05/01/2013-05-s02-2/) - News: May 2013 ENSURING YOUR STRATEGY WORKS AT ALL LEVELS IN YOUR FIRM High-level strategy gives direction to the management team of a business. However, such high level plans can often prove to be of little use to other workers within the organisation. Aspects of the strategy must be distilled down to actions and plans - [DISCLOSURE AGREEMENTS WITH ISLE OF MAN, JERSEY AND GUERNSEY](https://www.robinsonslondon.com/2013/05/01/2013-05-s02-tax-2/) - News: May 2013 DISCLOSURE AGREEMENTS WITH ISLE OF MAN, JERSEY AND GUERNSEY These new agreements involve a planned automatic exchange of information from 2015 on all accounts held in these offshore areas. They include a disclosure facility to allow UK resident investors with accounts to come forward and settle their past UK tax affairs before - [TIPS FOR IMPROVING CLIENT RELATIONSHIPS](https://www.robinsonslondon.com/2013/05/01/2013-05-s03-2/) - News: May 2013 TIPS FOR IMPROVING CLIENT RELATIONSHIPS One of the most important parts of any business is maintaining and enhancing relationships with clients. This makes the time spent on a project more enjoyable, satisfying and effective. Improved relationships also improve the chance that the firm will get referrals and future business. Be clear and - [SCOTTISH INCOME TAX IS ON ITS WAY](https://www.robinsonslondon.com/2013/05/01/2013-05-s03-tax-2/) - News: May 2013 SCOTTISH INCOME TAX IS ON ITS WAY If you are resident in Scotland we will be ready to advise on this potential new burden. The Scottish rate of income tax will apply probably from April 2016. It will be administered by HMRC as part of the UK-wide tax system, but it will - [WORD OF MOUTH MARKETING](https://www.robinsonslondon.com/2013/05/01/2013-05-s04-2/) - News: May 2013 WORD OF MOUTH MARKETING 'Word of Mouth' is still one of the most effective marketing techniques, online or offline. In today's tough market, businesses are fighting for their share of sales. If you can create a reputation and get people talking, you can win new business for your firm. The best thing - [IHT EXEMPTION WHERE RECIPIENT SPOUSE / CIVIL PARTNER IS NON-DOMICILED](https://www.robinsonslondon.com/2013/05/01/2013-05-s04-tax-2/) - News: May 2013 IHT EXEMPTION WHERE RECIPIENT SPOUSE / CIVIL PARTNER IS NON-DOMICILED If you or your spouse/civil painter are in this position you will probably know that the normal inheritance tax (IHT) exemption of an unlimited amount for transfers between you (lifetime gifts and on death) is restricted to only £55,000. That in fact - [TAX DIARY OF MAIN EVENTS FOR MAY/JUNE 2013](https://www.robinsonslondon.com/2013/05/01/2013-05-s05-tax-2/) - News: May 2013 TAX DIARY OF MAIN EVENTS FOR MAY/JUNE 2013 Date Whats Due 1 May Corporation tax for year to 31/7/12 19 May PAYE & NIC deductions, and CIS return and tax, for month to 5/5/13 (due 22 May if you pay electronically); filing of 2012/13 end of year forms P35 and P14 1 - [CGT REINVESTMENT RELIEF](https://www.robinsonslondon.com/2013/05/01/2013-05-s06-tax-2/) - News: May 2013 CGT REINVESTMENT RELIEF In the last tax year 2012/13 it was possible to eliminate CGT on a gain if you reinvested at least the amount of the gain into a risk investment under the Seed Enterprise Investment Scheme (SEIS). This valuable CGT relief has been continued into the current tax year, but - [SLEEPING OR INACTIVE LIMITED PARTNER?](https://www.robinsonslondon.com/2013/05/01/2013-05-s07-tax-2/) - News: May 2013 SLEEPING OR INACTIVE LIMITED PARTNER? HMRC have suddenly announced that they now consider that Sleeping and Inactive Limited Partners are liable to pay Class 2 NICs as self-employed earners and Class 4 NICs in respect of their taxable profits. Sleeping or Inactive Limited Partners who have not paid Class 2 or Class - [Tips for motivating your team](https://www.robinsonslondon.com/2013/04/01/2013-04-s01-2/) - News: April 2013 Tips for motivating your team Learning how to manage a team effectively is one of the most difficult skills any manager has to develop. Keeping your team motivated, enthused and focused on the firm's goals is critical to the success of your business, but how do you do that exactly? Here are - [New HMRC taskforces](https://www.robinsonslondon.com/2013/04/01/2013-04-s01-tax-2/) - News: April 2013 New HMRC taskforces The inexorable growth in the task forces now sees the following being targeted: fast food outlets in East Anglia jewellery trade in Midlands businesses in Northern Ireland fraudulent refund claims in London and South East If you know anyone within these categories who has tax issues please ask them - [Beginning the marketing journey](https://www.robinsonslondon.com/2013/04/01/2013-04-s02-2/) - News: April 2013 Beginning the marketing journey Marketing plays a key part in business development. So, what do you and how do you do it? First of all, remember the golden rule – "If nobody knows who you are, what you do and the how they could benefit from your product or service, the phone - [Personal allowance and tax bands](https://www.robinsonslondon.com/2013/04/01/2013-04-s02-tax-2/) - News: April 2013 Personal allowance and tax bands Personal Allowance This is fixed for 2013/14 as £9,440 if you were born after 5 April 1948 and for 2014/15 it is the long-planned £10,000. After that it will just go up by reference to the CPI. Tax bands The basic rate limit is £32,010 for 2013/14 - [Wi-fi network security](https://www.robinsonslondon.com/2013/04/01/2013-04-s03-2/) - News: April 2013 Wi-fi network security It is almost expected that businesses offer Wi-Fi as a facility to their customers these days. However, having a guest Wi-Fi network adds a security risk to your business. Using appropriate security software, firewalls, etc. can help mitigate against such risks. Securing your wireless access points will help you - [Changes for cars](https://www.robinsonslondon.com/2013/04/01/2013-04-s03-tax-2/) - News: April 2013 Changes for cars Tax write-off on low emission cars The 100% write-off where the CO2 emissions do not exceed 110 g/km reduced to 95 g/km from 1 April 2013, and it was planned to end completely on 31 March 2015. However, under a change in policy the 100% write-off will continue to - [Pitch perfect](https://www.robinsonslondon.com/2013/04/01/2013-04-s04-2/) - News: April 2013 Pitch perfect Our "elevator pitch" is the short, concise answer to "What do you do" that you can give in the time it takes you to move up a couple of floors in an elevator with someone. So, if you were to write your elevator pitch today how would you do it? - [CGT & IHT](https://www.robinsonslondon.com/2013/04/01/2013-04-s04-tax-2/) - News: April 2013 CGT & IHT Annual CGT exemption Modest increase over the next few years mean the value of using the exemption is about £3,000 each year, if you would otherwise pay CGT at the 28% rate. Well worth looking to pick-up such a tax saving and we can advise how to do so - [Business tax reductions](https://www.robinsonslondon.com/2013/04/01/2013-04-s05-tax-2/) - News: April 2013 Business tax reductions Big news here, with a flat corporation tax rate announced of 20% from April 2015 whatever your level of profits. The employer national insurance contributions of 13.8% will enjoy an exemption of £2,000 per annum from the 1st April 2014 whatever the size of business. This is clearly aimed - [Beneficial loans from employer](https://www.robinsonslondon.com/2013/04/01/2013-04-s06-tax-2/) - News: April 2013 Beneficial loans from employer The income tax exempt threshold is to double to £10,000 from 2014/15. This can result in a useful loan to any employee or director with no tax charge on the interest saved, whatever use is made of the loan. As such it forms an attractive part of a - [Child care, charity and property updates](https://www.robinsonslondon.com/2013/04/01/2013-04-s07-tax-2/) - News: April 2013 Child care, charity and property updates Tax-free childcare scheme This new idea will eventually be worth up to £1,200 per child, and so will save a typical working family with two children under 12 up to £2,400 a year. It will not be phased in until Autumn 2015 and will ultimately be - [Tips for effective meetings](https://www.robinsonslondon.com/2013/03/01/2013-03-s01-2/) - News: March 2013 Tips for effective meetings Meetings are a fact of life in business. Some people love them, others think they take up too much time. The key is to ensure that meetings are effective and time efficient. Here are a few tips to help you get the most out of meetings. Start on - [Budget 2013: Employers](https://www.robinsonslondon.com/2013/03/01/2013-03-s01-budget-2/) - News: March 2013 Budget 2013: Employers Employment Allowance The big news for employers is a new Employment Allowance of £2,000 per year for all businesses and charities to offset against the cost of employer's class 1 NI contributions. This should provide a real reduction in the cost of employing workers by all types of businesses - [Travel costs for medics may not stand up to examination](https://www.robinsonslondon.com/2013/03/01/2013-03-s01-tax-2/) - News: March 2013 Travel costs for medics may not stand up to examination We always try to be positive in telling you about tax developments in this newsletter but of course we also need to include tax "nasties" as well. This edition seems to have a few of those, starting with medical professionals who travel - [Considerations for building a pricing strategy](https://www.robinsonslondon.com/2013/03/01/2013-03-s02-2/) - News: March 2013 Considerations for building a pricing strategy A good pricing strategy can make or break a business. If you are perceived as being too expensive and offering bad value for money, your sales will suffer. Equally, if you are perceived as being too cheap, you may lose out in revenue terms compared to - [Budget 2013: Cars, Vans & Fuel](https://www.robinsonslondon.com/2013/03/01/2013-03-s02-budget-2/) - News: March 2013 Budget 2013: Cars, Vans & Fuel Company Car Benefit The taxable benefit of having the private use of a company car is based on a percentage of the original list price for the vehicle. For 2013/14 the percentage varies from 5% for vehicles with CO2 emissions up to 75g/km, 10% from 75 - [New residence rules](https://www.robinsonslondon.com/2013/03/01/2013-03-s02-tax-2/) - News: March 2013 New residence rules If you plan to leave the UK (permanently or for a limited period), or indeed you are coming to live in the UK, your exposure to UK tax is very much based on your tax status as being either resident or not resident. At last from 6 April 2013 - [Responsive website design](https://www.robinsonslondon.com/2013/03/01/2013-03-s03-2/) - News: March 2013 Responsive website design More and more people are embracing the mobile internet. People are visiting websites on everything from smartphones to tablets, ultra small laptops / netbooks to desktops with massive screens. As such, website design has had to adapt in order to ensure that the web content displays properly on everything - [Budget 2013: Business Taxes](https://www.robinsonslondon.com/2013/03/01/2013-03-s03-budget-2/) - News: March 2013 Budget 2013: Business Taxes Cash Basis Unincorporated businesses will be permitted to calculated profits and losses for tax purposes using the cash accounting basis, rather than the standard accruals accounting basis. The cash basis ignores all creditors, debtors, prepayments and accruals, and includes flat rate amounts for certain expenses such as a - [High value UK residential property](https://www.robinsonslondon.com/2013/03/01/2013-03-s03-tax-2/) - News: March 2013 High value UK residential property If a UK residential property worth over £2 million is owned by a limited company or certain other "non-natural persons", there is the likelihood of suffering an annual stamp duty land tax charge (the amount varies depending on the property value but starts at £15,000). PLUS paying - [Internal referrals](https://www.robinsonslondon.com/2013/03/01/2013-03-s04-2/) - News: March 2013 Internal referrals In today's tough job market, the saying "it's not what you know, it's who you know," has never been more true. Many businesses offer rewards and incentives to staff who assist with hiring new candidates. With so many variables involved, external applications, agency candidates, social networks, and referrals, having an - [Budget 2013: Individuals](https://www.robinsonslondon.com/2013/03/01/2013-03-s04-budget-2/) - News: March 2013 Budget 2013: Individuals Personal Allowances The standard personal allowance will rise to £10,000 from 6 April 2014, a year earlier than expected. The age related allowances are frozen until 2015. The allowances as they have been announced for 2013/14 are: Personal allowance (born after 5 April 1948): £9,440 Personal allowance (born between - [Alternative dispute resolution (ADR)](https://www.robinsonslondon.com/2013/03/01/2013-03-s04-tax-2/) - News: March 2013 Alternative dispute resolution (ADR) This has been piloted by HMRC for 2 years now, and it has been announced that from the tax year 2013/14 it will become a permanent feature of tax administration for SMEs and individuals. This should be welcomed as ADR does potentially provide a cost-effective way of getting - [Budget 2013: Capital Taxes](https://www.robinsonslondon.com/2013/03/01/2013-03-s05-budget-2/) - News: March 2013 Budget 2013: Capital Taxes Capital Gains Tax The thresholds for capital gains tax (CGT) have increased slightly for 2013/14: Annual exemption: £10,900 (2012/13: £10,600) Annual exemption for most trustees and personal representatives: £5,450 (2012/13: £5,300) Rate for gains within the basic rate band: 18% (no change) Rate for gains above the basic - [Furnished holiday lets](https://www.robinsonslondon.com/2013/03/01/2013-03-s05-tax-2/) - News: March 2013 Furnished holiday lets A property within this special regime enjoys capital gains tax (CGT) and income tax advantages that normally are unavailable when you let a property. It has always been frustrating that the valuable business property relief (BPR) for inheritance tax purposes does not automatically apply to furnished holiday lets, even - [Budget 2013: VAT](https://www.robinsonslondon.com/2013/03/01/2013-03-s06-budget-2/) - News: March 2013 Budget 2013: VAT Rates The VAT rates remain unchanged at... Lower rate: 0% Reduced rate: 5% Standard rate: 20% The registration and deregistration limits from 1 April 2013 are... Registration turnover: £79,000 (1 April 2012 - £77,000) Deregistration turnover: £77,000 (1 April 2012 - £75,000) - [Research & development tax relief](https://www.robinsonslondon.com/2013/03/01/2013-03-s06-tax-2/) - News: March 2013 Research & development tax relief This has been around for several years, but never has the scope been greater for getting enhanced tax relief where a limited company incurs expenditure which qualifies for R & D relief. For every £1,000 spent you get corporation tax relief as if you had spent £2,250. - [Tax diary main events for March/April 2013](https://www.robinsonslondon.com/2013/03/01/2013-03-s07-tax-2/) - News: March 2013 Tax diary main events for March/April 2013 Date What's due 1 March Corporation tax for year to 31/5/12 19 March PAYE & NIC deductions, and CIS return and tax, for month to 5/3/13 (due 22 March if you pay electronically) 1 April Corporation tax for year to 30/6/12 5 April End of - [Ultrabooks](https://www.robinsonslondon.com/2013/02/01/2013-02-s01-2/) - News: February 2013 Ultrabooks As workers become increasingly mobile, demand for thin, light laptops has increased dramatically. Technology has improved in the last few years which allow manufacturers to create thinner laptops with batteries that last for 5 or sometimes 10 hours. PC users looked on in envy at Apple Macbook Air owners but since - [100% tax write-off on machinery, furniture and equipment purchases](https://www.robinsonslondon.com/2013/02/01/2013-02-s01-tax-2/) - News: February 2013 100% tax write-off on machinery, furniture and equipment purchases We mentioned last time the massive leap to £250,000 as the new and temporary annual amount you can spend in your business on machinery, furniture and the like, and get full tax write-off in the year. Most businesses do not spend anything like - [Meeting the expectations of today's workforce](https://www.robinsonslondon.com/2013/02/01/2013-02-s02-2/) - News: February 2013 Meeting the expectations of today's workforce The current economic environment continues to challenge businesses. As such, having the right team in place is key to the success of any business. As firms focus on recruiting the best talent they are no longer seeking employees that can merely get a job done. While - [Option for small business to be taxed on cash received less cash spent](https://www.robinsonslondon.com/2013/02/01/2013-02-s02-tax-2/) - News: February 2013 Option for small business to be taxed on cash received less cash spent This novel idea is going ahead from April 2013, and is available to sole traders and general partnerships with annual turnover less than £77,000. It may sound an attractive option but there are plenty of issues to consider before - [Harness the power of LinkedIn](https://www.robinsonslondon.com/2013/02/01/2013-02-s03-2/) - News: February 2013 Harness the power of LinkedIn More and more business people are using LinkedIn as part of their networking strategy. Whether it’s to keep contacts up to date, meet potential new clients or get up to date information from industry groups, LinkedIn is a powerful business tool. Here are some tips to help - [Using your home for business?](https://www.robinsonslondon.com/2013/02/01/2013-02-s03-tax-2/) - News: February 2013 Using your home for business? We always try to get you the best deal on this, by claiming the maximum possible for the extra costs of using your home as the base of your business but at the same time ensuring no adverse effect on the immensely valuable capital gains tax exemption - [New year, new PR strategy](https://www.robinsonslondon.com/2013/02/01/2013-02-s04-2/) - News: February 2013 New year, new PR strategy No matter how big or small your business you need a PR strategy. Even the smallest start up business can have a simple PR strategy which uses local press, social networking and email marketing to raise the profile of the firm with very little financial cost. Identify - [Operating as a limited company but wished you didn't?](https://www.robinsonslondon.com/2013/02/01/2013-02-s04-tax-2/) - News: February 2013 Operating as a limited company but wished you didn't? If you recognise this as an issue, there may be help ahead. Normally if you want to go back to being a sole trader, probably on the grounds of convenience and costs, the fear has always been that a nasty tax charge could - [Car leasing](https://www.robinsonslondon.com/2013/02/01/2013-02-s05-tax-2/) - News: February 2013 Car leasing Leasing a business car rather than purchasing what is inevitably a fast-depreciating asset in today’s world, has its attractions. One of these is that if the CO2 emissions of the car do not exceed 160 g/km the whole of the leasing payments are tax deductible (less of course any private - [Low emission cars](https://www.robinsonslondon.com/2013/02/01/2013-02-s06-tax-2/) - News: February 2013 Low emission cars Still on the subject of cars used for business, but this time where you buy for cash or via a loan or HP agreement, rather than lease, there are new timing issues to watch out for. These affect the availability of the 100% tax write-off which is claimable currently - [Tax diary of main events for February / March 2013](https://www.robinsonslondon.com/2013/02/01/2013-02-s07-tax-2/) - News: February 2013 Tax diary of main events for February / March 2013 Date What's due 1 February Corporation tax for year to 30/4/12 19 February PAYE & NIC deductions, and CIS return and tax, for month to 5/2/13 (due 22 February if you pay electronically) 28 February Surcharge of 5% if 2011/12 self assessment - [Becoming a more customer centric business](https://www.robinsonslondon.com/2013/01/01/2013-01-s01-2/) - News: January 2013 Becoming a more customer centric business Knowing that your business needs to be customer centric (focusing on customer's needs and wants) is one thing. Knowing how to go about introducing this customer-focused culture is something else entirely! Here are some tips to help you implement the changes necessary to become a more - [Odd happenings with the personal allowance](https://www.robinsonslondon.com/2013/01/01/2013-01-s01-tax-2/) - News: January 2013 Odd happenings with the personal allowance 2012/13 - £8,105 2013/14 - £9,440 (not £9,205 as originally planned) To make sure that 40% taxpayers do not fully benefit from the charge to the Promised Land of a £10,000 personal allowance, the level of taxable income at which that rate starts is being restricted - [Invest in training for your team](https://www.robinsonslondon.com/2013/01/01/2013-01-s02-2/) - News: January 2013 Invest in training for your team In the current trading environment, budgets remain quite tight. Businesses are focused on return on investment (ROI). Therefore employee training needs to focus on providing individuals with opportunities to achieve their goals within the business. Without this type of training, your employees may be unable to - [Annual CGT exemption](https://www.robinsonslondon.com/2013/01/01/2013-01-s02-tax-2/) - News: January 2013 Annual CGT exemption This is currently £10,600 and we are told it will increase to the following: £11,000 in 2014/15, worth £3,080 at the normal 28% rate of CGT £11,100 in 2015/16, worth £3,108 at the normal 28% rate of CGT It is unclear what the exemption will be for 2013/14, but - [Video marketing](https://www.robinsonslondon.com/2013/01/01/2013-01-s03-2/) - News: January 2013 Video marketing Video marketing has really come to the fore this year. Most people might not have the time to read business blogs or articles, due to the demands of their job; but they can watch videos on tablets and smartphones while on the bus or train to work. Here are a - [IHT nil-rate band](https://www.robinsonslondon.com/2013/01/01/2013-01-s03-tax-2/) - News: January 2013 IHT nil-rate band When the Conservatives were in opposition, they talked about a nil-rate band of £1 million. That seems to have fallen by the wayside, due to the tax which would be lost. This is all you can expect to have exempt from inheritance tax on your death before the flat - [Winning referrals](https://www.robinsonslondon.com/2013/01/01/2013-01-s04-2/) - News: January 2013 Winning referrals As the marketplace has expanded, business techniques have evolved to include dynamic media like the internet. However, referral marketing remains a basic yet powerful strategy. Though all companies and entrepreneurs understand the importance of this technique, many are unsure about how to maximise the potential of market referrals. Here are - [Corporate tax rates](https://www.robinsonslondon.com/2013/01/01/2013-01-s04-tax-2/) - News: January 2013 Corporate tax rates The rate of corporation tax for a small company with profits up to £300,000 remains at 20%. Other companies pay corporation tax at a rate of 24%, reducing to 23% in the year to 31 March 2014. We are now told the rate reduces further to 21% for the - [Annual investment allowance of 100% on plant & machinery](https://www.robinsonslondon.com/2013/01/01/2013-01-s05-tax-2/) - News: January 2013 Annual investment allowance of 100% on plant & machinery This is a major development for all businesses, who will be able to claim 100% tax relief on expenditure of up to £250,000 in each of 2013 and 2014. That is instead of the current level of £25,000 – an increase of 10 - [Corporate tax relief for the creative sector](https://www.robinsonslondon.com/2013/01/01/2013-01-s06-tax-2/) - News: January 2013 Corporate tax relief for the creative sector Enhanced corporation tax reliefs from 1 April 2013 have been confirmed, with the effective rate of relief being more generous than first thought. Targeted at animation, high-end TV and video game manufacturers, the aim is to make the UK the leading technology centre for Europe. - [New employee share ownership scheme](https://www.robinsonslondon.com/2013/01/01/2013-01-s07-tax-2/) - News: January 2013 New employee share ownership scheme This is likely to be introduced from 1 April 2013 and is aimed at SMEs. The scheme plans to offer employees between £2,000 and £50,000 of shares, with any gains being exempt from CGT. However, employees must give up some of their UK employment rights in return. - [Pensions tax relief](https://www.robinsonslondon.com/2013/01/01/2013-01-s08-tax-2/) - News: January 2013 Pensions tax relief The attractions of pension scheme enhancement are clear, especially if the employer meets some or even all of the contributions, but there are issues as follows: Little chance of a final salary scheme being available Poor investment performance High charges reducing the fund value over a number of years - [Drawdown pension](https://www.robinsonslondon.com/2013/01/01/2013-01-s09-tax-2/) - News: January 2013 Drawdown pension Where the purchase of an annuity is not attractive, given the rate applying at the particular age, the option is to take a drawdown until you are of an age when the annuity rate is more palatable. The maximum income that you can withdraw from a drawdown pension fund was - [Marketing automation software](https://www.robinsonslondon.com/2012/12/01/2012-12-s01-2/) - News: December 2012 Marketing automation software In today's ultra-competitive business environment, marketing is arguably more important than ever. However, executing marketing campaigns can be an intensive process, making them a challenge for smaller businesses. Automating parts of the marketing process can assist such businesses in getting the job done. Marketing automation software is designed for - [Seed enterprise investment scheme - more developments](https://www.robinsonslondon.com/2012/12/01/2012-12-s01-tax-2/) - News: December 2012 Seed enterprise investment scheme - more developments As we become accustomed to the staggering tax breaks available under SEIS, we learn how and when to use the scheme, either as an investor or as a new business seeking to raise funds. Ideally, to ensure that the investment is not entirely driven by - [Tips for running a family business](https://www.robinsonslondon.com/2012/12/01/2012-12-s02-2/) - News: December 2012 Tips for running a family business Family businesses can be a fantastic work environment if they are run properly. However, a poorly run family business can tear a family apart. The root of a well-run family business is grounded in treating it like a business, not as an extension of the family. - [Business records checks relaunch](https://www.robinsonslondon.com/2012/12/01/2012-12-s02-tax-2/) - News: December 2012 Business records checks relaunch Following on from last month's Tax E-News, if you thought the risk of HMRC coming along to review your business records had gone away, there is bad news; the Business Records Checks (BRC) programme is being relaunched across the UK, although some regions will not be targeted until - [Impress with your next pitch presentation](https://www.robinsonslondon.com/2012/12/01/2012-12-s03-2/) - News: December 2012 Impress with your next pitch presentation Presentations are a part of business life. We've all been subjected to "death by PowerPoint" at some point. So when you have to give your next pitch presentation (perhaps as part of a tender process) aim to connect with your audience. Your pitch presentation should focus - [Child benefit charge letters](https://www.robinsonslondon.com/2012/12/01/2012-12-s03-tax-2/) - News: December 2012 Child benefit charge letters Child Benefit is to be withdrawn gradually in situations where one parent or partner earns more than £50,000 a year, and withdrawn entirely in cases where this figure is more than £60,000. You should note that the draft legislation has been amended, providing a safety net for households - [Generate sign-ups to email marketing](https://www.robinsonslondon.com/2012/12/01/2012-12-s04-2/) - News: December 2012 Generate sign-ups to email marketing You spend hours each month writing and editing content for your e-newsletter, before sending it out to your list of 50 contacts. Although your e-newsletter may be of a high quality, sending it to 50 contacts is almost pointless as the audience is so small. So, how - [Another whistle blower helps HMRC](https://www.robinsonslondon.com/2012/12/01/2012-12-s04-tax-2/) - News: December 2012 Another whistle blower helps HMRC Reports, subsequently confirmed by HMRC, say that they have received a list of the names, addresses and account balances of every British client with an account with HSBC in Jersey – 4,388 people holding £699 million with an average account balance of £337,000. If you know anyone - [Main tax events for Dec 2012 – Jan 2013](https://www.robinsonslondon.com/2012/12/01/2012-12-s05-tax-2/) - News: December 2012 Main tax events for Dec 2012 – Jan 2013 Date What's due 1 December Corporation tax for year to 29/2/12 19 December PAYE & NIC deductions, and CIS return and tax, for month to 5/12/12 (due 22 December if you pay electronically) 1 January Corporation for year to 31/3/12 19 January PAYE - [Planning a team building event](https://www.robinsonslondon.com/2012/11/01/2012-11-s01-2/) - News: November 2012 Planning a team building event Given the economic challenges currently faced by businesses, many firms have to deliver the same amount of work (or in some cases, more work) with fewer people. As such, you need your team to work well together. Running a team building event can help to cement the - [Yet more taskforces launched](https://www.robinsonslondon.com/2012/11/01/2012-11-s01-tax-2/) - News: November 2012 Yet more taskforces launched HMRC's success in obtaining tax arrears from a wide range of business sectors within selected geographical areas has encouraged them to announce another 5 taskforces for "intensive bursts of targeted activity". They expect to recover more than £19.5 million from the following areas: The legal profession in London - [Maintaining positive cash flow in your firm](https://www.robinsonslondon.com/2012/11/01/2012-11-s02-2/) - News: November 2012 Maintaining positive cash flow in your firm In today's economy, difficulties with cash flow are quite frequent as customers take longer to pay their bills and banks tighten credit facilities. As a result, many business owners find themselves in a reactive cycle when it comes to matters of cash flow. Each month, - [PAYE reporting in real time](https://www.robinsonslondon.com/2012/11/01/2012-11-s02-tax-2/) - News: November 2012 PAYE reporting in real time HMRC is introducing a new way of reporting PAYE - called Real Time Information, (or RTI). From April 2013, employers will be legally required to report PAYE in real time. This is a very big change. This will mean information about all PAYE payments needs to be - [Developing KPIs for your business](https://www.robinsonslondon.com/2012/11/01/2012-11-s03-2/) - News: November 2012 Developing KPIs for your business The competitive environment that businesses operate in makes it imperative to have the right systems in place in order to gauge business performance. Reporting of performance against Key Performance Indicators (KPIs) among your team will allow informed decisions to be made. KPI selection and adoption should be - [High net worth unit](https://www.robinsonslondon.com/2012/11/01/2012-11-s03-tax-2/) - News: November 2012 High net worth unit You may be delighted if HMRC use this unit to look after your tax, as it means you have substantial assets. However, according to HMRC it also means that you are more likely to be inclined to seriously consider a variety of ways of reducing your tax bill! - [iPhone 5](https://www.robinsonslondon.com/2012/11/01/2012-11-s04-2/) - News: November 2012 iPhone 5 It seems like only yesterday that the iPhone 4 was launched, amid much fanfare and hype. Today, the design remains sleek and in many ways is still one of the best phones you can buy for business use. Following the recent launch of the iPhone 5, many business users are - [Client contact points for HMRC](https://www.robinsonslondon.com/2012/11/01/2012-11-s04-tax-2/) - News: November 2012 Client contact points for HMRC Increasingly, the forms issued by HMRC seem to ask for more data about you. We may well decide not to divulge your telephone numbers as we want to try and ensure that any queries concerning your tax affairs go directly to us. Now it has been reported - [Tax diary of main events for October / November 2012](https://www.robinsonslondon.com/2012/11/01/2012-11-s05-tax-2/) - News: November 2012 Tax diary of main events for October / November 2012 We hope you will find this new feature useful. Date What's due 19 October PAYE & NIC deductions for month to 5/10/12 (due 22 October if paid electronically) 19 October CIS return for month to 5/10/12 and payment of CIS tax (due - [Kindle Fire HD: Budget alternative to iPad?](https://www.robinsonslondon.com/2012/10/01/2012-10-s01-2/) - News: October 2012 Kindle Fire HD: Budget alternative to iPad? As IT budgets are squeezed, some businesses may begin to look around for alternatives to the iPad for their tablet computing needs. With the launch of Amazon's latest tablet (which is significantly cheaper that the Apple iPad), many people are asking whether the new device - [Guidance from HMRC on the new seed investment scheme (SEIS)](https://www.robinsonslondon.com/2012/10/01/2012-10-s01-tax-2/) - News: October 2012 Guidance from HMRC on the new seed investment scheme (SEIS) This new, heavily tax based investment opportunity is attracting plenty of attention. This is hardly surprising considering that the scheme offers income tax relief at a fixed 50%, plus capital gains tax exemption if you reinvest the amount of the gain into - [Build your firm's profile with PR](https://www.robinsonslondon.com/2012/10/01/2012-10-s02-2/) - News: October 2012 Build your firm's profile with PR PR provides an effective way of engaging with your target audience when announcing a big event (such as an upcoming webinar or speaking engagement), sharing news of a great achievement (such as a business award) or simply informing the market of a new product or service - [The real time information system for PAYE](https://www.robinsonslondon.com/2012/10/01/2012-10-s02-tax-2/) - News: October 2012 The real time information system for PAYE This revolutionary development in the PAYE system will involve many fundamental changes. If you do your own payroll you need to be up to speed with what RTI is all about. For every occasion that an employee is paid, the details must be reported to - ["Generation R" — a new segment to be targeted?](https://www.robinsonslondon.com/2012/10/01/2012-10-s03-2/) - News: October 2012 "Generation R" — a new segment to be targeted? First there was Generation X (born in the 1960s) and Generation Y (born in the 1970s and 1980s); now there is Generation R — a term coined to describe the generation of people born since about 1990. This market segment consists of many - [New HMRC tracker service](https://www.robinsonslondon.com/2012/10/01/2012-10-s03-tax-2/) - News: October 2012 New HMRC tracker service If you are an employee, or you pay tax on a company pension through PAYE, you can use the new HMRC tracker service to check how long it will take HMRC to: pay your income tax refund reply to your general income tax enquiry provide a copy of - [Getting the most out of contractors](https://www.robinsonslondon.com/2012/10/01/2012-10-s04-2/) - News: October 2012 Getting the most out of contractors From time to time your business may require you to hire contractors in order to deliver a project. Outlined below are a few tips to help you achieve maximum value: Determine Needs Your business will engage the services of contractors for a specific purpose. For example, - [Patent box tax reliefs](https://www.robinsonslondon.com/2012/10/01/2012-10-s04-tax-2/) - News: October 2012 Patent box tax reliefs Following the launch of the patent box, HMRC have published a guide advising UK companies about how they can pay less tax on profits generated from their patented inventions. From April 2013, any profits from inventions that are protected by a UK patent will be taxable at a - [Child benefit scares](https://www.robinsonslondon.com/2012/10/01/2012-10-s05-tax-2/) - News: October 2012 Child benefit scares The clawing back of child benefit in situations where one partner has an income of over £50,000 (in the current tax year) starts on 7 January 2013. Until then, there are plenty of scare stories doing the rounds; what is clear is that the system is likely to be - [Windows 8 is coming](https://www.robinsonslondon.com/2012/09/01/2012-09-s01-2/) - News: September 2012 Windows 8 is coming It seems like only yesterday that Microsoft was rolling out Windows 7. However, the software giant is about to launch its new all singing, all dancing replacement: Windows 8. One of the most significant new features is that Windows 8 will allow multi-touch gestures on touch pads. Macs - [More HMRC taskforces](https://www.robinsonslondon.com/2012/09/01/2012-09-s01-tax-2/) - News: September 2012 More HMRC taskforces No sooner had we mentioned in last month's E-News that HMRC have announced a few new taskforces to investigate tax evasion, than they come up with even more! If you operate within any of the categories below, or know someone who does, we can do a check of your - [Managing workplace stress](https://www.robinsonslondon.com/2012/09/01/2012-09-s02-2/) - News: September 2012 Managing workplace stress It has been suggested that 1 in 4 people will experience mental health issues at some point in their life. As such, businesses need to consider how they can assist employees in maintaining their mental health through managing stress in the workplace. Create a healthy workplace Business owners and - [Restrictions on capital allowances on plant or machinery to generate electricity or heat](https://www.robinsonslondon.com/2012/09/01/2012-09-s02-tax-2/) - News: September 2012 Restrictions on capital allowances on plant or machinery to generate electricity or heat If your business invests in plant or machinery to generate electricity or heat (or to produce biogas or biofuel) that attracts a Feed-in Tariff (FiT) or tariffs under the Renewable Heat Incentive (RHI), watch out for new rules: Firstly, - [Micro-markets](https://www.robinsonslondon.com/2012/09/01/2012-09-s03-2/) - News: September 2012 Micro-markets Thanks to the adoption of CRM systems in modern businesses, firms now have the opportunity to manipulate vast databases in order to develop highly targeted campaigns in order to win new sales opportunities. Micro-marketing is all about specific targeting, segmenting target groups into sub-categories and producing unique sales messages for each - [New form P46 (short)](https://www.robinsonslondon.com/2012/09/01/2012-09-s03-tax-2/) - News: September 2012 New form P46 (short) A one page form can now be used to gather information from an employee who does not have a form P45. It removes the need to complete information about you as the employer and instead only requires information on the employee prior to online filing. When real time - [Bucking the trend to win new customers](https://www.robinsonslondon.com/2012/09/01/2012-09-s04-2/) - News: September 2012 Bucking the trend to win new customers Due to numerous factors including the growth in online activity, a tough economy and more savvy consumers, it is becoming more difficult to market to customers. Today's consumer is far pickier, far more suspicious and far more nervous when it comes to parting with their - [Changes to the PAYE system for student employees](https://www.robinsonslondon.com/2012/09/01/2012-09-s04-tax-2/) - News: September 2012 Changes to the PAYE system for student employees If you employ a student at any time other than their normal holiday periods, or if a student works for you both during and outside their holidays, you should operate the normal PAYE procedures used for any other employee. If, however, you employ a - [ESC A19 developments](https://www.robinsonslondon.com/2012/09/01/2012-09-s05-tax-2/) - News: September 2012 ESC A19 developments This is an extra-statutory concession that sets out how HMRC may exercise its discretion not to collect income and capital gains tax which is lawfully payable, due to their delay in acting on relevant information in prescribed circumstances. This includes where we can identify that HMRC did not properly - [Vision statements](https://www.robinsonslondon.com/2012/08/01/2012-08-s01-2/) - News: August 2012 Vision statements Vision, mission statements and strategy are often confused terms in business. In reality all of them are quite different and are complementary to each other. A vision statement is essentially what the leaders of an organisation want the business to become. It is aspirational and typically forward looking – generally - [Auto enrolment](https://www.robinsonslondon.com/2012/08/01/2012-08-s01-tax-2/) - News: August 2012 Auto enrolment From October 2012 the Government are introducing new legislation to get more people saving for their future. This will mean that employers will have to automatically enrol certain employees into a pension scheme and make contributions on their behalf. Automatic enrolment and the employer duties will be a big challenge - [Saving money in your business](https://www.robinsonslondon.com/2012/08/01/2012-08-s02-2/) - News: August 2012 Saving money in your business All businesses are dedicated to saving money wherever possible these days. The economic downturn has brought with it a new focus on cost saving. Here are a few ideas which you can implement in your business in order to save money. Use Less Paper A lot of - [EU gender directive](https://www.robinsonslondon.com/2012/08/01/2012-08-s02-tax-2/) - News: August 2012 EU gender directive From the 21st December 2012, protection (life insurance) providers will no longer be able to take gender into account in the way that premiums are calculated for UK customers. How will it affect cover for women? The costs of life cover and life cover with critical illness cover for - [Tips for delegating from the top](https://www.robinsonslondon.com/2012/08/01/2012-08-s03-2/) - News: August 2012 Tips for delegating from the top We all know that delegation is important in business. However, if and when you find yourself as the Managing Director, CEO or Managing Partner it is important to remember that you can't do it all yourself. Delegation skills are particularly important to the leaders of an - [Extra corporation tax relief for the creative sector](https://www.robinsonslondon.com/2012/08/01/2012-08-s03-tax-2/) - News: August 2012 Extra corporation tax relief for the creative sector There are proposals for enhanced corporation tax reliefs from 1 April 2013 which target businesses in the animation, high-end TV and video games industries. The aim of such reliefs is to make the UK the technology centre for Europe and avoid the risk of - [Corporate wellness](https://www.robinsonslondon.com/2012/08/01/2012-08-s04-2/) - News: August 2012 Corporate wellness As the current economic climate puts staff under increasing levels of stress, businesses have begun to shift their focus to corporate wellness. So, what defines a good corporate wellness programme? A common characteristic of good wellness programmes is that they are customer driven, meaning that they solicit on-going feedback from - [New HMRC campaigns](https://www.robinsonslondon.com/2012/08/01/2012-08-s04-tax-2/) - News: August 2012 New HMRC campaigns As always, these campaigns are aimed at encouraging people to come forward about any previously undeclared income, promising that such action will result in a far lower penalty than if HMRC come knocking on their door. The Tax Return Initiative is aimed at 40% and 50% taxpayers who are - [Capped tax reliefs](https://www.robinsonslondon.com/2012/08/01/2012-08-s05-tax-2/) - News: August 2012 Capped tax reliefs We have mentioned this before, but the impact will fortunately be far less than feared; in particular, charitable donations will be unlimited and you will continue to get tax relief at your top rate on them. This capping of tax reliefs from 6 April 2013 is still something which - [New residence rules](https://www.robinsonslondon.com/2012/08/01/2012-08-s06-tax-2/) - News: August 2012 New residence rules These will come into effect from 6 April 2013. If you are thinking of leaving the UK or coming to live here, now is the time to see exactly what impact the new rules will have. Your tax residence status is fundamental in determining your UK tax exposure and, - [Seed enterprise investment scheme](https://www.robinsonslondon.com/2012/08/01/2012-08-s07-tax-2/) - News: August 2012 Seed enterprise investment scheme If your company is considering raising funds via this new tax-related investment opportunity, a fundamental issues that needs to be addressed is whether the activities of your company makes it a qualifying company for this purpose. This is often (but not always) clear and HMRC will give advance - [More HMRC taskforces](https://www.robinsonslondon.com/2012/08/01/2012-08-s08-tax-2/) - News: August 2012 More HMRC taskforces HMRC has announced several new taskforces to investigate tax evasion in specific commercial and geographical sectors. The taskforces bring together various compliance and enforcement teams for what are delightfully (or frighteningly!) called intensive bursts of targeted activity, typically focusing on 300 of the highest risk cases. The new taskforces - [Speed up your office PCs](https://www.robinsonslondon.com/2012/07/01/2012-07-s01-2/) - News: July 2012 Speed up your office PCs We have all experienced it at some point – an office computer that runs at a frustratingly slow pace, reducing your productivity and stopping you from getting work done. As computers get older they tend to get slower. This problem can be exacerbated by upgrading to newer, - [Form P11D common errors](https://www.robinsonslondon.com/2012/07/01/2012-07-s01-tax-2/) - News: July 2012 Form P11D common errors In many cases we of course fill in the dreaded P11Ds for you, but for those who do it themselves you should take a quick look at what HMRC reckon is a list of common errors which can cause problems. We will be pleased to run through them - [Selecting the right HR software](https://www.robinsonslondon.com/2012/07/01/2012-07-s02-2/) - News: July 2012 Selecting the right HR software HR plays an important part in any business, whether that business is a large corporation with a dedicated HR department or a small owner-managed business where the owner is also in charge of HR. Regardless of the size of the firm, having the right software for human - [Planning for the 45% tax rate](https://www.robinsonslondon.com/2012/07/01/2012-07-s02-tax-2/) - News: July 2012 Planning for the 45% tax rate In the May edition of Tax Tips & News we gave some preliminary ideas for taking advantage of the reduction in the top tax rate from 50% to 45% as from 6 April next year. We will have a look at some other ideas in later - [Successful project management](https://www.robinsonslondon.com/2012/07/01/2012-07-s03-2/) - News: July 2012 Successful project management The criteria for successful projects are simple: do what is asked well, on time and within budget. As simple as it sounds, delivering within those criteria takes more than just crossing your fingers and hoping for the best. These are some of the critical factors for project success in - [Do you have to file a tax return?](https://www.robinsonslondon.com/2012/07/01/2012-07-s03-tax-2/) - News: July 2012 Do you have to file a tax return? Somewhat surprisingly, HMRC are trying to reduce the number of tax returns they get from individuals. In particular they have published their unofficial list of those for whom they will normally ask for a tax return, so that if you are not on that - [Marketing professional services](https://www.robinsonslondon.com/2012/07/01/2012-07-s04-2/) - News: July 2012 Marketing professional services In the past, professional services were usually marketed through a network of personal relationships and word of mouth referrals. They thrived in a friendly world where networks of personal relationships and word-of-mouth brought them enough new clients to grow a profitable business. These techniques still work, but not like - [Are you a customer of HMRC, or a taxpayer?](https://www.robinsonslondon.com/2012/07/01/2012-07-s04-tax-2/) - News: July 2012 Are you a customer of HMRC, or a taxpayer? Are you fed up with HMRC calling you a customer, or don't you really mind what they call you? If you wish you were referred to as a taxpayer and not a customer, you can sign a petition on the government's e-petitions site - [Advisory fuel rates from your employer](https://www.robinsonslondon.com/2012/07/01/2012-07-s05-tax-2/) - News: July 2012 Advisory fuel rates from your employer The quarterly review of rates from 1 June 2012 resulted in a small decrease of some of the rates for diesel, to reflect the slight fall in the price of that fuel, but the employer can if it wishes use the old rates for June and - [Sharing presentations online](https://www.robinsonslondon.com/2012/06/01/2012-06-s01-2/) - News: June 2012 Sharing presentations online Creating and delivering effective presentations to colleagues and clients is hard enough without having to worry about I.T. issues. Thankfully, a growing number of software programmes and online applications allow you to collaborate and share slideshows with ease. The following services not only make file storage and transfer much - [Online auction sites](https://www.robinsonslondon.com/2012/06/01/2012-06-s01-tax-2/) - News: June 2012 Online auction sites If you buy and sell goods online, either as a trade or business, please be aware that HMRC have launched a campaign that aims to tax those within this category if they have not declared this source of income. Naturally, this is not an issue for the odd transaction. - [Work-life balance](https://www.robinsonslondon.com/2012/06/01/2012-06-s02-2/) - News: June 2012 Work-life balance Most business people struggle to get the "work – life balance" correct. Here are a few tips to help you get it right. Delegate Effective delegation is an essential skill that every manager needs in order to succeed. In business, it is tempting to do a lot of things yourself - [Low emission business cars](https://www.robinsonslondon.com/2012/06/01/2012-06-s02-tax-2/) - News: June 2012 Low emission business cars Last month we mentioned that the 100% tax write-off for a low emission car is due to end on 31 March 2015, and that from 1 April next year the level of qualifying CO2 emissions to get the full tax write-off goes down sharply from the current 110 - [Characteristics of extraordinary businesses](https://www.robinsonslondon.com/2012/06/01/2012-06-s03-2/) - News: June 2012 Characteristics of extraordinary businesses Most business people consider the likes of Google, Apple and BMW to be extraordinary businesses. They are renowned for being great places to work and empower their staff to a level which drives innovation and helps bring the business forward. However, you don't have to be a multinational - [Tax in Scotland](https://www.robinsonslondon.com/2012/06/01/2012-06-s03-tax-2/) - News: June 2012 Tax in Scotland If you live in Scotland, you probably know that the Scottish Parliament now has the power to set a Scottish rate of income tax to be administered by HMRC for Scottish taxpayers. It is expected to apply from April 2016, so there is plenty of time to get ready - [Shift your strategy into a higher gear](https://www.robinsonslondon.com/2012/06/01/2012-06-s04-2/) - News: June 2012 Shift your strategy into a higher gear Most businesses develop a strategy at the beginning of the year. As the year progresses they may encounter new challenges as the market in which they operate evolves. Every owner or manager eventually faces that gut-wrenching decision to make a major shift in strategy, to - [Tax relief on gifts to the nation](https://www.robinsonslondon.com/2012/06/01/2012-06-s04-tax-2/) - News: June 2012 Tax relief on gifts to the nation This is a new tax relief (called the Cultural Gifts Scheme) for individuals and limited companies that gift a pre-eminent object to the nation. The tax reductions are certainly attractive: 30% for an individual and 20% for a limited company. Clearly, however, it is not - [IR35 issues?](https://www.robinsonslondon.com/2012/06/01/2012-06-s05-tax-2/) - News: June 2012 IR35 issues? If you provide your business services via your own personal service company, rather than being employed directly by the organisation(s) using your services, you will probably know plenty about the infamous IR35. This is a long-standing way that HMRC often tries to argue that the income of your company should - [Facebook advertising](https://www.robinsonslondon.com/2012/05/01/2012-05-s01-2/) - News: May 2012 Facebook advertising Many of us have a Facebook profile. Most of us are aware that Facebook presents businesses with an opportunity to connect with potential customers. Few of us have worked out how best to utilise Facebook as an effective business development and marketing tool. One way to use social media to - [HMRC help for their customers](https://www.robinsonslondon.com/2012/05/01/2012-05-s01-tax-2/) - News: May 2012 HMRC help for their customers The amount of information supplied nowadays by HMRC for taxpayers (or customers as they like to call us, even though we have no choice but to pay tax and to pay it to a monopoly!) is increasing all the time. You might assume that we take a - [Build your client base through micro-marketing](https://www.robinsonslondon.com/2012/05/01/2012-05-s02-2/) - News: May 2012 Build your client base through micro-marketing Micro-marketing essentially refers to business development through networking. The idea is to identify a target market and then build a list of contacts that you would like to do business with from your chosen market sector. The next task is to develop a "pitch". This pitch - [Company car changes](https://www.robinsonslondon.com/2012/05/01/2012-05-s02-tax-2/) - News: May 2012 Company car changes A number of changes to the income tax charge have been announced, which we touched on in the April Tax E-News. We now have more details and here are a few tasters: Increase in income tax charge of 1% of list price for 2013/14 Another 1% increase for 2014/15 - [Effective communication](https://www.robinsonslondon.com/2012/05/01/2012-05-s03-2/) - News: May 2012 Effective communication New communication technologies such as e-mail, mobile phones and text messages are fantastic and are of real benefit to businesses. However, we now assume that our emails always go through, our documents are always attached and that our texts are always received. This may not be the case. Sometimes business - [Cap on unlimited income tax reliefs due from 6 April 2013](https://www.robinsonslondon.com/2012/05/01/2012-05-s03-tax-2/) - News: May 2012 Cap on unlimited income tax reliefs due from 6 April 2013 We mentioned this last time as well, and again more details of the plans have been made known. Currently you can, in theory, offset your entire income against income tax reliefs, and as a result pay no income tax at all. - [Cloud storage solutions](https://www.robinsonslondon.com/2012/05/01/2012-05-s04-2/) - News: May 2012 Cloud storage solutions According to a leading I.T. consulting firm, the personal cloud will replace the personal computer at the centre of users' digital lives by 2014. So what will the impact be for businesses, and what products and services are likely to be made available in order to service the move - [Planning for the reduction in the top tax rate from 50% to 45%](https://www.robinsonslondon.com/2012/05/01/2012-05-s04-tax-2/) - News: May 2012 Planning for the reduction in the top tax rate from 50% to 45% It may seem early to consider this, in view of the reduction not taking effect until the 2013/14 tax year, but that depends on your circumstances. The scope for deferring income and/or accelerating expenditure can require a long lead-in - [Business turnover below £77,000?](https://www.robinsonslondon.com/2012/05/01/2012-05-s05-tax-2/) - News: May 2012 Business turnover below £77,000? If this is you, there is the likely option for you to declare income and expenditure on the cash basis from April 2013, and at the same time claim some expenses on a flat rate basis (even using estimates for small items). This idea may not necessarily be - [Tax and nannies](https://www.robinsonslondon.com/2012/05/01/2012-05-s06-tax-2/) - News: May 2012 Tax and nannies Families who pay a nanny in cash are to be targeted by HMRC. Under the crackdown, families now need to contact HMRC every time they pay their nanny, instead of just each quarter as previously applied under the simplified PAYE scheme. It is estimated that there are more than - [The new iPad](https://www.robinsonslondon.com/2012/04/01/2012-04-s01-2/) - News: April 2012 The new iPad It seems like only yesterday that Apple launched the all singing, all dancing iPad 2. Business and personal users alike have really taken to the device; indeed, it has helped to define a new sector of the personal computer market. With the new iPad setting the standard in visual - [How the non-taxable child benefit is to turn into taxable income!](https://www.robinsonslondon.com/2012/04/01/2012-04-s01-tax-2/) - News: April 2012 How the non-taxable child benefit is to turn into taxable income! As a complex way of restricting the child benefit to those with income up to £50,000 per year, from 7 January 2013 the benefit will be taxed. And we thought the idea was to simplify the workings of the benefits and - [Looking after your customers](https://www.robinsonslondon.com/2012/04/01/2012-04-s02-2/) - News: April 2012 Looking after your customers Looking after your customers is vital to a successful business. Here are some tips to help you to retain customers and build loyalty: No matter what type of business you are in, chances are good that your customers spend lots of time online. Your website should be attractive - [Company cars](https://www.robinsonslondon.com/2012/04/01/2012-04-s02-tax-2/) - News: April 2012 Company cars Plenty of changes announced here, most of which will not come in for a few years as a company car is not something which can be changed overnight. The time scale means that careful planning can reduce the impact of the changes and we are ready to advise you of - [Awards strategy](https://www.robinsonslondon.com/2012/04/01/2012-04-s03-2/) - News: April 2012 Awards strategy Winning awards can be a fantastic way of generating free PR for your business. Creating an awards strategy involves researching relevant awards and planning which categories to enter your business into throughout the year ahead. An awards strategy can be a big boost in helping businesses to build their brand, - [Real time information (RTI)](https://www.robinsonslondon.com/2012/04/01/2012-04-s03-tax-2/) - News: April 2012 Real time information (RTI) Employers will electronically provide monthly information to HMRC in respect of wages and salaries paid to employees, and in due course will not have to file year end returns such as form P35 and P14. Volunteers will pilot this scheme from 6 April 2012 and the plan is - [Holiday time](https://www.robinsonslondon.com/2012/04/01/2012-04-s04-2/) - News: April 2012 Holiday time Each year, many business owners and managers strive to ensure that their employees use their allocated holiday time. It is commonly the case, however, that these owners and managers fail to use their own holiday allowances. One reason that some owners and managers struggle to take time off is that - [Tax bands](https://www.robinsonslondon.com/2012/04/01/2012-04-s04-tax-2/) - News: April 2012 Tax bands There are traps galore here, too, as the planned increase in the personal allowance to £10,000 in the lifetime of this Parliament is linked to a determination that 40% taxpayers will not gain much of an advantage overall. This is achieved by reducing the income level at which the 40% - [Personal allowance trap](https://www.robinsonslondon.com/2012/04/01/2012-04-s05-tax-2/) - News: April 2012 Personal allowance trap We mentioned this last month but even more people stand to suffer a marginal tax rate of 60% in 2013/14 than ever before. This is because the trap will apply to those with taxable income between £100,000 and an increased amount of £118,410. This is one tax trap it - [Tax reliefs to be capped](https://www.robinsonslondon.com/2012/04/01/2012-04-s06-tax-2/) - News: April 2012 Tax reliefs to be capped If you tend to claim tax reliefs which do not have any specific monetary limit, this is all going to change from 6 April 2013. Specifically there will be a maximum amount on which you can claim tax relief, which will be the greater of 25% of - [Payments by employers towards the incidental costs of homeworking](https://www.robinsonslondon.com/2012/04/01/2012-04-s07-tax-2/) - News: April 2012 Payments by employers towards the incidental costs of homeworking Whether or not an employee is able to substantiate a claim for working from home, the employer can make a tax-free payment to cover reasonable additional household expenses incurred in carrying out duties of the employment under home-working arrangements. There is a modest, - [Business continuity planning](https://www.robinsonslondon.com/2012/03/01/2012-03-s01-2/) - News: March 2012 Business continuity planning Most business owners and managers are generally too concerned with how things are going today to worry about how the business would function in the event of disaster tomorrow. Although the day-to-day operation of the firm is undoubtedly important, businesses must also focus their attention on how to manage - [For individuals](https://www.robinsonslondon.com/2012/03/01/2012-03-s01-budget-2/) - News: March 2012 For individuals Personal Allowances The big news for individuals is that the personal allowance will increase to £9,205 from 6 April 2013, so you have to wait another year for that extra tax-free income. The personal allowance has already been increased by £630 from 6 April 2012 to £8,105, and the other - [Getting around the new restrictions to get 100% tax relief on buying equipment](https://www.robinsonslondon.com/2012/03/01/2012-03-s01-tax-2/) - News: March 2012 Getting around the new restrictions to get 100% tax relief on buying equipment As we mentioned in the February edition of Tax Tips & News, the £100,000 annual investment allowance reduces dramatically to £25,000 from 1 April 2012. If that is a problem, and your company needs to spend, say, £40,000 in - [Developing a promotional strategy](https://www.robinsonslondon.com/2012/03/01/2012-03-s02-2/) - News: March 2012 Developing a promotional strategy Many business owners and managers think about developing promotional strategies for their firm but fail to put those strategies into action. Effective promotional strategies can prove profitable if executed properly; however, it takes a lot of work to get it right. Here are three steps to help you - [Savings and investments](https://www.robinsonslondon.com/2012/03/01/2012-03-s02-budget-2/) - News: March 2012 Savings and investments Enterprise Investment Schemes From 6 April 2012 there are two schemes which you can use to achieve tax relief for investing in small unquoted companies: the seed enterprise investment scheme (SEIS) and the enterprise investment scheme (EIS). The tax relief given under each scheme is shown below for 2012/13: - [Caught by the personal allowance trap?](https://www.robinsonslondon.com/2012/03/01/2012-03-s02-tax-2/) - News: March 2012 Caught by the personal allowance trap? Do you know if you are one of the 700,000+ people paying a marginal income tax rate of 60%? This is an increasingly unfair trap which exists if your income is just over £100,000. That means you are a 40% taxpayer, but some of your income - [HR tips for small business owners](https://www.robinsonslondon.com/2012/03/01/2012-03-s03-2/) - News: March 2012 HR tips for small business owners Unlike large multi-national businesses, small owner-managed firms don't have the resources or need for a full time HR person (or people). However, like larger organisations they are looking to improve their work practices, efficiency, and performance by using best HR practices. Recruiting and retaining great staff - [Capital taxes](https://www.robinsonslondon.com/2012/03/01/2012-03-s03-budget-2/) - News: March 2012 Capital taxes CGT There has been no change in the rates or thresholds for capital gains tax (CGT). The rates for 2012/13 are... Annual exemption - £10,600 Annual exemption for most trustees - £5,300 Rate for gains in basic rate band - 18% Rate for gains above basic rate band - 28% - [Electrians lose their spark](https://www.robinsonslondon.com/2012/03/01/2012-03-s03-tax-2/) - News: March 2012 Electrians lose their spark HMRC have just launched their Electricians' Tax Safe Plan, to encourage electricians to declare any income they have kept quiet about so far. If you know of any electricians in that category, please point them towards us and we will get the best tax deal for them under - [Google+](https://www.robinsonslondon.com/2012/03/01/2012-03-s04-2/) - News: March 2012 Google+ Google+, pronounced "Google Plus", is essentially Google's alternative to the social network "Facebook". Google's new social network is considered to be Facebook's main rival and since its launch in mid-2011 has grown to over 90 million users. So what is Google+ all about and why should businesses consider it as part - [Business tax](https://www.robinsonslondon.com/2012/03/01/2012-03-s04-budget-2/) - News: March 2012 Business tax Simplification The Government wants to simplify the accounts small businesses (partnerships and sole-traders) have to prepare for tax purposes. It is consulting on whether preparing accounts on a cash basis would be easier, and standard allowances could be used for the business use of vehicles and the proprietor's home. Any - [Business record checks – review, suspension and relaunch](https://www.robinsonslondon.com/2012/03/01/2012-03-s04-tax-2/) - News: March 2012 Business record checks – review, suspension and relaunch The pilot programme of BRCs began in April 2011 and involved checks by HMRC on the standard of small and medium-sized enterprises' (SME's) statutory business records. Up to 4 January 2012, 2,437 BRC's had been carried out. These found that 28% of SMEs had - [Employers](https://www.robinsonslondon.com/2012/03/01/2012-03-s05-budget-2/) - News: March 2012 Employers NI For 2012/13 the main rates and thresholds for NI contributions are: Lower Earnings Limit (LEL) for Class 1 NICs - £107/week Employer's class 1 above £144/week not contracted out - 13.8% Employee's class 1 not contracted out from £146 to £817/week - 12% Employee's additional class 1 above £817/week - - [VAT](https://www.robinsonslondon.com/2012/03/01/2012-03-s06-budget-2/) - News: March 2012 VAT The VAT rates remain unchanged at... Lower rate: 0% Reduced rate: 5% Standard rate: 20% The registration and deregistration limits from 1 April 2012 are... Registration turnover: £77,000 (1 April 2011 - £73,000) Deregistration turnover: £75,000 (1 April 2011 - £71,000) Changes from 2013 The following changes to the VAT rules - [Outsourcing in 2012](https://www.robinsonslondon.com/2012/02/01/2012-02-s01-2/) - News: February 2012 Outsourcing in 2012 In today's tough economic times many cash-strapped businesses are seeking new ways to reduce costs. As such, many firms are looking into outsourcing as a means of cutting costs while maintaining business functions necessary for growth (accounting, payroll, I.T. and so forth) without the overheads associated with full time - [The CGT exemption using the new seed enterprise investment scheme (SEIS)](https://www.robinsonslondon.com/2012/02/01/2012-02-s01-tax-2/) - News: February 2012 The CGT exemption using the new seed enterprise investment scheme (SEIS) We have mentioned this new tax-based scheme before, and more details are now emerging before the scheme starts on 6 April 2012. One novel feature is that the capital gains tax (CGT) payable on the disposal of ANY chargeable asset in - [Managed service providers](https://www.robinsonslondon.com/2012/02/01/2012-02-s02-2/) - News: February 2012 Managed service providers Many businesses are starting the New Year with plans to reduce costs and increase efficiency. From an I.T. perspective, firms may consider utilising managed service providers as a more cost efficient alternative to employing in-house I.T. support staff. Managed service providers can service and run everything from networking, hardware, - [Win £100,000 from the taxman!](https://www.robinsonslondon.com/2012/02/01/2012-02-s02-tax-2/) - News: February 2012 Win £100,000 from the taxman! A report has confirmed that HM Revenue & Customs (HMRC) plan to give those paying their tax early the chance to win £100,000. The idea is being introduced as a potential means of easing pressure on HMRC, who are looking to find anything that encourages people to - [Plan for success in 2012](https://www.robinsonslondon.com/2012/02/01/2012-02-s03-2/) - News: February 2012 Plan for success in 2012 Take it offline. We are all aware of the importance of e-commerce, online marketing and the business development possibilities opened up to us via the internet. The online business environment is a powerful tool but it is nothing more than that — a tool. As businesses become - [Faster tax payments](https://www.robinsonslondon.com/2012/02/01/2012-02-s03-tax-2/) - News: February 2012 Faster tax payments HMRC are increasingly keen for everyone to pay their tax electronically. They now offer a faster payment service from their website and this is undoubtedly a useful move. Before using it you should contact your bank or building society to confirm the services available and to check whether they - [Top tips to help your business get “googled”](https://www.robinsonslondon.com/2012/02/01/2012-02-s04-2/) - News: February 2012 Top tips to help your business get “googled” Optimise your "about us" page This is where you'll spend the most time optimising your company's profile. The better your company profile is, the better impression you'll make on both Google and anyone who stumbles across your site. Give Google more information Google is - [Planning moves before the big reduction in capital allowances](https://www.robinsonslondon.com/2012/02/01/2012-02-s04-tax-2/) - News: February 2012 Planning moves before the big reduction in capital allowances From April 2012, your business (whatever its size or area of activity) will only be able to claim 100% tax write-off on capital expenditure on machinery, furniture and other plant if you spend no more than £25,000 in the year. That compares with - [2012/13 PAYE notices of coding](https://www.robinsonslondon.com/2012/02/01/2012-02-s06-tax-2/) - News: February 2012 2012/13 PAYE notices of coding These are now being issued, something that will continue throughout February and March. Previously, we received a copy automatically, but as a cost-cutting exercise this is no longer the case. Regrettably, therefore, you can no longer assume that we know about your 2012/13 Code Number unless you - [The Italian job](https://www.robinsonslondon.com/2012/02/01/2012-02-s07-tax-2/) - News: February 2012 The Italian job We often complain about HMRC's heavy-handed tactics in collecting tax, but we have it easy compared to what Italian taxpayers will be facing soon in a crackdown on tax evasion. The Italian tax authorities have just released the following mind-boggling data and apparently nobody is disputing its accuracy: There - [Office in the cloud](https://www.robinsonslondon.com/2012/01/01/2012-01-s01-2/) - News: January 2012 Office in the cloud Microsoft Office has long been the default choice of office software for businesses. With the recent launch of Microsoft Office 365, many businesses are considering the advantages inherent in the new software's cloud-based collaboration capabilities. So what is it all about? Office 365 allows users to work together - [Overseas holiday homes](https://www.robinsonslondon.com/2012/01/01/2012-01-s01-tax-2/) - News: January 2012 Overseas holiday homes As a separate initiative HMRC is targeting UK residents with overseas properties, but only if the taxpayer has assets between £2.5 million and £20 million and/or those who they reckon should be in the 50% tax bracket. Letting of an overseas property by a 20% or 40% taxpayer may - [Understanding what your customers are doing on Facebook](https://www.robinsonslondon.com/2012/01/01/2012-01-s02-2/) - News: January 2012 Understanding what your customers are doing on Facebook Most people reading this article will have a Facebook account. Whether for business or pleasure, chances are that you use Facebook for keeping in touch with friends and family and perhaps promoting your business. We all know that utilising Facebook can potentially be a - [Tax due by 31st January but you cannot trace a payslip?](https://www.robinsonslondon.com/2012/01/01/2012-01-s02-tax-2/) - News: January 2012 Tax due by 31st January but you cannot trace a payslip? We know this can be a regular problem for some of our clients. One solution is to pay electronically – something which HMRC wish we would all do. Otherwise a new arrangement has been made this year whereby we enter your - [Employee retention strategies](https://www.robinsonslondon.com/2012/01/01/2012-01-s03-2/) - News: January 2012 Employee retention strategies Good staff are the lifeblood of any business and in today's challenging economic times, businesses need to hold on to talented employees. With increasing pressure to reduce costs, implement salary cuts and reduce other costs such as staff benefits and incentives, your staff may decide to have a look - [New seed enterprise investment scheme (SEIS)](https://www.robinsonslondon.com/2012/01/01/2012-01-s03-tax-2/) - News: January 2012 New seed enterprise investment scheme (SEIS) We now have more details of this exciting new scheme to start on 6 April 2012. It can give you significant tax breaks for small investments in start-ups, but of course it is high-risk (yes, we know, if there was little risk they wouldn't need to - [Managing your time](https://www.robinsonslondon.com/2012/01/01/2012-01-s04-2/) - News: January 2012 Managing your time Here are a few tips to help you become a more effective Manager in 2012: Create a daily "to-do" list - Your list should ideally be broken down into "income producing" and "non-income producing" items. Within these categories you should have "must do" and "like to get done" items. - [Coding out tax underpayments to £3,000](https://www.robinsonslondon.com/2012/01/01/2012-01-s04-tax-2/) - News: January 2012 Coding out tax underpayments to £3,000 If you have tax to pay between £2,000 to £3,000, the latter is the new limit for having the tax collected by reducing your 2012/13 Code Number as an employee, rather than paying it all in one go by 31 January 2012. We have now been - [HMRC taskforces](https://www.robinsonslondon.com/2012/01/01/2012-01-s06-tax-2/) - News: January 2012 HMRC taskforces These are being extended and aim to bring together various HMRC compliance and enforcement teams for what they delightfully call "intensive bursts of activity targeted at specific sectors and locations where there is evidence of high risk of tax evasion". Five new taskforces have been announced, with more promised, and - [iPhone 4S - another nail in the coffin for Blackberry?](https://www.robinsonslondon.com/2011/12/01/2011-12-s01-2/) - News: December 2011 iPhone 4S - another nail in the coffin for Blackberry? BlackBerry has long been the smartphone of choice for business users – mainly due to its "push email" functionality and its security features. However, the iphone now has a sizeable chunk of the personal mobile phone market and the new iPhone 4S - [The Autumn Statement](https://www.robinsonslondon.com/2011/12/01/2011-12-s01-tax-2/) - News: December 2011 The Autumn Statement George Osborne stood up in the House of Commons recently to update MPs on the government's plans based on the latest forecasts for the UK economy from the Office for Budget Responsibility. The Office for Budget Responsibility report - published twice a year - is its assessment of the - [Encourage your team to get fit, healthy and more productive](https://www.robinsonslondon.com/2011/12/01/2011-12-s02-2/) - News: December 2011 Encourage your team to get fit, healthy and more productive Most of us have heard the old adage of "healthy mind, healthy body". The stress-busting effects of regular exercise are well documented and the benefits to employees of regular exercise are many. However, few employers actively encourage their staff to exercise during - [Tax catch up plan](https://www.robinsonslondon.com/2011/12/01/2011-12-s02-tax-2/) - News: December 2011 Tax catch up plan We are always delighted when you kindly refer a new client to us. It shows us we are providing the service to you that we always strive for, and we then try and do our best for the person you have referred. One area where we can help - [Customer retention strategies](https://www.robinsonslondon.com/2011/12/01/2011-12-s03-2/) - News: December 2011 Customer retention strategies Without customers your business simply would not exist. Some businesses are so focused on winning new customers that they often neglect to put any effort into retaining the customers they already have! Winning new customers is often far more expensive than retaining existing ones. Winning a new contract may - [UK/Switzerland tax agreement](https://www.robinsonslondon.com/2011/12/01/2011-12-s03-tax-2/) - News: December 2011 UK/Switzerland tax agreement This ground-breaking agreement has been signed and is expected to take effect from January 2013. It will mean that UK residents can retrospectively regulate the tax position on their existing banking relationships in Switzerland by either making a one-off tax payment or disclosing their accounts. Future investment income and - [Webinar tips - it's all about content](https://www.robinsonslondon.com/2011/12/01/2011-12-s04-2/) - News: December 2011 Webinar tips - it's all about content The first rule of creating a memorable and engaging webinar is to "be prepared". Spend time rehearsing your presentation and if you are using slides, take the time to prepare a great looking presentation. Your slides should really stand out with strong graphics which reinforce - [Using your own limited family company to meet university costs of your son or daughter](https://www.robinsonslondon.com/2011/12/01/2011-12-s04-tax-2/) - News: December 2011 Using your own limited family company to meet university costs of your son or daughter The scope is substantial, with care, and can result in both a corporation tax deduction and no income tax charge on you to cover the benefit. The ultimate tax-efficient arrangement! As you can imagine, the rules are - [Beneficial ownership of an asset](https://www.robinsonslondon.com/2011/12/01/2011-12-s05-tax-2/) - News: December 2011 Beneficial ownership of an asset If you own an asset personally, with your spouse not being involved, that would normally mean that the capital gain on a sale will be taxed on you alone. The key aspect is who is the beneficial owner, rather than whose name is shown on the deeds - [IR35 tax yield revealed](https://www.robinsonslondon.com/2011/12/01/2011-12-s06-tax-2/) - News: December 2011 IR35 tax yield revealed If you use your own personal services company to provide services, you will be well aware of the infamous IR35 rules. When they apply they result in the income of your company from the end-users being treated as your own earnings, with the result that PAYE and national - [Build a winning team](https://www.robinsonslondon.com/2011/11/01/2011-11-s01-2/) - News: November 2011 Build a winning team To build a business and steer it towards success, you need a strong team behind you. Here are the steps to building a good management team in your business: Assess where you are today - Before you can plan where you want to go with your team, you - [Watch out for big increase in company car tax for some](https://www.robinsonslondon.com/2011/11/01/2011-11-s01-tax-2/) - News: November 2011 Watch out for big increase in company car tax for some There is a sharp increase in the taxable car benefit on many company cars with effect from 6 April 2012. This is by reference to a new emissions scale which creates an income tax charge (and Class 1A national insurance liability) - [Tips to help you get more clients](https://www.robinsonslondon.com/2011/11/01/2011-11-s02-2/) - News: November 2011 Tips to help you get more clients Business owners and managers, regardless of their industry, have one thing in common – they all want to win more clients. In today's challenging business environment, small and medium sized businesses need to work harder to develop strategies that win new business. Here are some - [Tax-free expenses if you travel overseas as an employee](https://www.robinsonslondon.com/2011/11/01/2011-11-s02-tax-2/) - News: November 2011 Tax-free expenses if you travel overseas as an employee HMRC publish benchmark scale rates for accommodation and subsistence payments made to you by your employer where you travel overseas, so that up to those rates there is no income tax charge on you nor any exposure to national insurance contributions. The rates - [Effective networking](https://www.robinsonslondon.com/2011/11/01/2011-11-s03-2/) - News: November 2011 Effective networking Most business owners and managers invest considerable time and effort into the look and feel of their company's website. However, making a site that looks good is only half the battle – it also needs to have top quality content. Your website is like a shop window for your business - [Tax catch up plan](https://www.robinsonslondon.com/2011/11/01/2011-11-s03-tax-2/) - News: November 2011 Tax catch up plan This is the somewhat quaint name of the latest HMRC initiative to tackle tax defaulters. It is aimed at those delivering tuition and coaching or who use those skills in another way to supplement income, but it also provides a means of telling HMRC of ANY undeclared income - [Benefits of serviced offices](https://www.robinsonslondon.com/2011/11/01/2011-11-s04-2/) - News: November 2011 Benefits of serviced offices Whether you are a business start-up or an expanding enterprise, serviced offices represent an attractive alternative to simply leasing or buying an office for your firm. Serviced offices offer everything from a basic office set up to add-ons including meeting rooms, phone answering services, typing services, mailboxes for - [A possible tax-free perk](https://www.robinsonslondon.com/2011/11/01/2011-11-s04-tax-2/) - News: November 2011 A possible tax-free perk A nice thought, and it can be achieved in specific circumstances whereas basically any benefit in kind obtained from your employer or business contact is taxable. The point is that certain gifts from a third party such as a supplier or customer are exempt from tax. The list - [Penalties for late payment of income tax and late filing](https://www.robinsonslondon.com/2011/11/01/2011-11-s05-tax-2/) - News: November 2011 Penalties for late payment of income tax and late filing Tax returns for the year to 5 April 2011 filed late will create a penalty even if the correct amount of tax is paid on time or indeed there is no more tax to pay. Arguably that was a move which could - [Document management systems](https://www.robinsonslondon.com/2011/10/01/2011-10-s01-2/) - News: October 2011 Document management systems More and more businesses are deciding to "go paperless". Many business owners and managers want an alternative to paper based filing systems due to the sheer cost of storing files and the space required to store them in. A document management system allows for documents both scanned and electronic - [How HMRC can make a discovery](https://www.robinsonslondon.com/2011/10/01/2011-10-s01-tax-2/) - News: October 2011 How HMRC can make a discovery The tax authorities are entitled to look at and ask questions on any tax return within an enquiry window which normally ends 12 months after the tax return was filed with them. But they can also do this outside that window, by making what is termed - [Motivating your employees](https://www.robinsonslondon.com/2011/10/01/2011-10-s02-2/) - News: October 2011 Motivating your employees Understand your staff - Employees are motivated by what they get out of their jobs. This may not necessarily be all about money - job satisfaction and career progression are also important factors in motivating your employees. If you can identify the personal goals of your employees and align - [The chancellor's autumn statement](https://www.robinsonslondon.com/2011/10/01/2011-10-s02-tax-2/) - News: October 2011 The chancellor's autumn statement This we now know will be on 29 November 2011, and following a new policy it is likely to be accompanied by draft clauses of new legislation planned to be introduced on 6 April 2012. This enables us to have a good look at the changes well before - [Effective networking](https://www.robinsonslondon.com/2011/10/01/2011-10-s03-2/) - News: October 2011 Effective networking In today's challenging business environment there is an increased focus on networking as a way of bringing in new business. Unlike advertising it doesn't cost a lot and you can do it almost anywhere. Networking itself is easy but effective networking is a more challenging activity. Before you hand out - [New stand-alone business angel seed investment scheme (BASIS)](https://www.robinsonslondon.com/2011/10/01/2011-10-s03-tax-2/) - News: October 2011 New stand-alone business angel seed investment scheme (BASIS) Building on the new tax breaks covered in last month's Tax E-News, there is an exciting new opportunity which is scheduled to start next tax year. BASIS is based on the existing Enterprise Investment Scheme (EIS) but is more narrowly targeted at the seed - [Tips to successfully implement a customer relationship
management system](https://www.robinsonslondon.com/2011/10/01/2011-10-s04-2/) - News: October 2011 Tips to successfully implement a customer relationship management system Get your team on board - Like any new process or procedure in a business, you need to sell the benefits of CRM to your team. Not only should you explain what the system does, you should focus on how the CRM system - [Company car changes](https://www.robinsonslondon.com/2011/10/01/2011-10-s04-tax-2/) - News: October 2011 Company car changes The income tax charge on the valuable benefit of having a company car available for your private use is often changed, so as to encourage car makers and drivers to lower CO2 emissions. Plenty of notice is usually given of each change, given that naturally it is not realistic - [Advisory fuel rates for company cars](https://www.robinsonslondon.com/2011/10/01/2011-10-s05-tax-2/) - News: October 2011 Advisory fuel rates for company cars Published guidelines are issued by HMRC. The stated aim is to save time for all concerned by setting out figures which they reckon can be used in the majority of cases. They are only advisory, and can apply where the employer reimburses the employee for fuel - [Generating a return from webinars](https://www.robinsonslondon.com/2011/09/01/2011-09-s01-2/) - News: September 2011 Generating a return from webinars As business owners and managers dedicate more time to running their businesses and keeping their heads above water, they have less time to leave the office in order to attend presentations and seminars. As a result, webinars are finding favour with business people who still want the - [Avoiding penalties](https://www.robinsonslondon.com/2011/09/01/2011-09-s01-tax-2/) - News: September 2011 Avoiding penalties You may have suffered a penalty from HMRC due to late filing of a tax form, and no doubt you will have felt aggrieved but at the same time realised that ordinarily there is little or no scope to get the penalty reduced or withdrawn. A brave taxpayer took on - [Cutting employee costs in a recession](https://www.robinsonslondon.com/2011/09/01/2011-09-s02-2/) - News: September 2011 Cutting employee costs in a recession As businesses further tighten the purse strings the likelihood of training budgets being cut increases. However, employees still need to learn new skills and keep up to date in order to realise their full potential. As such here are a few ways to reduce your training - [Review of taxations of pensioners](https://www.robinsonslondon.com/2011/09/01/2011-09-s02-tax-2/) - News: September 2011 Review of taxations of pensioners This is often seen as overly complex, with many pensioners subject to PAYE before retirement but self-assessment afterwards when they may have several small sources of income that may or may not need tax deducted. A perennial problem indeed! It is not the amount of income that - [Don't just work 'in' the business - work 'on' the business](https://www.robinsonslondon.com/2011/09/01/2011-09-s03-2/) - News: September 2011 Don't just work 'in' the business - work 'on' the business Today's business manager is short on time and therefore must prioritise the most important tasks. However, many business owners and / or managers become caught up in the day to day "workings" of the business such as closing sales, invoicing, staff - [Junior ISAs](https://www.robinsonslondon.com/2011/09/01/2011-09-s03-tax-2/) - News: September 2011 Junior ISAs The recent volatility of the FTSE 100 might make people wary of investing in stocks and shares, but this new tax-efficient product does have plenty of long-term attractions in the right circumstances. Your IFA can advise fully, but as far as the tax rules are concerned there is complete income - [Search engine optimisation](https://www.robinsonslondon.com/2011/09/01/2011-09-s04-2/) - News: September 2011 Search engine optimisation As business people, many if not all of us have been contacted at some stage by a salesperson offering to "optimize" our company's website in order to improve the site's ranking on search engines such as Google, Yahoo, etc. These sales calls can give the impression that search engine - [Gifts of pre-eminent objects and works of art to the nation](https://www.robinsonslondon.com/2011/09/01/2011-09-s04-tax-2/) - News: September 2011 Gifts of pre-eminent objects and works of art to the nation The aim of this new scheme is to stimulate lifetime giving by encouraging taxpayers to donate pre-eminent objects, or collections of objects, to the nation. In return, donors will receive a reduction in their income tax liability based on a set - [New Apple operating system - OSX Lion](https://www.robinsonslondon.com/2011/08/01/2011-08-s01-2/) - News: August 2011 New Apple operating system - OSX Lion For the ever increasing number of businesses who have switched from using windows based computers to Apple machines, the big news is the launch of the latest Apple operating system, OSX Lion. Exciting new features for business users include the new "Auto-Save" feature which automatically - [LISS](https://www.robinsonslondon.com/2011/08/01/2011-08-s01-tax-2/) - News: August 2011 LISS This is not just a pleasant country town in Hampshire — it also stands for Litigation and Settlements Strategy and has just been re-launched by HMRC. There are mixed messages in this strategy. For example it tries to assure us all that where there is a dispute about the amount of - [Good reasons to hire summer interns](https://www.robinsonslondon.com/2011/08/01/2011-08-s02-2/) - News: August 2011 Good reasons to hire summer interns Social Responsibility - Hiring summer interns can be a great PR strategy. Interns should be seen as temporary staff who will benefit from some real world business experience. As a member of the business community, hiring interns each summer shows that your firm is giving back - [VAT defaulters](https://www.robinsonslondon.com/2011/08/01/2011-08-s02-tax-2/) - News: August 2011 VAT defaulters If you know of any trader who should be VAT registered but is not for some reason, please do both them and us a favour by suggesting they meet us for an informal chat. That is not meant to sound ominous — the point is that HMRC have just launched - [Focus on 3 key components to build a successful strategy in a recession](https://www.robinsonslondon.com/2011/08/01/2011-08-s03-2/) - News: August 2011 Focus on 3 key components to build a successful strategy in a recession Cut expenses - When it comes to cutting expenses, think about things such as postponing non-critical expenditures, buying in bulk (if practical), bartering services and making only planned purchases. Make planned purchases a company policy and only deviate from - [Remittance basis](https://www.robinsonslondon.com/2011/08/01/2011-08-s03-tax-2/) - News: August 2011 Remittance basis If you are not domiciled in the UK you will be well aware that basically overseas income and gains are not taxed in the UK if they are not actually remitted to the UK, unless you have been UK tax resident for at least 7 out of the last 9 - [The key to successful email marketing campaigns](https://www.robinsonslondon.com/2011/08/01/2011-08-s04-2/) - News: August 2011 The key to successful email marketing campaigns Email marketing is a proven, cost effective way to promote your business. However, since more and more firms are getting in on the act it is becoming harder to achieve the same impact that you may have enjoyed a year or 2 ago. The following - [New single compliance process](https://www.robinsonslondon.com/2011/08/01/2011-08-s04-tax-2/) - News: August 2011 New single compliance process There seem to be a never ending stream of initiatives from HMRC relating to how they handle tax enquiries where (rightly or wrongly) they consider that something needs explaining. The last thing we want to do is worry you unnecessarily, as we will always try to minimise the - [Writing a press release](https://www.robinsonslondon.com/2011/08/01/2011-08-s05-2/) - News: August 2011 Writing a press release Journalists receive hundreds of press releases on a daily basis and businesses often struggle to attract the attention of the media as a result. Consider the following tips to help you write a press release that catches the attention of journalists Style and Length - The language of - [Website marketing — conversation funnels](https://www.robinsonslondon.com/2011/07/01/2011-07-s01-2/) - News: July 2011 Website marketing — conversation funnels Once you have established your website and its objectives it's time to focus on converting site visits into business (or at least actions that result in new business being won over time). A conversion is a marketing term that describes the final outcome of a website visit. - [What do you think of HMRC?](https://www.robinsonslondon.com/2011/07/01/2011-07-s01-tax-2/) - News: July 2011 What do you think of HMRC? Probably unwise to ask you that, but do you recognise the following thoughts? HMRC sees the small business area as a source of tax leakage and as a result of its robust approach it is feared by many small businesses Small businesses and their advisers spend - [Tips for getting the most out of your staff](https://www.robinsonslondon.com/2011/07/01/2011-07-s02-2/) - News: July 2011 Tips for getting the most out of your staff Regular feedback - Your employees need to know how they are doing and regular feedback is the key to keeping them motivated. Staff need to know how they are performing so that they can identify the areas where they need to improve, which - [Advisory fuel rates for company cars](https://www.robinsonslondon.com/2011/07/01/2011-07-s02-tax-2/) - News: July 2011 Advisory fuel rates for company cars Published guidelines are issued by HMRC with the aim being to save time for all concerned by setting out figures which they reckon can be used in the majority of cases. They are only advisory, and can apply where the employer reimburses the employee for fuel - [Using newsletter and web content to increase attendee numbers at your events](https://www.robinsonslondon.com/2011/07/01/2011-07-s03-2/) - News: July 2011 Using newsletter and web content to increase attendee numbers at your events When promoting a seminar or event to your clients and potential clients, it takes more than just a simple invitation to encourage people to turn up on the day. It is important to give your target audience a taste of - [Tax payslip](https://www.robinsonslondon.com/2011/07/01/2011-07-s03-tax-2/) - News: July 2011 Tax payslip If you have some tax to pay on 31 July (this covers the 2nd payment on account for 2010/11) you should shortly receive a computerised payslip. That allows for electronic payment, but in case the payslip fails to arrive HMRC have helpfully provided a downloadable payslip at www.hmrc.gov.uk/agents/sa361.pdf. If you - [Tips for a killer marketing campaign](https://www.robinsonslondon.com/2011/07/01/2011-07-s04-2/) - News: July 2011 Tips for a killer marketing campaign Learn from the mistakes and successes of your competitors - Watch what your competitors are doing and learn from it. They may be advertising everywhere but it may not be enough to win them new business. Your marketing does not necessarily have to centre on traditional - [Living overseas of planning to go?](https://www.robinsonslondon.com/2011/07/01/2011-07-s04-tax-2/) - News: July 2011 Living overseas of planning to go? Proposals are now out for consultation with a view to introducing new rules to determine whether or not you are tax resident in the UK. They are planned to apply from 6 April 2012 and one of the specific proposals is to treat someone as UK ## Pages - [Home](https://www.robinsonslondon.com/) - Trusted by businesses for over 30 years, Robinsons are a respected North London accountant specialising in SME, charity and property sector accounting. - [About Robinsons](https://www.robinsonslondon.com/about-robinsons/) - From entrepreneurs to established businesses, from every area of London and covering all industry sectors, we are chartered certified accountants you can trust. - [Resources](https://www.robinsonslondon.com/resources/) - Tax CentreThe Tax Centre includes Special Tax Reports, Tax Calculators and Helpsheets, HMRC Forms and Budget Reports. Read more Business CentreThe Business Centre includes Business Helpsheets, Companies House Forms, Online Company Searches & Credit Checks and Historical Market Data. Read more Useful linksUseful links for all your day-to-day tax and business needs. Read more ID - [Refer-a-friend](https://www.robinsonslondon.com/refer-a-friend/) - Refer a friend to our accountancy services, and when they sign up, you’ll receive £250 off your next accountancy bill — it’s that simple.Whether it’s tax planning, business advice, or personal finances, we’re here to make managing your money easier and more efficient. Plus, you can save while helping a friend experience the same high-quality service - [Accounting Services](https://www.robinsonslondon.com/accounting-services/) - ACCOUNTING DONE DIFFERENTLYWe get down to business, for your business From start-ups to established SMEs or larger organisations looking for senior input with a fresh perspective, we’re here to help whichever stage of the business life-cycle you happen to be at.Whether that means simple yearly accounts, a fully outsourced Financial Director function or high-level business - [Contact](https://www.robinsonslondon.com/contact/) - Get in touch with Robinsons London Accountants if you’d like further information on any of our services. Just give us a call or contact us through the contact form below. Follow us on social or sign up to our newsletter for financial and business news, plus details of our networking events, workshops and briefings. - [Terms and Conditions](https://www.robinsonslondon.com/terms-and-conditions/) - ROBINSONS TERMS & CONDITIONSAt Robinsons Chartered accountants we offer a variety of services to suite our clients.Click the links below to read our terms and conditions. Robinsons Consulting Ltd Robinsons Consulting Limited was founded in London in 1992 and serves Small and Medium Businesses. Our services include outsourcing, accounting and tax services. Robinsons Consulting Limited - [Payroll](https://www.robinsonslondon.com/corporate/payroll/) - Although we do not provide Payroll services in-house, Robinsons works closely with Pay Check Ltd, to provide a range of Payroll solutions to our clients. Speak To Us - [Media Industry Accounting](https://www.robinsonslondon.com/media-industry-accounting/) - MEDIA INDUSTRY ACCOUNTING FILM TV RADIO & ENTERTAINMENT MEDIA SECTOR ACCOUNTANTS TRUSTED BY LONDON BUSINESSES FOR OVER 30 YEARS Robinsons have many years of experience and understanding across the media sector and creative industries.From advertising agencies to architects, TV production companies to designers, we understand the vital balance between creativity and commercialism particularly well.So whether - [Charity & Not for Profit](https://www.robinsonslondon.com/charity-not-for-profit/) - Robinsons have launched an entirely new online bookkeeping and accounts service for business and charities. - [Profit Improvement](https://www.robinsonslondon.com/profit-improvement/) - "Big Four" professionalism with friendly and efficient approach - [SMEs & Startups](https://www.robinsonslondon.com/startups-smes/) - Accounting services for retail, property , engineering, logistics, advertising agencies, architects, TV production companies and designers. - [Property Tax](https://www.robinsonslondon.com/property-tax/) - Collaborative accounting for property companies PROPERTY SECTOR ACCOUNTANTS TRUSTED BY LONDON BUSINESSES FOR OVER 30 YEARS Specialists in London property. As property sector accountants we know what makes a property company tick. From buy-to-let investors to architects, property management to furnished holiday lettings, we’ve been helping property businesses thrive across the capital since 1992. SEND - [Personal Tax](https://www.robinsonslondon.com/personal-tax/) - Through Collaborative accounting and personal tax planning, Robinsons chartered accountants work with clients in the personal tax sector making the most of their finances. - [Corporate Tax](https://www.robinsonslondon.com/tax-services/) - Accounting done differentlyGetting down to business, for your business - [Corporate](https://www.robinsonslondon.com/corporate/) - Corporate Services All businesses have the same objectives.We’re not the type of accountant you only hear from once a year, when an invoice is due. Be as profitable as possible Ensure finances are in excellent shape OUR PLEDGE – YOUR CHARTER We believe strong and successful business relationships are built on mutual trust and respect.We - [Meet the Team](https://www.robinsonslondon.com/about-robinsons/meet-the-team/) - Joseph RobinsonJoseph is Robinsons’ tax expert, with over 30 years’ experience in a broad range of business sectors.A chartered accountant, Joseph started his working career in banking, before moving to Coopers and Lybrand (now Price Waterhouse Coopers) in 1982. It was while working for this international firm that he started to identify a gap in the - [Pricing](https://www.robinsonslondon.com/pricing/) - Best Facility Popular Set content $58 Weekly Basic Plan List Title One List Title Two List TitleThree Buy now Popular Offer Now $78 Month Advance Plan List Title One List Title Two List Title Three Buy now Popular 15% Offer $99 Yearly Premium Plan List Title One List Title Two List Title Three Buy now - [Systems and Training](https://www.robinsonslondon.com/corporate/systems-and-training/) - Do you need systems and training support for your staff?Every client is different, with different needs and expectations from their accounting system. System SpecificationWe work with you to perform a System Specification which analyses your current and future needs and advises on software options to suit you. Fully scalableWhether you require an entirely new accounting - [Statutory and Management Accounts](https://www.robinsonslondon.com/corporate/statutory-and-management-accounts/) - Every UK company is obliged to file accounts at Companies House following their year end. Completing the company accounts can often seem an onerous and time-consuming task.You can ensure that your accounts are filed within the required deadlines.Our state-of-the art electronic filing system, means your books need only be with us for a few days - [Corporation Tax](https://www.robinsonslondon.com/corporate/corporation-tax/) - As part of our accounts service, we can complete your Corporation Tax Return and CT600.Please contact us for further details. Contact Us - [Business Consultancy](https://www.robinsonslondon.com/corporate/business-consultancy/) - Are you confident that your business is ready to withstand the credit crunch? A fresh perspective can make a huge difference.Let us help you to: identify opportunities assess one-off Profit-Boosting tactics assess Tax-Busting opportunities assess your business objectives evaluate potential risks provide strategic plans provide fully outsourced Financial Director function. provide merger and acquisition advice - [Audit](https://www.robinsonslondon.com/corporate/audit/) - “Big Four” professionalism with friendly and efficient approach If you need a comprehensive auditing service with the quality and professionalism of “big four” firms but the friendliness and efficiency of a smaller organisation, we will make the process as smooth as possible. We will ensure: you are fully aware of the auditing process we allow - [Your tax return](https://www.robinsonslondon.com/personal/your-tax-return/) - WHAT DO YOU WANT TO DO? As a Personal Tax client you pass this responsibility on to us and you are free to concentrate your energies where your talents lie. Send us your own records or simply a bundle of receiptsWe will work with you to make the whole process stress-free.We can also ensure that - [Personal](https://www.robinsonslondon.com/personal/) - Personal Tax Services For nearly twenty years now, Robinsons has been working with individuals to help them make the most of their finances. Case study - read more » Completing your Tax Return Advice on investments Financial planning for the future OUR PLEDGE – YOUR CHARTER We will establish a strong and trusting relationship with - [WIN a £50 M&S voucher: Leave a review](https://www.robinsonslondon.com/win-a-50-ms-voucher-leave-a-review/) - Leave a review for a chance to WIN Let us know how we’ve been helping you and your business for a chance to WIN a £50 M&S voucher.1) Click on the link below.2) Sign in to your google account.3) Say something nice (!) about us, preferably related to the work we do for you and how - [Tax Return Essentials – Checklist 2019](https://www.robinsonslondon.com/tax-return-essentials-checklist-2019/) - Have you got everything you need?DOWNLOAD THE ROBINSONS TAX RETURN ESSENTIALS CHECKLIST NOW AND BE SURE TOSEND US ALL YOUR INFORMATION BY 31 OCTOBER. The Tax Return season is upon us. Avoid late submission penalties with this handy checklist of essential documents. We would urge everyone to send in tax information as early as possible - [Tax Return Checklist 2017-18 – client download](https://www.robinsonslondon.com/tax-return-checklist-2017-18-client-download/) - Tax Return ChecklistAvoid late submission penalties with this handy checklist of documentsDownload now and be sure to send us all your information by 30 October. The Tax Return season is upon us. Send your information to us by 30 October to avoid late submission penalties.We would urge everyone to send in tax information as early as - [Tax Return Checklist 2019 Essentials](https://www.robinsonslondon.com/tax-return-checklist-2019-essentials/) - Tax Return ChecklistDownload the Robinsons Tax Return Checklist now and be sure tosend us all your information by 31 October. The Tax Return season is upon us. Send your information to us by 31 October to avoid late submission penalties.We would urge everyone to send in tax information as early as possible in the new - [Tax Return Checklist](https://www.robinsonslondon.com/tax-return-checklist/) - Tax Return Checklist We would urge everyone to send in tax information as early as possible in the new tax season, to prepare for the quarterly filing regime which the government announced and implemented in 2019 (for VAT). Information provided at the last minute may be incomplete and in some cases may mean that the - [Setting up a new business: FREE 12-part guide](https://www.robinsonslondon.com/setting-up-a-new-business-free-12-part-guide/) - Setting up a new business: FREE 12-part guide Download now and discover everything you need to know about satisfying HMRC and steering clear of any unwanted penalties and fines. Notice: JavaScript is required for this content. Tax is becoming increasingly complicated and HM Revenue and Customs are looking for more ways to raise money through - [Privacy Policy](https://www.robinsonslondon.com/privacy-policy/) - WHAT IS THIS PRIVACY POLICY FOR? This privacy policy is for this website www.robinsonslondon.com and served by Robinsons Chartered Certified Accountants and governs the privacy of its users who choose to use it. The policy sets out the different areas where user privacy is concerned and outlines the obligations & requirements of the users, the website - [Robinsons Consulting Ltd Terms and Conditions](https://www.robinsonslondon.com/robinsons-consulting-ltd-terms-and-conditions/) - Robinsons Consulting LtdRobinsons Consulting Limited: Standard Terms and ConditionsUpdated 1 April 2021 IntroductionThese terms and conditions set out the general terms under which we undertake our business. The specific conditions relating to particular assignments will be covered in a separate letter of engagement. No advice can be given or relief upon until a signed letter - [Robinsons South East Terms and Conditions](https://www.robinsonslondon.com/robinsons-south-east-terms-and-conditions/) - Robinsons South EastRobinsons (South East) Limited: Standard Terms and ConditionsUpdated 1 April 2021 IntroductionThese terms and conditions set out the general terms under which we undertake our business. The specific conditions relating to particular assignments will be covered in a separate letter of engagement. No advice can be given or relief upon until a signed - [Useful Links](https://www.robinsonslondon.com/resources/useful-links/) - Business information and services www.hmrc.gov.uk Information on corporate and individual taxation. www.dwp.gov.uk Information on pensions and state benefits. www.businesslink.gov.uk Information for businesses and start-ups. www.berr.gov.uk Information on business regulation and enterprise. www.companieshouse.co.uk The organisation for registering companies. www.traintogain.gov.uk Government-funded training for businesses. www.tpsonline.org.uk The register for opting out of unsolicited sales and marketing calls. News - [Tax Centre](https://www.robinsonslondon.com/resources/tax-centre/) - [Business Centre](https://www.robinsonslondon.com/resources/business-centre/) - [Cloud accounts](https://www.robinsonslondon.com/cloud-accountants/) - Bookkeeping & Outsourced Accounts Service: 020 7684 0707Why outsource your bookkeeping?Many businesses are led by entrepreneurs – people with drive and enthusiasm in their products and services which make a business successful. Many entrepreneurs however, lack accounting expertise or indeed do not have the inclination to get involved in the bookkeeping aspects of the business.Online - [Software](https://www.robinsonslondon.com/software/) - [North London Chartered Accountants](https://www.robinsonslondon.com/north-london-chartered-accountants/) - Collaborative accountingTrusted North London accountants for over 25 yearsFrom individuals to established SMEs or larger organisations looking for senior input with a fresh perspective,we’re here to help whatever your accounting needs. Whether that means a personal tax return, simple yearly accountsor a fully outsourced finance function, we offer comprehensive and flexible accounting packages to suit your needs.When it - [Soon you may be able to pay for a business lunch with your iPhone](https://www.robinsonslondon.com/soon-you-may-be-able-to-pay-for-a-business-lunch-with-your-iphone/) - News: March 2011Soon you may be able to pay for a business lunch with your iPhoneAccording to the latest tech-blurb, Apple may implement “near field communication” technology (NFC) in the next iPad and iPhone, allowing users to make purchases directly from these devices. Futurists and techies alike have long heralded the dawn of the cashless - [Services4](https://www.robinsonslondon.com/services4/) - Explor Services We Offering Best Service in Financial reporting Providing you with up to date Financial information on a monthly, quarterly, or annual basis. Read More Dealing with HMRC We will remove the pain of dealing with HMRC and save you time. Read More Interim accounts and Management accounts We have many years experience helping - [North London Accountants N1 Islington & Shoreditch](https://www.robinsonslondon.com/north-london-accountants/) - Excellent - highly recommend them. I am delighted by the excellent support provided by the team at Robinsons Accountants. Their service has always been personal, pro-active and efficient I don't know what I'd do without them. The Robinsons team have a wonderful combination of expertise and empathy. They guide me through We have the pleasure - [Multi-national companies](https://www.robinsonslondon.com/uk-tax-compliance/) - Collaborative accountingfor multi-national companiesHelping you navigate UK tax compliance for over 25 yearsOffering “Big Four” expertise with a personal, dedicated service, we are focussed on deliveringstrategic UK tax compliance for multi-national companies of all sizes and sectors. UK TAX COMPLIANCEHelping businesses from all over the world set up and operate within the UK and ensuring - [Contact – Thank You](https://www.robinsonslondon.com/contact-thank-you/) - Thank you for getting in touchAlmost finished…We just need to confirm your email address and then we’ll be done.To complete the subscription process, please click the link in the email we just sent you.It should arrive in the next few minutes.It’ll be worth it, we promise! - [Contact – Confirmation](https://www.robinsonslondon.com/contact-confirmation/) - Thank you for getting in touchRegistration confirmed!Thank you – your registration to our list has been confirmed. - [Client Registration Form](https://www.robinsonslondon.com/client-registration-form/) - Welcome to Robinsons Accountants Let’s get you set up on our system so we always have the right information to hand.I can assure you we will keep these details confidential and will never pass them on a third party. First things first… Notice: JavaScript is required for this content. - [Business owners guide to tax – new-download](https://www.robinsonslondon.com/business-owners-guide-to-tax-new-download/) - Business Owners Guide to Tax Your guide to the latest tax regulationsDownload now and make sure you’re up to speed on all the latest changesTax is becoming increasingly complicated and HM Revenue and Customs are looking for more ways to raise money through fines for late or incorrect submissions. HMRC made more than £84m from - [Business Owners Guide to Tax – client download](https://www.robinsonslondon.com/business-owners-guide-to-tax-client-download/) - Business Owners Tax GuideYour guide to tax for both you and your businessDownload now and make sure you’re up to speed on all the latest changesTax is becoming increasingly complicated and HM Revenue and Customs are looking for more ways to raise money through fines for late or incorrect submissions. As such, it has become - [Autumn Statement 2016 – client download](https://www.robinsonslondon.com/autumn-statement-2016-client-download/) - Autumn Statement 2016Your guide to the 2016 Autumn StatementOn Wednesday 23 November the Chancellor Philip Hammond presented his first, and last, Autumn Statement along with the Spending Review.This summary concentrates on the tax, pay and welfare measures announced by the Chancellor which effect your business and personal tax affairs.We have also provided a reminder of other - [Accountants Stoke Newington](https://www.robinsonslondon.com/accountants-stoke-newington/) - Excellent - highly recommend them. I am delighted by the excellent support provided by the team at Robinsons Accountants. Their service has always been personal, pro-active and efficient I don't know what I'd do without them. The Robinsons team have a wonderful combination of expertise and empathy. They guide me through We have the pleasure - [Accountants Kings Cross](https://www.robinsonslondon.com/accountants-kings-cross/) - Excellent - highly recommend them. I am delighted by the excellent support provided by the team at Robinsons Accountants. Their service has always been personal, pro-active and efficient I don't know what I'd do without them. The Robinsons team have a wonderful combination of expertise and empathy. They guide me through We have the pleasure - [Accountants Holloway](https://www.robinsonslondon.com/accountants-holloway/) - Excellent - highly recommend them. I am delighted by the excellent support provided by the team at Robinsons Accountants. Their service has always been personal, pro-active and efficient I don't know what I'd do without them. The Robinsons team have a wonderful combination of expertise and empathy. They guide me through We have the pleasure - [Accountants Holborn](https://www.robinsonslondon.com/accountants-holborn/) - Excellent - highly recommend them. I am delighted by the excellent support provided by the team at Robinsons Accountants. Their service has always been personal, pro-active and efficient I don't know what I'd do without them. The Robinsons team have a wonderful combination of expertise and empathy. They guide me through We have the pleasure - [Accountants Highbury](https://www.robinsonslondon.com/accountants-highbury/) - Excellent - highly recommend them. I am delighted by the excellent support provided by the team at Robinsons Accountants. Their service has always been personal, pro-active and efficient I don't know what I'd do without them. The Robinsons team have a wonderful combination of expertise and empathy. They guide me through We have the pleasure - [Accountants Hackney](https://www.robinsonslondon.com/accountants-hackney/) - Excellent - highly recommend them. I am delighted by the excellent support provided by the team at Robinsons Accountants. Their service has always been personal, pro-active and efficient I don't know what I'd do without them. The Robinsons team have a wonderful combination of expertise and empathy. They guide me through We have the pleasure - [Accountants EC1](https://www.robinsonslondon.com/accountants-ec1/) - Excellent - highly recommend them. I am delighted by the excellent support provided by the team at Robinsons Accountants. Their service has always been personal, pro-active and efficient I don't know what I'd do without them. The Robinsons team have a wonderful combination of expertise and empathy. They guide me through We have the pleasure - [Accountants Clerkenwell](https://www.robinsonslondon.com/accountants-clerkenwell/) - Excellent - highly recommend them. I am delighted by the excellent support provided by the team at Robinsons Accountants. Their service has always been personal, pro-active and efficient I don't know what I'd do without them. The Robinsons team have a wonderful combination of expertise and empathy. They guide me through We have the pleasure - [Frequently Asked Questions](https://www.robinsonslondon.com/frequently-asked-questions/) - How many people work at Robinsons? We have a small team at our central London office, as well as a back-office which supports our central functions. Our clients deal only with this London team, and are each assigned a Director who will personally oversee their account. I already have an accountant - how do I - [Bookkeeping](https://www.robinsonslondon.com/bookkeeping/) - Bookkeeping & Outsourced Accounts Service: 020 7684 0707Why outsource your bookkeeping?Many businesses are led by entrepreneurs – people with drive and enthusiasm in their products and services which make a business successful. Many entrepreneurs however, lack accounting expertise or indeed do not have the inclination to get involved in the bookkeeping aspects of the business.Online - [Online Accounts](https://www.robinsonslondon.com/online-accounts/) - Bookkeeping & Outsourced Accounts Service: 020 7684 0707Why online accounts – why outsource your bookkeeping at all?Many businesses are led by entrepreneurs – people with drive and enthusiasm in their products and services which make a business successful. Many entrepreneurs however, lack accounting expertise or indeed do not have the inclination to get involved in - [Company History](https://www.robinsonslondon.com/about-robinsons/company-history/) - Company history1992Joseph Robinson and Richard Brattle founded Robinsons Chartered Certified Accountants in Clerkenwell, to provide high quality accounting and financial consultancy to small to medium sized firms with four clients.1997Robinsons moved to Islington with several hundred clients.1999Robinsons expanded to current long-term offices in Old Street serving more than 500 corporate and over 800 personal clients.Present dayRobinsons - [Our Clients](https://www.robinsonslondon.com/about-robinsons/experienced-accountants/) - Multi-sector expertiseAs a small business you need drive and determination to succeed. You need people who understand small and medium sized firms.You need experienced accountants who thoroughly understands your needs.As experienced accountants, Robinsons have many years understanding across a variety of sectorssuch as creative industries, retail, charity sector, property sector, engineering or logistics.From advertising agencies to architects, TV - [Your business](https://www.robinsonslondon.com/accounting-business/) - Collaborative accountingOffering tailored tax services to all types of business.You run your business. We’ll do your bookkeeping, accounts, and much more besides.Trusted tax services for over 25 years by businesses large and small. SME accountantsExperts in small / medium business accounting, we offer SMEs the full compliment of tax services, from bookkeeping and statutory accounts - [Start-ups](https://www.robinsonslondon.com/start-ups/) - Let’s get started…When we took the big, bold move of founding our own business in 1992 it was daunting yet exciting. The same is true for start-ups today.And sometimes we all just need a little support along the way.Because we’re more than just accountants and we care about the people we work with,we’re offering start-ups - [Robinsons North London Accountants](https://www.robinsonslondon.com/multi-national-companies/) - You run your business We’ll do your bookkeeping and accounts. Trusted for over 25 years by London’s small businesses. SME businessesExperts in small / medium business accounting, we offer SMEs the full compliment of services, from bookkeeping and statutory accounts to payroll. We also offer wider business consultancy. Find Out More CharitiesHelping charities to achieve - [SME Accountants](https://www.robinsonslondon.com/sme-accountants/) - Collaborative accountantsfor Small and Medium EnterprisesSME accountants trusted by London businesses for over 25 yearsFrom start-ups to established SMEs we’re here to help whichever stage of the business life-cycle you happen to be at. Statutory AccountsEvery UK company is obliged to file accounts at Companies House following their year end. As part of our service you - [Your business And Tax Sector](https://www.robinsonslondon.com/your-business-and-tax-sector/) - Collaborative accountingTailored tax services for specific business sectorsYou run your business. We’ll do your bookkeeping, accounts, and much more besides.Trusted for over 25 years by London businesses from a variety of accounting sectorsincluding charity, property and media. Charities and not-for-profitsHelping charities to achieve their goals. Providing third sector organisations with a cost-effective, fully outsourced solution - [Media sector accountants](https://www.robinsonslondon.com/media-sector-accountants/) - Collaborative accountingfor media and the creative industriesMEDIA SECTOR ACCOUNTANTS TRUSTED BY LONDON BUSINESSES FOR OVER 25 YEARSRobinsons have many years of experience and understanding across the media sector and creative industries.From advertising agencies to architects, TV production companies to designers, we understand the vital balance between creativity and commercialism particularly well.So whether you’re a literary agent or just an individual - [Clearcast](https://www.robinsonslondon.com/clearcast/) - Clearcast: Ad clearance and services for agencies and advertisersClearcast monitors TV advertising before it is broadcast, checking it for conformity with the TV Advertising Standards Code. Owned by eight leading commercial broadcasters, ITV, GMTV, Channel Four, Five, Sky, IDS (Virgin Media), Viacom and Turner, the company was formerly a part of ITV, but made the - [Adams Kara Taylor](https://www.robinsonslondon.com/adams-kara-taylor/) - Adams Kara Taylor: Successful structural and civil engineering partnershipRobin Adams is a co-founder and director of Adams Kara Taylor – a structural and civil engineering partnership which combines innovative design with engineering science to produce elegant, bespoke solutions. The company was targeted for acquisition by the WYG Group in 2007. Here, Robin explains why Robinsons - [Tina Baker](https://www.robinsonslondon.com/tina-baker/) - Tina Baker: Journalist, broadcaster and keep-fit instructorTina Baker is a prolific journalist, broadcaster and keep-fit instructor, whose career includes over a decade reviewing the best of British soap for GMTV, and a regular column in TV Times. She was an inspiration to viewers nationwide when she took part in ITV1’s Celebrity Fit Club, where she - [HotHouse Productions](https://www.robinsonslondon.com/hothouse-productions/) - HotHouse Productions: Compelling programming for terrestrial televisionHotHouse Productions was founded by TV Presenter and Producer Nick Fellows in 1998. The company specialises in producing lifestyle sports programmes for terrestrial TV, and has created programmes for all the UK’s major terrestrial broadcasters, as well as broadcasters in North America, Asia Pacific, Europe and South America. A - [MWO](https://www.robinsonslondon.com/mwo/) - MWO: UK top 50 advertising agencyMWO is one of the UK’s top fifty advertising agencies, with clients including Ryvita, Swiftcover and Wicks. They have created some of the most eye-catching and adventurous advertising campaigns of recent years. Tim Mortimer, their Managing Partner, reveals why Robinsons are the perfect fit for his business. “We first met - [Video Page](https://www.robinsonslondon.com/video-page/) - Best Consulting Dedicated to serve you! There are many variations words passages of Ipsum don't available, but the majority. Becididunt ut labore et dolore Quick Service Learn More Maintenance Service Orci varius natoque penatibus etagnis dis parturient montes, nascetur iculus tellus mi placerat sapien. Best IT security for All Orci varius natoque penatibus etagnis dis - [Landing Page](https://www.robinsonslondon.com/landing-page/) - Best Consulting Dedicated to serve you! There are many variations words passages of Ipsum don't available, but the majority. Becididunt ut labore et dolore Quick Service Learn More Best Consulting Dedicated to serve you! There are many variations words passages of Ipsum don't available, but the majority. Becididunt ut labore et dolore Quick Service Learn - [Service-2](https://www.robinsonslondon.com/service-2/) - Maintenance Service Orci varius natoque penatibus etagnis dis parturient montes, nascetur iculus tellus mi placerat sapien. Best IT security for All Orci varius natoque penatibus etagnis dis parturient montes, nascetur iculus tellus mi placerat sapien. All Kind Of IT Services Orci varius natoque penatibus etagnis dis parturient montes, nascetur iculus tellus mi placerat sapien. EXPLOR - [Service-3](https://www.robinsonslondon.com/service-3/) - Maintenance Service Orci varius natoque penatibus etagnis dis parturient montes, nascetur iculus tellus mi placerat sapien. Best IT security for All Orci varius natoque penatibus etagnis dis parturient montes, nascetur iculus tellus mi placerat sapien. All Kind Of IT Services Orci varius natoque penatibus etagnis dis parturient montes, nascetur iculus tellus mi placerat sapien. Explor - [Team](https://www.robinsonslondon.com/team/) - OUR MEMBER The Company Leaders Zames Sienna Director & CEO Anzila Poran Developer Kames Riena Designer Nicolas Poran Founder Our Member We Provide to Consultant Zustin Novak Manager Hilix H. Hebboix Officer Dabbu D. Dambline Marketing Liza Anderson Customer ## Sliders - [slider](https://www.robinsonslondon.com/slider/slider/) - [slider 2](https://www.robinsonslondon.com/slider/slider-2/) ## Service - [Marketing Idea](https://www.robinsonslondon.com/em_services/marketing-idea/) - Web designing in a owerful way of just not an only in a for our Company. - [Ultimate Guide](https://www.robinsonslondon.com/em_services/ultimate-guide/) - Web designing in a owerful way of just not an only in a for our Company. - [Sell Business](https://www.robinsonslondon.com/em_services/sell-business/) - Web designing in a owerful way of just not an only in a for our Company. ## Portfolio - [Ethical trade](https://www.robinsonslondon.com/em_portfolios/ethical-trade/) - Project Description Lorem ipsum dolor sit amet, consectetur adipisicing elit. Delectus, natus numquam unde qui pariatur porro necessitatibus harum libero commodi rem veritatis in nisi vero odit tenetur esse quidem inventore ex. Sunt nam mollitia, accusantium voluptates recusandae dolor isbus the necessitatibus praesentium excepturi earum sint inventore aperiam? Aperiam dolores Project Strategy Lorem ipsum dolor - [Intern program](https://www.robinsonslondon.com/em_portfolios/intern-program/) - Project Description Lorem ipsum dolor sit amet, consectetur adipisicing elit. Delectus, natus numquam unde qui pariatur porro necessitatibus harum libero commodi rem veritatis in nisi vero odit tenetur esse quidem inventore ex. Sunt nam mollitia, accusantium voluptates recusandae dolor isbus the necessitatibus praesentium excepturi earum sint inventore aperiam? Aperiam dolores Project Strategy Lorem ipsum dolor - [Golden hello](https://www.robinsonslondon.com/em_portfolios/golden-hello/) - Project Description Lorem ipsum dolor sit amet, consectetur adipisicing elit. Delectus, natus numquam unde qui pariatur porro necessitatibus harum libero commodi rem veritatis in nisi vero odit tenetur esse quidem inventore ex. Sunt nam mollitia, accusantium voluptates recusandae dolor isbus the necessitatibus praesentium excepturi earum sint inventore aperiam? Aperiam dolores Project Strategy Lorem ipsum dolor - [CONSULTING](https://www.robinsonslondon.com/em_portfolios/consulting/) - Project Description Lorem ipsum dolor sit amet, consectetur adipisicing elit. Delectus, natus numquam unde qui pariatur porro necessitatibus harum libero commodi rem veritatis in nisi vero odit tenetur esse quidem inventore ex. Sunt nam mollitia, accusantium voluptates recusandae dolor isbus the necessitatibus praesentium excepturi earum sint inventore aperiam? Aperiam dolores Project Strategy Lorem ipsum dolor - [Business cycle](https://www.robinsonslondon.com/em_portfolios/business-cycle/) - Project Description Lorem ipsum dolor sit amet, consectetur adipisicing elit. Delectus, natus numquam unde qui pariatur porro necessitatibus harum libero commodi rem veritatis in nisi vero odit tenetur esse quidem inventore ex. Sunt nam mollitia, accusantium voluptates recusandae dolor isbus the necessitatibus praesentium excepturi earum sint inventore aperiam? Aperiam dolores Project Strategy Lorem ipsum dolor - [Demo Media](https://www.robinsonslondon.com/em_portfolios/demo-media/) - Project Description Lorem ipsum dolor sit amet, consectetur adipisicing elit. Delectus, natus numquam unde qui pariatur porro necessitatibus harum libero commodi rem veritatis in nisi vero odit tenetur esse quidem inventore ex. Sunt nam mollitia, accusantium voluptates recusandae dolor isbus the necessitatibus praesentium excepturi earum sint inventore aperiam? Aperiam dolores Project Strategy Lorem ipsum dolor - [Fast Working](https://www.robinsonslondon.com/em_portfolios/fast-working/) - Project Description Lorem ipsum dolor sit amet, consectetur adipisicing elit. Delectus, natus numquam unde qui pariatur porro necessitatibus harum libero commodi rem veritatis in nisi vero odit tenetur esse quidem inventore ex. Sunt nam mollitia, accusantium voluptates recusandae dolor isbus the necessitatibus praesentium excepturi earum sint inventore aperiam? Aperiam dolores Project Strategy Lorem ipsum dolor - [Dedicate Team](https://www.robinsonslondon.com/em_portfolios/dedicate-team/) - Project Description Lorem ipsum dolor sit amet, consectetur adipisicing elit. Delectus, natus numquam unde qui pariatur porro necessitatibus harum libero commodi rem veritatis in nisi vero odit tenetur esse quidem inventore ex. Sunt nam mollitia, accusantium voluptates recusandae dolor isbus the necessitatibus praesentium excepturi earum sint inventore aperiam? Aperiam dolores Project Strategy Lorem ipsum dolor - [Partner Service](https://www.robinsonslondon.com/em_portfolios/partner-service/) - Project Description Lorem ipsum dolor sit amet, consectetur adipisicing elit. Delectus, natus numquam unde qui pariatur porro necessitatibus harum libero commodi rem veritatis in nisi vero odit tenetur esse quidem inventore ex. Sunt nam mollitia, accusantium voluptates recusandae dolor isbus the necessitatibus praesentium excepturi earum sint inventore aperiam? Aperiam dolores Project Strategy Lorem ipsum dolor ## Team - [Zustin Novak](https://www.robinsonslondon.com/em_team/zustin-novak/) - Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. - [Hilix H. Hebboix](https://www.robinsonslondon.com/em_team/hilix-h-hebboix/) - Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. - [Dabbu D. Dambline](https://www.robinsonslondon.com/em_team/dabbu-d-dambline/) - Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. - [Liza Anderson](https://www.robinsonslondon.com/em_team/liza-anderson/) - Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. ## Testimonials - [Toby Beresford](https://www.robinsonslondon.com/em_testimonial/toby-beresford/) - Helpful, switched on and reliable. Everything a start-up needs! - [Jacina Coyne](https://www.robinsonslondon.com/em_testimonial/jacina-coyne/) - Excellent - highly recommend them. - [Paul Woods](https://www.robinsonslondon.com/em_testimonial/paul-woods/) - We have the pleasure of Robinsons work with us for many years. They are professional and friendly people to deal with. They have ALWAYS advised us very well. We can not praise them highly enough!!! - [Christine Green](https://www.robinsonslondon.com/em_testimonial/christine-green/) - I don't know what I'd do without them. The Robinsons team have a wonderful combination of expertise and empathy. They guide me through all the changes of legislation and codes of practice; and they offer support and wise counsel for my future planning. I feel secure knowing I have them at my side. - [James Carmody](https://www.robinsonslondon.com/em_testimonial/james-carmody/) - I am delighted by the excellent support provided by the team at Robinsons Accountants. Their service has always been personal, pro-active and efficient and the quality of their work, in my experience, has always been to a very high standard. ## Categories - [Uncategorized](https://www.robinsonslondon.com/category/uncategorized/) - [business](https://www.robinsonslondon.com/category/business/) - [Corporation Tax](https://www.robinsonslondon.com/category/corporation-tax/) - [Income Tax](https://www.robinsonslondon.com/category/income-tax/) - [SMEs](https://www.robinsonslondon.com/category/smes/) - [Landlords](https://www.robinsonslondon.com/category/landlords/) - [HMRC](https://www.robinsonslondon.com/category/hmrc/) - [Tax](https://www.robinsonslondon.com/category/tax/) - [Charities](https://www.robinsonslondon.com/category/charities/) - [London](https://www.robinsonslondon.com/category/london/) - [National Insurance Contributions](https://www.robinsonslondon.com/category/national-insurance-contributions/) - [Stamp Duty Land Tax](https://www.robinsonslondon.com/category/stamp-duty-land-tax/) - [Pensions](https://www.robinsonslondon.com/category/pensions/) - [Enterprise zones](https://www.robinsonslondon.com/category/enterprise-zones/) - [Real Time Information](https://www.robinsonslondon.com/category/real-time-information/) - [Pay As You Earn](https://www.robinsonslondon.com/category/pay-as-you-earn/) - [Diary](https://www.robinsonslondon.com/category/diary/) - [Downloads](https://www.robinsonslondon.com/category/downloads/) - [Capital Gains Tax](https://www.robinsonslondon.com/category/capital-gains-tax/) - [ISAs](https://www.robinsonslondon.com/category/isas/) - [Inheritance Tax](https://www.robinsonslondon.com/category/inheritance-tax/) - [Annual Investment Allowance](https://www.robinsonslondon.com/category/annual-investment-allowance/) - [Dividends](https://www.robinsonslondon.com/category/dividends/) - [The Budget](https://www.robinsonslondon.com/category/the-budget/) - [VAT](https://www.robinsonslondon.com/category/vat/) - [IR35](https://www.robinsonslondon.com/category/ir35/) - [Construction Industry Scheme](https://www.robinsonslondon.com/category/construction-industry-scheme/) - [Partnerships](https://www.robinsonslondon.com/category/partnerships/) - [Sole traders](https://www.robinsonslondon.com/category/sole-traders/) - [Benefits in kind](https://www.robinsonslondon.com/category/benefits-in-kind/) - [Mileage claims](https://www.robinsonslondon.com/category/mileage-claims/) - [Brexit](https://www.robinsonslondon.com/category/brexit/) - [Customs Duty](https://www.robinsonslondon.com/category/customs-duty/) - [Property](https://www.robinsonslondon.com/category/property/) - [Domicile rules](https://www.robinsonslondon.com/category/domicile-rules/) - [Childcare](https://www.robinsonslondon.com/category/childcare/) - [Making Tax Digital](https://www.robinsonslondon.com/category/making-tax-digital/) - [Enterprise Investment Scheme (EIS)](https://www.robinsonslondon.com/category/enterprise-investment-scheme-eis/) - [Research and Development](https://www.robinsonslondon.com/category/research-and-development/) - [Starting a business](https://www.robinsonslondon.com/category/starting-a-business/) - [Enterprise Management Incentives (EMI)](https://www.robinsonslondon.com/category/enterprise-management-incentives-emi/) - [Employee Benefits Trusts](https://www.robinsonslondon.com/category/employee-benefits-trusts/) - [Minimum wage](https://www.robinsonslondon.com/category/minimum-wage/) - [Payroll](https://www.robinsonslondon.com/category/payroll/) - [Self assessment](https://www.robinsonslondon.com/category/self-assessment/) - [Coronavirus](https://www.robinsonslondon.com/category/coronavirus/) - [child benefits](https://www.robinsonslondon.com/category/child-benefits/) - [Cost of Living](https://www.robinsonslondon.com/category/cost-of-living/) ## Tags - [business](https://www.robinsonslondon.com/tag/business/) - [HMRC](https://www.robinsonslondon.com/tag/hmrc/) - [tax avoidance](https://www.robinsonslondon.com/tag/tax-avoidance/) - [budget](https://www.robinsonslondon.com/tag/budget/) - [Sajid Javid](https://www.robinsonslondon.com/tag/sajid-javid/) - [Treasury Select Committee](https://www.robinsonslondon.com/tag/treasury-select-committee/) - [employer bulletin](https://www.robinsonslondon.com/tag/employer-bulletin/) - [employment allowance](https://www.robinsonslondon.com/tag/employment-allowance/) - [PAYE](https://www.robinsonslondon.com/tag/paye/) - [self assessment tax return](https://www.robinsonslondon.com/tag/self-assessment-tax-return/) - [tax return deadline](https://www.robinsonslondon.com/tag/tax-return-deadline/) - [untaxed income](https://www.robinsonslondon.com/tag/untaxed-income/) - [capital gains tax](https://www.robinsonslondon.com/tag/capital-gains-tax/) - [home owners](https://www.robinsonslondon.com/tag/home-owners/) - [PPRR](https://www.robinsonslondon.com/tag/pprr/) - [tax](https://www.robinsonslondon.com/tag/tax/) - [IR35](https://www.robinsonslondon.com/tag/ir35/) - [Tax defaulters](https://www.robinsonslondon.com/tag/tax-defaulters/) - [BBLS](https://www.robinsonslondon.com/tag/bbls/) - [Bounce Back Loans](https://www.robinsonslondon.com/tag/bounce-back-loans/) - [CBILS](https://www.robinsonslondon.com/tag/cbils/) - [Job Support Scheme](https://www.robinsonslondon.com/tag/job-support-scheme/) - [Pay as you grow](https://www.robinsonslondon.com/tag/pay-as-you-grow/) - [SEISS Scheme](https://www.robinsonslondon.com/tag/seiss-scheme/) - [Self Assessment](https://www.robinsonslondon.com/tag/self-assessment/) - [VAT deferral](https://www.robinsonslondon.com/tag/vat-deferral/) - [Winter Economy Plan](https://www.robinsonslondon.com/tag/winter-economy-plan/) - [christmas](https://www.robinsonslondon.com/tag/christmas/) - [online accounts](https://www.robinsonslondon.com/tag/online-accounts/) - [top 10](https://www.robinsonslondon.com/tag/top-10/) - [accounts](https://www.robinsonslondon.com/tag/accounts/) - [brexit](https://www.robinsonslondon.com/tag/brexit/) - [export](https://www.robinsonslondon.com/tag/export/) - [finance](https://www.robinsonslondon.com/tag/finance/) - [import](https://www.robinsonslondon.com/tag/import/) - [trader checklist](https://www.robinsonslondon.com/tag/trader-checklist/) - [transition](https://www.robinsonslondon.com/tag/transition/) - [coronavirus](https://www.robinsonslondon.com/tag/coronavirus/) - [eligibility](https://www.robinsonslondon.com/tag/eligibility/) - [gov](https://www.robinsonslondon.com/tag/gov/) - [schemes](https://www.robinsonslondon.com/tag/schemes/) - [support](https://www.robinsonslondon.com/tag/support/) - [Making Tax Digital](https://www.robinsonslondon.com/tag/making-tax-digital/) - [MTD](https://www.robinsonslondon.com/tag/mtd/) - [ULEZ Loophole](https://www.robinsonslondon.com/tag/ulez-loophole/) - [property](https://www.robinsonslondon.com/tag/property/) - [hybrid](https://www.robinsonslondon.com/tag/hybrid/) - [scheme](https://www.robinsonslondon.com/tag/scheme/) - [property hybrid scheme](https://www.robinsonslondon.com/tag/property-hybrid-scheme/) - [Inheritance Bonds](https://www.robinsonslondon.com/tag/inheritance-bonds/) - [Inheritance tax](https://www.robinsonslondon.com/tag/inheritance-tax/) - [notional credits](https://www.robinsonslondon.com/tag/notional-credits/) - [Chargeable events](https://www.robinsonslondon.com/tag/chargeable-events/) - [Inheritance Bonds in Trusts](https://www.robinsonslondon.com/tag/inheritance-bonds-in-trusts/) - [Private Residence Relief](https://www.robinsonslondon.com/tag/private-residence-relief/) - [Capital Gains](https://www.robinsonslondon.com/tag/capital-gains/) - [CGT](https://www.robinsonslondon.com/tag/cgt/) - [Understanding](https://www.robinsonslondon.com/tag/understanding/) - [dividends](https://www.robinsonslondon.com/tag/dividends/) - [salary](https://www.robinsonslondon.com/tag/salary/) - [tax rates](https://www.robinsonslondon.com/tag/tax-rates/) - [vinted](https://www.robinsonslondon.com/tag/vinted/) - [ebay](https://www.robinsonslondon.com/tag/ebay/) - [depop](https://www.robinsonslondon.com/tag/depop/) - [airbnb](https://www.robinsonslondon.com/tag/airbnb/) - [online selling tax](https://www.robinsonslondon.com/tag/online-selling-tax/) - [energy price cap](https://www.robinsonslondon.com/tag/energy-price-cap/) - [national insurance](https://www.robinsonslondon.com/tag/national-insurance/) - [self assessment forms.](https://www.robinsonslondon.com/tag/self-assessment-forms/) - [Capital Gains Tax Simplification](https://www.robinsonslondon.com/tag/capital-gains-tax-simplification/) - [diverted profits tax](https://www.robinsonslondon.com/tag/diverted-profits-tax/) - [profits](https://www.robinsonslondon.com/tag/profits/) - [benefits in kind](https://www.robinsonslondon.com/tag/benefits-in-kind/) - [payrolling benefits and expenses](https://www.robinsonslondon.com/tag/payrolling-benefits-and-expenses/) - [spring budget 2024](https://www.robinsonslondon.com/tag/spring-budget-2024/) - [NHS](https://www.robinsonslondon.com/tag/nhs/) - [pensions](https://www.robinsonslondon.com/tag/pensions/) - [pension](https://www.robinsonslondon.com/tag/pension/) - [state pensions](https://www.robinsonslondon.com/tag/state-pensions/) - [state pension](https://www.robinsonslondon.com/tag/state-pension/) - [triple lock](https://www.robinsonslondon.com/tag/triple-lock/) - [tstealth tax](https://www.robinsonslondon.com/tag/tstealth-tax/) - [car tax](https://www.robinsonslondon.com/tag/car-tax/) - [VED](https://www.robinsonslondon.com/tag/ved/) - [Vehicle Excise Duty](https://www.robinsonslondon.com/tag/vehicle-excise-duty/) - [diesel](https://www.robinsonslondon.com/tag/diesel/) - [petrol](https://www.robinsonslondon.com/tag/petrol/) - [car](https://www.robinsonslondon.com/tag/car/) - [cars](https://www.robinsonslondon.com/tag/cars/) - [car tax increase](https://www.robinsonslondon.com/tag/car-tax-increase/) - [inheritance](https://www.robinsonslondon.com/tag/inheritance/) - [gifts](https://www.robinsonslondon.com/tag/gifts/) - [tax thresholds](https://www.robinsonslondon.com/tag/tax-thresholds/) - [companies house](https://www.robinsonslondon.com/tag/companies-house/) - [incorporating agents](https://www.robinsonslondon.com/tag/incorporating-agents/) - [directors](https://www.robinsonslondon.com/tag/directors/) - [small companies](https://www.robinsonslondon.com/tag/small-companies/) - [traders](https://www.robinsonslondon.com/tag/traders/) - [microchips](https://www.robinsonslondon.com/tag/microchips/) - [cats](https://www.robinsonslondon.com/tag/cats/) - [law](https://www.robinsonslondon.com/tag/law/) - [fine](https://www.robinsonslondon.com/tag/fine/) - [pets](https://www.robinsonslondon.com/tag/pets/) - [microchipping](https://www.robinsonslondon.com/tag/microchipping/) - [election](https://www.robinsonslondon.com/tag/election/) - [government](https://www.robinsonslondon.com/tag/government/) - [pension raid](https://www.robinsonslondon.com/tag/pension-raid/) - [pension tax](https://www.robinsonslondon.com/tag/pension-tax/) - [retirement](https://www.robinsonslondon.com/tag/retirement/) - [savings](https://www.robinsonslondon.com/tag/savings/) - [savings tax](https://www.robinsonslondon.com/tag/savings-tax/) - [interest](https://www.robinsonslondon.com/tag/interest/) - [spousal transfers](https://www.robinsonslondon.com/tag/spousal-transfers/) - [pension contributions](https://www.robinsonslondon.com/tag/pension-contributions/) - [corporation tax](https://www.robinsonslondon.com/tag/corporation-tax/) - [wealth tax](https://www.robinsonslondon.com/tag/wealth-tax/) - [tax raid](https://www.robinsonslondon.com/tag/tax-raid/) - [pension hike](https://www.robinsonslondon.com/tag/pension-hike/) - [stamp duty](https://www.robinsonslondon.com/tag/stamp-duty/) - [property taxes](https://www.robinsonslondon.com/tag/property-taxes/) - [social care cap](https://www.robinsonslondon.com/tag/social-care-cap/) - [scrapped](https://www.robinsonslondon.com/tag/scrapped/) - [social care cap scrapped](https://www.robinsonslondon.com/tag/social-care-cap-scrapped/) - [labour](https://www.robinsonslondon.com/tag/labour/) - [labour government](https://www.robinsonslondon.com/tag/labour-government/) - [Chancellor Rachel Reeves](https://www.robinsonslondon.com/tag/chancellor-rachel-reeves/) - [winter fuel payments](https://www.robinsonslondon.com/tag/winter-fuel-payments/) - [winter fuel](https://www.robinsonslondon.com/tag/winter-fuel/) - [pensioners](https://www.robinsonslondon.com/tag/pensioners/) - [pension lump sum](https://www.robinsonslondon.com/tag/pension-lump-sum/) - [safeguarding pensions](https://www.robinsonslondon.com/tag/safeguarding-pensions/) - [labour pensions](https://www.robinsonslondon.com/tag/labour-pensions/) - [october budget](https://www.robinsonslondon.com/tag/october-budget/) - [VAT](https://www.robinsonslondon.com/tag/vat/) - [Value Added Tax](https://www.robinsonslondon.com/tag/value-added-tax/) - [VAT basics](https://www.robinsonslondon.com/tag/vat-basics/) - [accountants](https://www.robinsonslondon.com/tag/accountants/) - [robinsons](https://www.robinsonslondon.com/tag/robinsons/) - [robinsons london](https://www.robinsonslondon.com/tag/robinsons-london/) - [probate](https://www.robinsonslondon.com/tag/probate/) - [executor](https://www.robinsonslondon.com/tag/executor/) - [will](https://www.robinsonslondon.com/tag/will/) - [estate](https://www.robinsonslondon.com/tag/estate/) - [Autumn Budget 2024](https://www.robinsonslondon.com/tag/autumn-budget-2024/) - [2024](https://www.robinsonslondon.com/tag/2024/) - [Personal tax](https://www.robinsonslondon.com/tag/personal-tax/) - [crypto](https://www.robinsonslondon.com/tag/crypto/) - [cryptocurrency](https://www.robinsonslondon.com/tag/cryptocurrency/) - [bitcoin](https://www.robinsonslondon.com/tag/bitcoin/) - [autumn budget](https://www.robinsonslondon.com/tag/autumn-budget/) - [death](https://www.robinsonslondon.com/tag/death/) - [beneficiaries](https://www.robinsonslondon.com/tag/beneficiaries/) - [gifting money](https://www.robinsonslondon.com/tag/gifting-money/) - [gifting spouse](https://www.robinsonslondon.com/tag/gifting-spouse/) - [gifting](https://www.robinsonslondon.com/tag/gifting/) - [christmas gifting](https://www.robinsonslondon.com/tag/christmas-gifting/) - [client gifts](https://www.robinsonslondon.com/tag/client-gifts/) - [christmas expenses](https://www.robinsonslondon.com/tag/christmas-expenses/) - [expenses](https://www.robinsonslondon.com/tag/expenses/) - [charitable donations](https://www.robinsonslondon.com/tag/charitable-donations/) - [gift hampers](https://www.robinsonslondon.com/tag/gift-hampers/) - [tax deductible](https://www.robinsonslondon.com/tag/tax-deductible/) - [hospitality](https://www.robinsonslondon.com/tag/hospitality/) - [tax implications](https://www.robinsonslondon.com/tag/tax-implications/) - [2025](https://www.robinsonslondon.com/tag/2025/) - [tax relief](https://www.robinsonslondon.com/tag/tax-relief/) - [preparing for 2025 tax changes](https://www.robinsonslondon.com/tag/preparing-for-2025-tax-changes/) - [Wills](https://www.robinsonslondon.com/tag/wills/) - [will writing](https://www.robinsonslondon.com/tag/will-writing/) - [charity donations](https://www.robinsonslondon.com/tag/charity-donations/) - [charity](https://www.robinsonslondon.com/tag/charity/) - [IHT](https://www.robinsonslondon.com/tag/iht/) - [IHT Exemptions](https://www.robinsonslondon.com/tag/iht-exemptions/) - [VED Tax Increase](https://www.robinsonslondon.com/tag/ved-tax-increase/) - [April 2025](https://www.robinsonslondon.com/tag/april-2025/) - [1st April](https://www.robinsonslondon.com/tag/1st-april/) - [Road Tax Increase](https://www.robinsonslondon.com/tag/road-tax-increase/) - [Road Tax](https://www.robinsonslondon.com/tag/road-tax/) - [Trusts](https://www.robinsonslondon.com/tag/trusts/) - [Gifting Properties](https://www.robinsonslondon.com/tag/gifting-properties/) - [IHT Benefits](https://www.robinsonslondon.com/tag/iht-benefits/) - [Setting up a trust](https://www.robinsonslondon.com/tag/setting-up-a-trust/) - [spring statement 2025](https://www.robinsonslondon.com/tag/spring-statement-2025/) - [budget 2025](https://www.robinsonslondon.com/tag/budget-2025/) - [budget March 2025](https://www.robinsonslondon.com/tag/budget-march-2025/) - [Chancellor](https://www.robinsonslondon.com/tag/chancellor/) - [Reeves](https://www.robinsonslondon.com/tag/reeves/) - [UK Economic growth](https://www.robinsonslondon.com/tag/uk-economic-growth/) - [higher-rate taxpayers](https://www.robinsonslondon.com/tag/higher-rate-taxpayers/) - [taxpayers](https://www.robinsonslondon.com/tag/taxpayers/) - [fiscal drag](https://www.robinsonslondon.com/tag/fiscal-drag/) - [selling online](https://www.robinsonslondon.com/tag/selling-online/) - [online tax](https://www.robinsonslondon.com/tag/online-tax/) - [selling second hand](https://www.robinsonslondon.com/tag/selling-second-hand/) - [tax obligations](https://www.robinsonslondon.com/tag/tax-obligations/) - [sellers](https://www.robinsonslondon.com/tag/sellers/) - [April 2025 Bill and Tax Price Rises](https://www.robinsonslondon.com/tag/april-2025-bill-and-tax-price-rises/) - [price rises](https://www.robinsonslondon.com/tag/price-rises/) - [april price increases](https://www.robinsonslondon.com/tag/april-price-increases/) - [1st April 2025](https://www.robinsonslondon.com/tag/1st-april-2025/) - [Tax increases](https://www.robinsonslondon.com/tag/tax-increases/) - [Cost of Living increase](https://www.robinsonslondon.com/tag/cost-of-living-increase/) - [Cost of Living increase April 2025](https://www.robinsonslondon.com/tag/cost-of-living-increase-april-2025/) - [Council tax increase](https://www.robinsonslondon.com/tag/council-tax-increase/) - [VED increase](https://www.robinsonslondon.com/tag/ved-increase/) - [broadband and mobile bills](https://www.robinsonslondon.com/tag/broadband-and-mobile-bills/) - [TV license price rise](https://www.robinsonslondon.com/tag/tv-license-price-rise/) - [cost of a first class stamp](https://www.robinsonslondon.com/tag/cost-of-a-first-class-stamp/) - [stamp price](https://www.robinsonslondon.com/tag/stamp-price/) - [stamp prices](https://www.robinsonslondon.com/tag/stamp-prices/) - [late payment interest rates](https://www.robinsonslondon.com/tag/late-payment-interest-rates/) - [state pension increase](https://www.robinsonslondon.com/tag/state-pension-increase/) - [Spring Budget 2025](https://www.robinsonslondon.com/tag/spring-budget-2025/) - [Spring Budget](https://www.robinsonslondon.com/tag/spring-budget/) - [Economic forecasts](https://www.robinsonslondon.com/tag/economic-forecasts/) - [Tax increase](https://www.robinsonslondon.com/tag/tax-increase/) - [Taxes](https://www.robinsonslondon.com/tag/taxes/) - [universal credit](https://www.robinsonslondon.com/tag/universal-credit/) - [state pension increased](https://www.robinsonslondon.com/tag/state-pension-increased/) - [state pension rises](https://www.robinsonslondon.com/tag/state-pension-rises/) - [pension increase](https://www.robinsonslondon.com/tag/pension-increase/) - [april 2025 pension rise](https://www.robinsonslondon.com/tag/april-2025-pension-rise/) - [pension credit](https://www.robinsonslondon.com/tag/pension-credit/) - [pension age](https://www.robinsonslondon.com/tag/pension-age/) - [cost of living](https://www.robinsonslondon.com/tag/cost-of-living/) - [bills increase](https://www.robinsonslondon.com/tag/bills-increase/) - [bill increases](https://www.robinsonslondon.com/tag/bill-increases/) - [price increase](https://www.robinsonslondon.com/tag/price-increase/) - [april price increase](https://www.robinsonslondon.com/tag/april-price-increase/) - [energy bills](https://www.robinsonslondon.com/tag/energy-bills/) - [water bills](https://www.robinsonslondon.com/tag/water-bills/) - [council tax](https://www.robinsonslondon.com/tag/council-tax/) - [council tax bills](https://www.robinsonslondon.com/tag/council-tax-bills/) - [broadband phone and tv license bills](https://www.robinsonslondon.com/tag/broadband-phone-and-tv-license-bills/) - [Spending Review](https://www.robinsonslondon.com/tag/spending-review/) - [the budget](https://www.robinsonslondon.com/tag/the-budget/) - [stealth tax](https://www.robinsonslondon.com/tag/stealth-tax/) - [personal allowance](https://www.robinsonslondon.com/tag/personal-allowance/) - [property tax](https://www.robinsonslondon.com/tag/property-tax/) - [tax-free lump sum](https://www.robinsonslondon.com/tag/tax-free-lump-sum/) - [autumn budget 2025](https://www.robinsonslondon.com/tag/autumn-budget-2025/) - [VAT registration threshold](https://www.robinsonslondon.com/tag/vat-registration-threshold/) - [reducing VAT registration Threshold](https://www.robinsonslondon.com/tag/reducing-vat-registration-threshold/) - [Rachel Reeves](https://www.robinsonslondon.com/tag/rachel-reeves/) - [pension Tax Relief](https://www.robinsonslondon.com/tag/pension-tax-relief/) - [Income Tax](https://www.robinsonslondon.com/tag/income-tax/) - [fuel duty](https://www.robinsonslondon.com/tag/fuel-duty/) - [child cap](https://www.robinsonslondon.com/tag/child-cap/) - [mansion tax](https://www.robinsonslondon.com/tag/mansion-tax/) - [budget implications](https://www.robinsonslondon.com/tag/budget-implications/) - [budget implications for working people](https://www.robinsonslondon.com/tag/budget-implications-for-working-people/) - [highlights of the budget](https://www.robinsonslondon.com/tag/highlights-of-the-budget/) - [rachel reeves budget](https://www.robinsonslondon.com/tag/rachel-reeves-budget/) - [budget november 2025](https://www.robinsonslondon.com/tag/budget-november-2025/) - [tax hikes](https://www.robinsonslondon.com/tag/tax-hikes/) - [cash ISA allowance](https://www.robinsonslondon.com/tag/cash-isa-allowance/) - [benefit cap](https://www.robinsonslondon.com/tag/benefit-cap/) - [pension pot](https://www.robinsonslondon.com/tag/pension-pot/) - [impact of the budget](https://www.robinsonslondon.com/tag/impact-of-the-budget/) - [budget impact](https://www.robinsonslondon.com/tag/budget-impact/) - [rachel-reeves-unveils-new-tax-rates-for-petrol-and-diesel-cars-this-april](https://www.robinsonslondon.com/tag/rachel-reeves-unveils-new-tax-rates-for-petrol-and-diesel-cars-this-april/) - [april car tax](https://www.robinsonslondon.com/tag/april-car-tax/) - [april 2026](https://www.robinsonslondon.com/tag/april-2026/) - [new tax rates](https://www.robinsonslondon.com/tag/new-tax-rates/) - [new tax rates 2026](https://www.robinsonslondon.com/tag/new-tax-rates-2026/) - [car tax rates](https://www.robinsonslondon.com/tag/car-tax-rates/) - [car tax rates 2026](https://www.robinsonslondon.com/tag/car-tax-rates-2026/) - [electric](https://www.robinsonslondon.com/tag/electric/) - [pence per mile tax](https://www.robinsonslondon.com/tag/pence-per-mile-tax/) - [business rates](https://www.robinsonslondon.com/tag/business-rates/) - [15% business rates cut](https://www.robinsonslondon.com/tag/15-business-rates-cut/) - [rates cuts for pubs](https://www.robinsonslondon.com/tag/rates-cuts-for-pubs/) - [pubs](https://www.robinsonslondon.com/tag/pubs/) - [business rates freeze](https://www.robinsonslondon.com/tag/business-rates-freeze/) - [Bill freeze](https://www.robinsonslondon.com/tag/bill-freeze/) - [what are business rates](https://www.robinsonslondon.com/tag/what-are-business-rates/) - [inheritance tax trap](https://www.robinsonslondon.com/tag/inheritance-tax-trap/) - [insurance](https://www.robinsonslondon.com/tag/insurance/) - [insurance renewal](https://www.robinsonslondon.com/tag/insurance-renewal/) - [save money](https://www.robinsonslondon.com/tag/save-money/) - [money saving tip](https://www.robinsonslondon.com/tag/money-saving-tip/) - [money saving tips](https://www.robinsonslondon.com/tag/money-saving-tips/) - [insurances](https://www.robinsonslondon.com/tag/insurances/) - [compare insurances](https://www.robinsonslondon.com/tag/compare-insurances/) - [can I save money on insurance](https://www.robinsonslondon.com/tag/can-i-save-money-on-insurance/) - [auto renewals](https://www.robinsonslondon.com/tag/auto-renewals/) - [renewals](https://www.robinsonslondon.com/tag/renewals/) - [insurance renewals](https://www.robinsonslondon.com/tag/insurance-renewals/) - [gas bills](https://www.robinsonslondon.com/tag/gas-bills/) - [tax bills](https://www.robinsonslondon.com/tag/tax-bills/) - [broadband bills](https://www.robinsonslondon.com/tag/broadband-bills/) - [phone bills](https://www.robinsonslondon.com/tag/phone-bills/) - [council tax hikes](https://www.robinsonslondon.com/tag/council-tax-hikes/) - [april price hikes](https://www.robinsonslondon.com/tag/april-price-hikes/) - [april bill hikes](https://www.robinsonslondon.com/tag/april-bill-hikes/) - [tax year 2025/2026](https://www.robinsonslondon.com/tag/tax-year-2025-2026/) - [reporting](https://www.robinsonslondon.com/tag/reporting/) - [tax reporting](https://www.robinsonslondon.com/tag/tax-reporting/) - [dividends reporting](https://www.robinsonslondon.com/tag/dividends-reporting/) - [dividends rules](https://www.robinsonslondon.com/tag/dividends-rules/) - [shareholding](https://www.robinsonslondon.com/tag/shareholding/) - [shareholding disclosure](https://www.robinsonslondon.com/tag/shareholding-disclosure/) - [dividends withdrawals](https://www.robinsonslondon.com/tag/dividends-withdrawals/) - [company profits](https://www.robinsonslondon.com/tag/company-profits/) - [dividend reclassification](https://www.robinsonslondon.com/tag/dividend-reclassification/) - [directors loans](https://www.robinsonslondon.com/tag/directors-loans/) - [Landlord Tax Avoidance Loopholes](https://www.robinsonslondon.com/tag/landlord-tax-avoidance-loopholes/) - [tax loopholes](https://www.robinsonslondon.com/tag/tax-loopholes/) - [landlords](https://www.robinsonslondon.com/tag/landlords/) - [holiday lets](https://www.robinsonslondon.com/tag/holiday-lets/) - [holiday let tax](https://www.robinsonslondon.com/tag/holiday-let-tax/) - [capital Gains Tax relief](https://www.robinsonslondon.com/tag/capital-gains-tax-relief/) - [mortgage interest restrictions](https://www.robinsonslondon.com/tag/mortgage-interest-restrictions/) - [mortgage](https://www.robinsonslondon.com/tag/mortgage/) - [holiday tax](https://www.robinsonslondon.com/tag/holiday-tax/) - [holiday tax levy](https://www.robinsonslondon.com/tag/holiday-tax-levy/) - [holidays in the uk](https://www.robinsonslondon.com/tag/holidays-in-the-uk/) - [overnight stay tax](https://www.robinsonslondon.com/tag/overnight-stay-tax/) - [UK overnight tax](https://www.robinsonslondon.com/tag/uk-overnight-tax/) - [UK holiday tax](https://www.robinsonslondon.com/tag/uk-holiday-tax/) - [council tax levy](https://www.robinsonslondon.com/tag/council-tax-levy/) - [extra holiday costs in the UK](https://www.robinsonslondon.com/tag/extra-holiday-costs-in-the-uk/) - [overnight tax levy](https://www.robinsonslondon.com/tag/overnight-tax-levy/) - [overnight visitor tax](https://www.robinsonslondon.com/tag/overnight-visitor-tax/) - [UK breaks tax](https://www.robinsonslondon.com/tag/uk-breaks-tax/) - [Inheritance Tax on Pensions from April 2027](https://www.robinsonslondon.com/tag/inheritance-tax-on-pensions-from-april-2027/) - [wealth planning](https://www.robinsonslondon.com/tag/wealth-planning/) - [planning](https://www.robinsonslondon.com/tag/planning/) - [wealth](https://www.robinsonslondon.com/tag/wealth/) - [pension funds](https://www.robinsonslondon.com/tag/pension-funds/) - [Inheritance Tax Reforms](https://www.robinsonslondon.com/tag/inheritance-tax-reforms/) - [reforms](https://www.robinsonslondon.com/tag/reforms/) - [APR](https://www.robinsonslondon.com/tag/apr/) - [BPR](https://www.robinsonslondon.com/tag/bpr/) - [AIM Relief](https://www.robinsonslondon.com/tag/aim-relief/) - [Business Owners](https://www.robinsonslondon.com/tag/business-owners/) - [inheritance tax loophole](https://www.robinsonslondon.com/tag/inheritance-tax-loophole/) - [loophole](https://www.robinsonslondon.com/tag/loophole/) - [surplus income exemption](https://www.robinsonslondon.com/tag/surplus-income-exemption/) - [inheritance tax receipts](https://www.robinsonslondon.com/tag/inheritance-tax-receipts/) - [UK Tax Updates](https://www.robinsonslondon.com/tag/uk-tax-updates/) - [tax updates](https://www.robinsonslondon.com/tag/tax-updates/) - [tax July 2026](https://www.robinsonslondon.com/tag/tax-july-2026/) - [HMRC compliance](https://www.robinsonslondon.com/tag/hmrc-compliance/) - [property owners](https://www.robinsonslondon.com/tag/property-owners/) - [tax planning](https://www.robinsonslondon.com/tag/tax-planning/) - [Tax Xhanges](https://www.robinsonslondon.com/tag/tax-xhanges/) - [2026](https://www.robinsonslondon.com/tag/2026/) - [National minimum wage](https://www.robinsonslondon.com/tag/national-minimum-wage/) - [dividend tax rates](https://www.robinsonslondon.com/tag/dividend-tax-rates/)