One of my favourite quotes from the Bush II administration (and there were a few) is the famous quote from then Secretary of Defence, Donald Rumsfeld who famously said: "Reports that say that something hasn't…
Friday Afternoon Meanderings; What Is The Future of The Company Car Benefit?
It's not often I get nostalgic, but every once in a while, I harken back to my days in the Revenue (now "HMRC") and in practice as a tax consultant; to a time when the…
Brain Teaser For The Self Employed – Thinking of Retiring?
My regular readers will know that I like to ponder out loud, my meandering musings in my blogs, so they won't be surprised I've come up with another quick quiz: Are you self-employed? If so,…
Claiming Tax Relief for Working From Home Expenses Just Got Easier….!
To assist taxpayers, HMRC has launched an online portal for the making of working from home expenses incurred during the pandemic. From 6 April 2020, employees can claim a tax-free amount of £6 a week…
Self-Employed Granted Furlough Extension
Two further grants under the SEISS were announced in September and have now been updated. Following the announcement last week, of a second lockdown, the government’s new package of support measures announced in the Chancellor’s…
Winter Blues: Furlough Scheme Version 2.0
With the announcement of another national lockdown, the furlough scheme has been extended for a further month from 1 November until 2 December. The extension of financial support under the Coronavirus Job Retention Scheme (CJRS)…
What Now, Autumn Budget?
So, the Autumn Budget has been pushed into spring 2021, with tax rises on the cards. What should we expect in the Spring Budget? With intense speculation around tax rises to pay for the raft…
HMRC Related Scamming On The Rise
Given the amount of Covid-19 financial assistance available, it comes as no surprise that there is an increase in HMRC-related scams this year. What is worrying is that scammers have become more sophisticated; it is…
Pop Quiz on Capital Gains Tax
HMRC has published some interesting research into capital gains tax (CGT). Here are three CGT questions for you to ponder: How many individuals made enough capital gains in 2018/19 to face a CGT bill? The…
ICO Publishes Detailed Guidance on Subject Access Requests
Following a recent consultation (December 2019), the Information Commissioner's Office has published its new detailed guidance on the Right of Access, Click here for further information on the background to the changes and modifications. Photo…