The importance of submitting Capital Allowances expenditure to HMRC before the 31st January deadline.

A significant portion of our Capital Allowances client base are individuals or partnerships who own commercial properties, as such, January is a very important month in our calendar year. Below we will explain why. Individuals all have tax returns ending 5th April, and these tax returns must be submitted to HMRC by the following 31st January....
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Different benefit options available for your R&D tax relief benefit..

Benefit Options There are a number of different factors that go into determining the benefit option for your R&D tax relief benefit, such as the business’ financial position, what scheme they are claiming under (SME or RDEC), as well as the client’s wishes in certain scenarios. They could receive it as a cash payment, a Corporation Tax....
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New 30 day CGT regime for residential property disposals PART 3 OF 3

Amending the ReturnWhere the capital gains tax UK property disposals return is later found to be incorrect, it is possible to submit an amendment, but this cannot be amended online. Instead, you are recommended to contact HMRC.The capital gains tax UK property disposals return cannot be amended once the self assessment tax return for that year....
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Demergers ...... Is it time to split?

Businesses often grow and expand over a period of time to later find that not all shareholders or directors are aligned anymore in terms of the overall direction or growth strategy of the company. Most will be owner-managed or family businesses that have grown such that different people are responsible for separate departments or types of business.....
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New 30 day CGT regime for residential property disposals PART 2 OF 3

PAYMENT OF CGT As well as submitting a capital gains tax UK property disposals return within 30 days following the date of completion, the taxpayer should make a ‘payment on account’ in respect of the disposal. This payment deadline applies unless: the disposal results in a loss ― which means no tax is payable; the amount....
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