Sinclair Day

January 31, 2018

Reasonable excuse for late filing of your tax return

Taxpayers that have not yet filed their 2016-17 self-assessment returns will have been charged an automatic £100 penalty for late submission. The penalty applies from 1 February 2018 even if no tax was due or the tax due was paid on time. In some
January 31, 2018

Nominating a home for tax purposes

As a general rule there is no CGT payable on the disposal of a property which has been used as the main family residence. Conversely, an investment property which has never been used will not qualify for relief. This relief from CGT is commonly known
January 31, 2018

A reminder to consider a carry back of charitable contributions

Donations to charity over the course of a tax year can add up and taxpayers must ensure they keep a proper record of all donations to record them on their tax return. Donations that are made through the Gift Aid scheme allow for the recipient charity
January 29, 2018

Businesses urged to prepare for stronger data protection laws

Following the publication of new government research which shows that fewer than half of businesses are aware of forthcoming new data protection laws, the government has urged businesses to act to make sure the personal data they hold is secure and