Sinclair Day

September 28, 2017

How to make the most of tax losses

There are a number of tax reliefs available for self-employed taxpayers that make a loss carrying on their trade, profession or vocation (collectively referred to as a ‘trade’) and for their share of partnership losses. For the 2016-17 tax year,
September 28, 2017

What’s included in the charge to Stamp Duty Land Tax?

There have been many changes to the way stamp duty land tax (SDLT) and equivalent regional taxes are charged in recent years. This has included changes to the way in which SDLT is calculated for residential property purchases from 4 December 2014.
September 25, 2017

Tax Diary October/November 2017

1 October 2017 - Due date for Corporation Tax due for the year ended 31 December 2016. 19 October 2017 - PAYE and NIC deductions due for month ended 5 October 2017. (If you pay your tax electronically the due date is 22 October 2017.) 19 October
September 21, 2017

Pension money purchase allowance reduction 2017-18

One of the measures announced in the March 2017 Budget was the reduction in the annual Money Purchase Allowance (MPAA) from £10,000 to £4,000. This measure was subsequently dropped from the pre-election Finance Bill, but as expected, has now been