Sinclair Day

April 11, 2019

Capital expenditure for property businesses

There are different rules which apply to different types of capital expenditure for a property business. One of the main areas to consider in deciding whether a repair is a deductible expense is whether it is revenue or capital. Capital expenditure
April 10, 2019

Late filing penalty notices delayed

In an agent update published earlier this year HMRC wrote that as part of EU Exit contingency planning, a change would be made to the timings for sending notification of Self Assessment penalties. The £100 penalty notices are normally issued in
April 10, 2019

Child Benefit Tax Charge

The High Income Child Benefit charge applies to taxpayers whose income exceeds £50,000 in a tax year and who are in receipt of child benefit. The charge claws back the financial benefit of receiving child benefit either by reducing or removing the
April 10, 2019

Latest advice from government if we leave the EU

The chances of a no-deal Brexit appear to grow stronger and weaker at the same time and there is a small chance by the time this article is published that the UK may have left the EU by default. In a pamphlet recently published by the government we