VAT FLAT RATE SCHEME- ATTENTION POINTS The VAT flat Rate Scheme has been introduced by HMRC to ease down the administrative burden of filing the quarterly VAT return or so-called standard VAT return for small businesses. It is designed to simplify the sales and purchase records rather than to offer a [...]

VAT ON COMMERCIAL PROPERTY- FACTS TO BE CONSIDERED VAT Exempt: While exempt of sale or lease of commercial property from VAT may sound good in one context, it’s considerably significant when a vendor or landlord makes an exempt supply of a property as they left unable to recover VAT incurred on [...]

COMMERCIAL PROPERTY AND RENTAL INCOME TAX IMPLICATIONS IN THE UK. UK business property can be an alluring venture choice, yet it is imperative to comprehend the duty outcomes. A series of changes have been witnessed during the recent time to the taxation of UK property- the significant exception being the non-resident [...]

Non UK Resident selling properties in UK and capital gain tax issues. In the 2017 Autumn Budget, Chancellor Philip Hammond makes it mandatory for non-resident investors in the UK to pay all types of taxes of UK real estate on disposal of immovable UK property or land from 6 April, 2019. [...]

The Advertising Standards Authority (ASA) has ruled against misleading advertising of contractor loan schemes by scheme promoter, Williams Gordon. read full article, here... https://www.gov.uk/guidance/contractor-loan-schemes-misleading-advertising-spotlight-42?utm_source=HMRCLinkedIn&utm_medium=OwnedLinkedIn