Agricultural Property Relief

Agricultural property tax relief

APR is an Inheritance Tax relief that is based on the agricultural value of qualifying agricultural property when it is transferred, either in lifetime or on death. Provided such property is situated in the UK, Channel Islands, the Isle of Man or the European Economic area, the following assets may qualify for APR: agricultural land […]

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Restarting a non-trading or dormant company

Reopening a dormant company

You must tell HM Revenue and Customs (HMRC) if your non-trading or dormant limited company starts trading again. You’ll also need to put together statutory accounts and Company Tax Returns after your company’s year-end. You must register your company with HMRC if it hasn’t traded before. Tell HMRC that your business has restarted trading by registering for Corporation Tax Send accounts […]

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Running a home office – can you claim on expenses?

Working from home - claiming expenses

As more and more people choose to work from home, the question of how you can reclaim any home office expenses is frequently asked. The general HMRC rule for claiming tax relief on business expenses is that you can only reclaim costs that have been ‘wholly and exclusively’ incurred in connection with your trade. If […]

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Auto Enrolment Becomes Business as Usual

Are you ready

Since 1st October 2017, every employer in the UK now must place certain staff into a pension scheme and contribute towards it. Until now, there has been a roll-out programme in place – slowly bringing employers into Auto Enrolment by reference to a future ‘staging’ date. For existing employers, the final staging dates will be February […]

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