Running a home office – can you claim on 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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VAT on Residential Property Projects

VAT on residential property projects

‘I’m starting a project converting and improving a run-down property for residential letting purposes. My builder says he must charge me 20% VAT as he is VAT registered.  Is this correct?’ In some cases your builder would be correct; however in many situations you should actually be charged a reduced rate of VAT, at 5% or even […]

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Key points and changes from the Autumn 2017 Budget

Autumn budget 2017

Property First-time buyers now will not pay any stamp duty on properties up to £300,000, and for London, the first £300,000 on properties up to £500,000 will be exempt. This can be a significant saving for first time buyers, benefiting almost all first-time buyers. Councils have been given power to charge 100% council tax premiums […]

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