by Stapletons | Oct 3, 2019 | Tax, Personal finances
Self-assessment season always kicks off at Stapletons as soon as the new tax year gets under way on 6 April. While it’s our preference to sort tax returns for our clients as early as possible, a raft of relevant self-assessment deadlines are almost upon us. This...
by Stapletons | Sep 9, 2019 | Government announcements, Running a business, Tax
Reverse charge VAT delayed Reverse charge VAT for construction services is scheduled to come in from 1 October 2020. This was originally planned to come in 12 months’ earlier, and just six months after MTD for VAT. The new measure will apply to any work that...
by Stapletons | Aug 5, 2019 | Tax, Personal finances
Only around 5% of estates in the UK are liable for inheritance tax before being distributed to any beneficiaries or causes. That may sound like very few, but it should have been a key consideration for around 24,500 estates that had it deducted in 2015/16. Those...
by Stapletons | Jul 3, 2019 | Tax, Running a business
Remember Making Tax Digital (MTD) – the Government’s flagship scheme to modernise tax collection on behalf of the Treasury? It’s hard to believe three months have passed since the scheme came into force for VAT-registered businesses with annual taxable turnover of...
by Stapletons | Jun 3, 2019 | Personal finances, Tax
Around one in 20 residential properties in Devon are classed by the Government as second homes, with the majority of those let out to holidaymakers. Some Devonians recognise the benefits second homes have on the local economy, while others want to prevent them driving...
by Stapletons | May 3, 2019 | Running a business, Tax
It’s no secret that Devon and Cornwall are hotbeds for landlords with residential portfolios. Dig a little deeper and you will find many of those buy-to-let landlords are having to adapt to a raft of recently introduced tax measures. Mortgage interest relief Changes...
