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VAT – reduced rate on energy-saving products to increase
The Court of Justice of the EU has ruled that the 5% rate should be restricted to installations which are part of a social policy such as social housing projects and should...
National insurance in France or any other EU country and vice versa.
If you employ an individual who is resident in another EU country, even if you have no place of business there, you will find that you have to account for social security...
Loss of interest relief on let properties
With effect from 6 April 2017 interest relief will be restricted so that by the year commencing 6 April 2020 there will only be basic rate relief for interest paid on a...
Forced heirship rules
New rules were introduced by the European Commission on 17 August which allow individuals in EU states to choose whether their foreign assets are governed by local succession...
Gross interest
With the introduction of a nil rate band of £1,000 savings income (not dividends) from 6 April 2016 for basic rate taxpayers and a nil rate band of £500 for higher rate...
LET’S GET FISCAL! 40 MILE SOUTHDOWN’S PLOD CHALLENGE!
It's midnight. Most people are asleep. But not the Lewis Brownlee team. ‘LET’S GET FISCAL’. At midnight on the 16th July 2016 our colleagues (left to right) Jana, Ryan, Jayne,...
Capital gains tax and gardens
Principal private residence relief HMRC accept that the garden or garage need not be adjacent to the property, but it is clearly necessary to be able to show that the gardens,...
Short-life asset elections
With the annual investment allowance (AIA) reducing to £200,000 with effect from 1 January 2016 it might be worth considering ‘de-pooling’ elections for expenditure in excess...
Determinations under self-assessment
If you are issued with a notice to file a self-assessment tax return and do not file it on time HMRC can issue a determination of your tax liability within three years of the...