Keep up to date with the latest news and information from UHY Torgersens in Sunderland, Newcastle and Jarrow.
Q&A May 2019
May 14, 2019
In this month's Q&A we discuss correcting errors on VAT returns, inheritance tax gifts, and limited companies vs sole traders.
Taxpayer wins IR35 challenge
May 7, 2019
HMRC have recently lost another high-profile IR35 case as Kaye Adams, the presenter of ITV's Loose Women, successfully challenged her employment status.
Should I register voluntarily for VAT?
April 29, 2019
Even if your annual turnover is less than £85,000 per annum, don’t just assume that VAT registration is not for you. There are many advantages to being registered, most of which outweigh the well-known disadvantages.
Probate ‘tax’ introduction from April 2019
April 25, 2019
The new rates take effect from April 2019, and range between £250 and £6,000, depending on the value of the estate.
April 15, 2019
This month we look at changes to payslips concerning temporary employees, backdating VAT claims and paying inheritance tax on the proceeds of a sale.
Employee mileage allowances
April 9, 2019
There is often confusion over differing tax treatments of mileage allowances paid to employees using their own cars for business and those provided with a company car.
Why should you regularly review your will
April 3, 2019
Many people think that making a Will is a tick box exercise and once you have done it you can happily go about your business thinking everything is OK. The following points, however, illustrate why regularly reviewing and potentially updating your Will can be vitally important.
March 25, 2019
This month we consider equalising asset values to reduce CGT liability, reclaiming VAT on a car bought for business use and tax ‘holiday relief’ relating to investment properties.
HMRC systems error revealed – have you paid the right amount this year?
March 25, 2019
The system for assessing and collecting tax is so huge and complex that it is not surprising that faults arise from time to time.