Keep up to date with the latest news and information from UHY Torgersens in Sunderland, Newcastle and Jarrow.
Making use of gift exemptions for IHT
June 18, 2019
According to a recent survey undertaken on behalf of HMRC, only 25% of people making financial gifts have a working knowledge of inheritance tax (IHT) rules surrounding such payments.
June 13, 2019
In this month’s Q&A we consider when the costs of staff social events are tax deductible, Stamp Duty Land Tax on a principal private residence and accounting year-end dates.
MTD for VAT: HMRC’s guidance updated
June 5, 2019
HMRC have published an updated version of their guidance for businesses on Making Tax Digital for VAT. In particular, the guidance now includes information on how businesses should deal with petty cash transactions.
Construction Industry: be prepared for the VAT Reverse Charge
May 30, 2019
In response to increasing VAT fraud affecting the construction industry the government is introducing this new measure on 1 October 2019.
UHY Torgersens renews partnership with Durham Cathedral’s Foundation 2020 initiative
May 28, 2019
UHY Torgersens is delighted to confirm that it will continue as a partner of Durham Cathedral’s Foundation 2020 initiative for the next year.
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.