New rent-a-room relief rules

Nov 15, 2018 | General

In July 2018 HMRC proposed new legislation to limit the circumstances in which rent-a-room relief can be claimed. When and how will the new restriction apply? Rent-a-room recap Rent-a-room relief (RARR) allows anyone who lets all or part of their homes, say to a...

Changes to VAT Flat Rate Scheme

Mar 17, 2017 | VAT

Significant changes have been announced for the amount of VAT that many small businesses will have to pay. This will affect businesses that use the VAT Flat Rate Scheme but which spend very little on goods, including raw materials – such as firms providing...

HMRC’s spin on the new EA rules

May 17, 2016 | General

One-man companies can no longer qualify for the employment allowance (EA). However, the latest official guidance indicates that this rule may be easy to dodge. What’s the full story? Tax on employers The employment allowance (EA) was introduced in April by the...

VAT MOSS – Where are we now?

May 16, 2016 | Business Finance, General, VAT

HMRC’s mini one stop shop (MOSS) for accounting for VAT on digital services sold in other EU countries seems to have settled down. HMRC has also simplified the rules for some businesses. How might these changes affect you? Digital services Since 1 January 2015,...