Tax data Card

April 12, 2017

Please click below for a pdf version of our tax data card containing all the basic tax rates and data.

D.R.E. & Co. Tax card 2017-18

News

April 11, 2016

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11-10-2017
Do you pay tax on assets or cash you inherit?

Do you pay tax on assets or cash you inherit?

As a general rule, inheritance tax (IHT) is collected from a person’s estate when they die and can also be payable during a person’s lifetime on certain trusts and gifts. There is normally no tax to be paid if the value of the estate is below the IHT ... read more

11-10-2017
Tax implications on divorce or separation

Tax implications on divorce or separation

When a couple is separating or divorced it is unlikely that they are thinking about the tax implications. However, as the dust begins to settle it is important that the tax consequences of the break-up are given proper consideration. Whilst income ... read more

11-10-2017
Land Registry property alert service

Land Registry property alert service

HM Land Registry's property alert service is a free (for up to 10 registered properties) service to help protect property from fraud. The counter-fraud security measure was introduced by the Land Registry to monitor registered properties, where there ... read more

11-10-2017
Check your National Insurance record online

Check your National Insurance record online

HMRC offers an online service to check your National Insurance record online. In order to use the service, you will need to have a Government Gateway account. If you don’t have an account, you can apply to set one up online. By signing in to the ... read more

11-10-2017
Employing someone to work in your home

Employing someone to work in your home

When you employ someone to work in your home, it is your responsibility to meet their employee's rights and deduct the correct amount of tax from their salary. This can include domestic staff such as a nanny, housekeeper, gardener or carer. The rules ... read more

11-10-2017
Capital allowances when you sell an asset

Capital allowances when you sell an asset

Capital allowances is the term used to describe the tax relief businesses can claim on certain capital expenditure and thereby reduce the amount of their taxable profits. Most ‘capital’ items, such as equipment, vehicles, machinery etc, last for a ... read more

04-10-2017
Christmas party and other social events

Christmas party and other social events

In a recent newsletter we looked at the tax implications of giving Christmas gifts to your staff and the complications that can arise. In this newsletter, we will take a look at the tax breaks available for staff Christmas party or similar annual ... read more

04-10-2017
Landlords’ finance charges restrictions

Landlords’ finance charges restrictions

The government’s move to restrict the tax relief landlords receive on finance charges started to take effect from April this year. This is the first year that finance charges are being restricted. The tax relief on mortgage costs used to buy ... read more

04-10-2017
Self-Assessment e-filing deadline

Self-Assessment e-filing deadline

As existing Self-Assessment tax filers will be aware, the deadline for online submission of your 2016-17 Self-Assessment tax return is 31 January 2018. This is also the date that the payment is due for the balance of any Self-Assessment liability for ... read more

04-10-2017
Benefits and limitations of the VAT Flat Rate Scheme

Benefits and limitations of the VAT Flat Rate Scheme

The VAT Flat Rate scheme (FRS) has been designed to simplify the way a business accounts for VAT, and in so doing, reduces the administration costs of complying with the VAT legislation. Using the FRS, you simply pay VAT as a fixed percentage of ... read more

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