Blog
R&D Procedural Changes
In this blog we look at a number of procedural changes that will come into force from April 2023 designed to ‘tighten up’ on the current R&D regime.
Capital allowances and furnished holiday lettings
In this blog we take a look at one of the tax advantages of renting out property as a Furnished Holiday Let.
Private Equity - What is Carried Interest and how is it taxed?
In this blog we take a look at what Private Equity Carried Interest (or Carry as it is also known) is and how it is treated for tax purposes.
Treating deposits from tenants correctly for tax purposes
In this blog we look at how security deposits and holding deposits should be treated in landlords’ tax returns.
New VAT penalties from 1 January 2023
Find out about new VAT penalties and interest charges that will apply for VAT periods starting on or after 1 January 2023.
Keeping the Christmas party tax-free
In our latest blog we ask (and answer): how can you celebrate the festive season without triggering a tax liability in the process?
Autumn Statement Tax Highlights
In this blog, we summarise the main tax changes announced at yesterday’s Autumn Statement.
Submitting VAT Returns via MTD
In this blog, we show you how to enrol with HMRC online so that you can submit VAT returns using MTD approved software.
Update on the Mini Budget
Jeremy Hunt took over as the new chancellor and issued an Emergency Statement that reversed a lot of the mini-budget measures. We take a look at the tax changes that have been announced.
Mini Budget Summary
The government has announced its Growth Plan including many of the much-anticipated tax cuts designed to stimulate the economy.
Authorising your accountant with HMRC for capital gains tax on UK property
We provide a step-by-step guide to the process for an individual needing to file a capital gains tax on UK property return and authorising accountants to complete the return on behalf of clients.
Upcoming Tax Changes for Companies
In this blog, we take a look at three main tax changes that come into effect on 1 April 2023 for companies and outline what action can be taken to ensure companies are being tax efficient given the changes that are coming into effect.
Deferring Capital Gains Tax when Selling or Gifting Business Assets
In this blog, we look at the potential to claim tax relief to defer certain capital gains to a later date when business assets are sold or given away.
Leasing of Cars and Equipment
In this blog, we take a look at how different types of lease and finance are treated for tax purposes.
Business Entertaining
In this blog, we take a look at the tax implications of entertaining and give some guidance through the maze of rules in this area.
Tax Deductions for Travel and Subsistence Expenses
In this blog, we take a look at the rules around tax relief for travel and subsistence expenses for the self-employed, company directors and for employees.
Capital Gains Tax on Divorce - Rule Changes from April 2023
The Government is introducing draft legislation that contains two important capital gains tax changes that apply to separating and divorcing couples.
Spring Statement 2022 - A Summary
In our latest blog, we summarise the main points from today’s Spring Statement.
Year-End Tax Planning
With the end of another tax year on the horizon, we outline some tax tips to help ensure individuals utilise their tax allowances and maximise their tax efficiency.
Happy New Year! What about 31 January?
Happy New Year from TN Accountancy! We hope you had a lovely Christmas break. Once we have ushered in the new year, a lot of us turn our attention to the dreaded Self-Assessment tax return.