Jointly Held Property – Splitting Income Using Form 17

By Natalie Ford

Jointly Held Property – Splitting Income Using Form 17   Land ownership Two or more persons may hold legal title to land (which includes buildings attached to it – referred to for convenience as real estate) only as joint tenants; however, beneficial ownership of real estate may be held either as joint tenants or tenants…

HMRC give September deadline for bad debt collection

By Natalie Ford

HMRC give September deadline for bad debt collection HMRC have published its policy document, ‘Collecting tax debts as we emerge from coronavirus (COVID-19)’. It warns that should companies or individuals ignore HMRC, the agency would initiate enforcement action after a September 2021 deadline. The policy document outlines its process in handling Outstanding debt to HMRC.…

EU VAT E-Commerce Package

By Natalie Ford

EU VAT E-Commerce Package The EU VAT e-commerce package will be introduced on 1 July 2021 and will impact businesses that supply:   Low-value (below €150) goods to Northern Ireland (NI) or the EU from outside of the EU or NI. This includes goods sent from Great Britain (GB): England, Scotland and Wales. Goods from…

Employer NICs Relief for Veteran

By Natalie Ford

Employer NICs Relief for Veterans From 6 April 2021, when a veteran enters into their first civilian employment after leaving HM Armed Forces, their employer will be able to claim relief for secondary National Insurance Contributions (NICs). Qualifying criteria: The relief is available for the first 12 consecutive months of civilian employment only. There is…

Handpicked Accountants Network

By Natalie Ford

Neal Ford Chartered Accountants joins Handpicked Accountants   The Neal Ford Accountancy team are delighted to announce that we are now part of the Handpicked Accountants network. Handpicked Accountants is a distinguished online platform that is home to the best performing accountants across the country. Selected with care, each accountant is assessed against criteria established…

HMRC and Airbnb Collaborate

By Natalie Ford

HMRC will know about landlord lettings through Airbnb, so full disclosure of all your taxable property income is essential, including for all prior years.  The Airbnb UK accounts for the year to 31 December 2019 include a statement that the company will share data with HMRC about the earnings of hosts on its UK platform in the years 2017/18…

Load more