There are a number of reliefs available to owners or tenants of smaller business premises. This article lists a number that can be claimed.   Small business rate relief:   You’ll get 100% relief (doubled from the usual rate of 50%) until 31 March 2015 for properties with a rateable value of £6,000 or less. This means you won’t pay business rates on properties with a rateable value of

  Readers will be interested, and gratified to hear that HMRC will always treat you as honest. The following is an extract from HMRC’s “Your Charter” which states:   Your rights – What you can expect from us:   Respect you Help and support you to get things right Treat you as honest Treat you even-handedly Be professional and act with integrity Tackle people who deliberately break the rules and

  It is estimated that seven out of ten small businesses are managed in the first instance from home. Home based entrepreneurs contribute £300 billion to the UK economy. It is not surprising, therefore, that the Government have woken up and realised that they should be supporting this sector.   Recently, the Business Minister, Matthew Hancock, announced a package of additional support for home based business owners. They include:  

Penalty for just one day Consider the following facts:   The filing deadline for a Stamp Duty Land Tax return was a Sunday. A member of the advisor’s staff forgot to file the return by the end of the Friday – two days before the deadline.   Realising their mistake, the staff member took the file home with the intention of filing over the weekend.   Due to problems with

Discontinuance of trade and the Annual Investment Allowance (AIA) In a recently decided tax case a self-employed air conditioning engineer, David Keyl, was denied a claim for AIA. He had purchased a van in July 2008 and on 31 March 2009 (the end of his trading year) he transferred his sole trader business to a limited company. Unfortunately, the legislation setting up the AIA includes a provision that relief will

Replacement of “white goods” and similar items in unfurnished, let property This reminder will affect landlords of unfurnished let property who are considering the replacement of standalone white goods (fridges etc) and similar items. Following the withdrawal of a tax concession from April 2013, there is effectively no tax relief for the replacement of defective, free-standing white goods in unfurnished properties. In some respects this absence of relief is difficult