Tag Archives: tax advice newcastle

Spanish homeowners – changes to EU tax liabilities

spain

For tax professionals, the idea of escaping to some Spanish sun in January is a pipe dream, even in non-Covid times, as we grapple with the personal tax return submission deadline.   And with Spain on the brain, we are advising clients to be aware of changes to EU tax […]

What are employer Christmas gift tax rules?

employer christmas gift tax

Many employers like to reward their employees at Christmas – whether it be a party (and/) or a gift. However, the tax office is for life, not just for Christmas and unwary employers can fall foul of tax rules if the gifts aren’t of the correct sort and cost. The […]

Proposed Changes to Capital Gains Tax

Capital Gains Tax

COVID-19 has borne witness to increased public spending on an unprecedented scale.  It has been estimated the UK is facing an annual bill of more than £300 billion to cover the cost of measures such as the furlough and self-employed support schemes. Earlier this year, Chancellor of the Exchequer Rishi […]

Letter from the Tax Office?

Letter from HMRC

We have been advised that HMRC is sending computer generated letters to taxpayers when the submitted 2019 personal tax return contains information that differs from the information held by HMRC.   HMRC uses data from many sources to cross check information reported on self- assessment tax returns. It could open […]