Reporting Capital Gains on UK Residential Property

Reporting Capital Gains on UK Residential Property

There are changes coming into force from 6 April 2020 on the reporting of disposals of UK residential property to HMRC. Capital gains will have to be reported using HMRC’s online, real-time service within 30 days of completion of the sale. An estimate of the tax due...
Capital allowances on an office fit out

Capital allowances on an office fit out

Great news! That shiny new office fit out as well as looking amazing can also save you some tax! Most people are aware that they get tax deductions for what is deemed a ‘repair’ and goes through their profit and loss account. But what about the extensive investment in...
What Does HMRC Know About You?

What Does HMRC Know About You?

In today’s connected world, it is all too easy to retrieve information about our lives. Did you know that HMRC can check and compare information about you, which includes what you are posting on social media? If it looks like you are living a lavish lifestyle that...
Business Entertaining – VAT & Corporation Tax

Business Entertaining – VAT & Corporation Tax

Over the festive period, most businesses will have enjoyed some time out with their employees at Christmas parties. Often, such events can also involve entertaining customers and suppliers. However, there can be some confusion when it comes to claiming VAT and...
2019 – The Year in Review

2019 – The Year in Review

And in the blink of an eye, another year has gone and somehow, we’re in 2020! 20 years since we ushered in the start of a new Millennium and 16 years since Charnwood Accountants was launched. 2019 was a busy year for us all at Charnwood Accountants and so we thought...