House prices fall 0.5% in June, should we be concerned?

House prices fall 0.5% in June, should we be concerned?

As the stamp duty holiday is ending, it is interesting to look at the effects which this has had on house prices across the UK. The holiday was introduced on 8 July 2020 after concerns were raised regarding the property market after coming out of the pandemic. This...
VAT Deferral: New Payment Scheme

VAT Deferral: New Payment Scheme

VAT Deferral: New Payment Scheme How can I opt-in to the new payment scheme? How many instalments can I pay my deferred VAT in? I am having difficulty using the online service, what can I do? What if I am still not able to pay my deferred VAT? If you deferred VAT...
Capital Gains Tax: payment for property disposal

Capital Gains Tax: payment for property disposal

Capital Gains Tax (CGT) is a form of taxation which is put on the sale of a non-inventory asset. If you have sold or disposed of a UK residential property (including part interest in one) after April 2020, you may need to report this and pay Capital Gains Tax (CGT)...
First Homes: guidance and eligibility

First Homes: guidance and eligibility

The First Homes scheme involves the building of new homes specifically to be sold at a discount. However, these homes are otherwise intended to be of similar specification to full-price homes. These homes will then be put on the market at a discount of at least 30%....
SEISS: should you change your accounting date to save tax?

SEISS: should you change your accounting date to save tax?

The SEISS allowed self-employed individuals and partnerships to receive taxable grants if their business has been adversely affected by the coronavirus pandemic. The first three grants were given in the tax year 2020/2021, although the profits which the SEISS grants...
SEISS Fourth Grant – Am I Eligible & How Much Can I Claim?

SEISS Fourth Grant – Am I Eligible & How Much Can I Claim?

    If you are self-employed and your business has been negatively impacted by the covid-19 pandemic, you could be eligible for the fourth grant of the Self-Employment Income Support Scheme. To make your claim for the fourth grant, you must do so on or...