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Tax

Changes to calculating holiday entitlement for employees on irregular contracts

21st September 2022

A recent court case has highlighted an urgent need for employers to review how they calculate the holiday pay of part-year or employees or work for them on an intermittent basis. Here, we share more about this landmark case, the...

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Tax

Emergency mini-budget announced

16th September 2022

It has been announced that Chancellor Kwasi Kwarteng will deliver an emergency mini-budget on Friday 23rd September.   It is expected the chancellor will bring in additional winter tax cuts and set out more detail on the energy price cap...

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Tax

Making Tax Digital for Income Tax Self- Assessment is coming!

9th August 2022

Sole Traders and those with property income….Making Tax Digital for Income Tax Self- Assessment is coming! Making Tax Digital (‘MTD’) is the UK government’s programme designed to help businesses and individuals get their tax right and help HMRC get more...

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Tax

Upcoming changes to VAT penalties & VAT interest charges: Replacement for VAT penalty and interest regime delayed until 1 January 2023

16th June 2022

The new VAT penalty system was scheduled to come into effect from 1 April 2022, but in a Written Ministerial Statement Lucy Frazer (Financial Secretary to the Treasury) has announced that it will now apply from 1 January 2023. “This extra time allows HMRC...

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Tax

Do you own a residential property in a company?…April 30th deadline

7th April 2022

Since 2012 Limited Companies are liable to prepare and submit an additional annual return and may be liable to an annual tax charge on high value residential properties they own. This regime is known as Annual Tax on Enveloped Dwellings...

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Tax

Tax Rates 2022/23

1st April 2022

The Rowleys Partnership Ltd - Tax Rates 2022-23

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Tax

Personal Tax Year End Planning 2021/22

4th March 2022

Personal Tax Year End Planning – Take action before 5 April 2022  There are a wide range of allowances and reliefs that can be used before the 2021/2022 tax year comes to an end, covering topics such as: Income Tax...

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Tax

Your pre year-end tax planning checklist

13th April 2021

As the 2020/21 tax year comes to an end here are 6 areas (and the associated facts) you need to consider as they could very well help you to reduce your personal tax bill: Income Tax Fully utilise the basic...

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Tax

VAT domestic Reverse Charge for building and construction services

17th February 2021

Rowleys VAT domestic reverse charge for building and construction servic.._

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Tax

Self assessment ‘time to pay’ threshold raised to £30,000

12th January 2021

HMRC has made it easier for self assessment taxpayers to pay the tax they owe incrementally on a monthly basis, by extending the threshold for ‘time to pay’ applications, as part of efforts to ease financial stresses cause by the...

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Tax

Staff Parties and Gifts

26th November 2020

As a “unique” 2020 ends and the festive season approaches, you may be considering Christmas parties and gifts for employees.  Here are a couple of ways to save tax on such expenditure which would normally be called as a benefit...

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Tax

What have we learned from the Office for Tax Simplification’s review of CGT?

20th November 2020

Back in August we reported that the Chancellor had asked the Office for Tax Simplification (OTS) to review the current Capital Gains Tax (CGT) rules. On 11th November the OTS published their first report. The headline is that the OTS...

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Tax

R&D tax credits: where are we today?

26th October 2020

Research and development is going to play a huge part if the UK is going to combat what could well be a very tough recession.  We have always been recognised as a highly innovative nation but that reputation is going...

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Tax

As a company employee, could working from home improve your tax position?

6th October 2020

It has never failed to amaze me just how quickly and easily so many of us settled in to working from home not to mention how effective and productive home working has turned out to be.  With that in mind, it’s no surprise...

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Tax

How will the recently announced Stamp Duty Holiday affect you

25th August 2020

One of the parts of the Chancellor’s the recent Summer Statement that garnered the bulk of the coverage is the ‘stamp duty holiday’ for house buyers in England and Northern Ireland (Scotland and Wales weren’t initially included but the Scottish...

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Tax

What could the proposed Capital Gains Tax review achieve?

21st August 2020

Rishi Sunak, the Chancellor of the Exchequer recently wrote to the Office for Tax Simplification (OTS) to ask them to review the current capital gains tax (CGT) rules.  He wants the OTS to establish CGT is still fit for purpose...

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Registered to carry on audit work in the UK; regulated for a range of investment business activities; and licensed to carry out the reserved legal activity of non-contentious probate in England and Wales by the Institute of Chartered Accountants in England and Wales.  Associate Directors of the firm are not Directors of The Rowleys Partnership Limited (registered no. 06125028) and are not subject to the obligations and responsibilities of Directors within Part 10 of the Companies Act 2006.  Any reference to an individual with the job title “Partner” refers to someone who is a Director of The Rowleys Partnership Limited and also a registered member of Rowleys Group LLP (registered no. OC306056)  A list of Directors and Members are available at Companies House. Details of our audit registration can be viewed at www.auditregister.org.uk and details of our probate registration can be viewed at www.icaew.com/probate, both under reference number C001486455. View our Legal and Privacy Policy.