My client recently purchased an empty 3 bedroom bungalow that hasn’t been lived in for 4 years. He intends to spend £30k extending and refurbishing the property into a 4 bedroom house, which he and his family will move in to. He has the skillset to … Continue reading VAT Question Of The Week – Renovation Of An Empty Dwelling
If you have filed a form to register as self employed, typically a CWF1 for a sole trader, SA401 for a partner or an SA1 for a Director - prepare for a long wait as HMRC advised a member of the Avanti team today that "many appear to have … Continue reading NEWSFLASH: HMRC ‘Lose’ Self Assessment Registrations
Q "My client has undertaken some development work and has queried whether he can claim the Structures and Buildings Allowances (“SBA”). Please could you outline the rules for the relief to apply?" Answer … Continue reading Tax Question Of the Week – Structures & Building Allowances
As a business owner, sticking to your guns is all well and good, but it is your ability to adapt and your flexibility that will help your business to survive and thrive. Acceptance From day one, accepting and understanding that things change … Continue reading Tips For SMEs – Flexibility
Key Announcements... £13.8bn in extra day-to-day spending for 2020-21, representing a 4.1% uptickNHS funding increase of £6.2bn next year, most of which was already announced under Theresa May's governmentEducation spending increase of £7.1bn by … Continue reading Chancellor Sajid Javid Announces End To Austerity
Q: My client bought a commercial vehicle under an HP agreement but has not made the final payment and so did not acquire ownership of the vehicle. AIA has already been claimed from the outset. How is this dealt with for capital allowances purposes? … Continue reading Tax Question Of The Week – HP Control & Capital Allowances
On 1st October 2019, changes are coming for those in the construction industry as the new VAT reverse charge system is introduced. Brexit will not impact this change as it is a domestic VAT rule. So here we aim to answer some FAQs for those that will … Continue reading VAT Domestic Reverse Charge For Construction – What You Need To Know.
Q: I understand the Government has issued a consultation on reforming the SSP rules. How will this affect my clients as employers? Answer … Continue reading Tax Question Of The Week – Possible SSP Reformation
If you're an employee who drives a company car and opts for an emissions-free electric fleet car, you will pay no benefit in kind tax for the year confirms the Treasury. This ties in with the Governments plans to drastically reduce emissions … Continue reading No Benefit in Kind required for electric company cars
Tax Penalties As a Company Director, you are required to file your company or limited liability partnership (LLP) accounts on time. You can see more about your responsibilities here . In this article we focus on penalties, payments, and appeals. … Continue reading How Will Late Filing Penalties Impact You?
What is the Fifth EU Money Laundering Directive and how will this impact my clients? Answer Read more on Money Laundering and how to report suspicious activity here … Continue reading Tax Question Of The Week – EU Fifth Money Laundering Directive
Well done, Annie... "Avanti were amazing with my Personal Tax return. I required my Tax return completing urgently (5 days) and Avanti completed this for me quickly and efficiently with great communication throughout the whole process . Thank you … Continue reading Client Testimonial