Confusion over taxpayer’s address

The taxpayer filed his 2013-14 and 2014-15 self-assessment tax returns late so HMRC imposed penalties. He appealed, claiming he had not received various documents from HMRC. The taxpayer had been self-employed until August 2013; after that he worked as an employee. He had completed self-assessment returns when in self-employment but believed all his tax would Read More…

Directors taxed under PAYE no longer required to file return

HMRC has amended it’s guidance on self-assessment tax returns to clarify that company directors with income taxed at source under PAYE and with no other tax obligations do not need to complete a tax return unless one has been issued. Self Assessment (SA) and Company Directors HMRC has received enquiries about the law on the Read More…

Holiday homes, Furnished Holiday lets, Glamping

Welch and Ellis specialise in advising on all accounting and tax aspects of Property Investment and in particular Holiday Homes. We act for clients with holiday properties in the UK and abroad letting a variety of holiday homes including flats, terraces, cabins and substantial detached properties. We provide fixed cost solutions both for those new Read More…

Local accountant joins call to scrap VAT on fire safety products

A SHROPSHIRE and POWYS accountant is urging the public to back a campaign to scrap VAT on fire safety products. Rob Ellis, Welch and Ellis Accounting in Oswestry, is throwing his support behind the Axe Safety Tax campaign, launched by company Gas Tag as he believes it is wrong to charge VAT on products designed Read More…

Valuing unquoted shares for tax purposes

When unquoted shares are involved, it is likely that HMRC’s share valuation division will negotiate an acceptable value with you. The approach will differ according to whether you are disposing of a majority or a minority shareholding. 

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