The First-tier Tax Tribunal (FTT) has disallowed multiple dwellings relief from stamp duty for an annexe whose planning permission specified that it could be used only for ancillary purposes to the house. Together with the annexe’s lack of privacy, this implied it was not a separate unit of residential accommodation (Fitzgerald v HMRC, 2025 TC09415).
As an employer, you might be eligible for relief on some of your National Insurance Contributions (NIC). This can significantly lower your tax burden and might be crucial given that every firm is currently experiencing escalating prices. How much do businesses contribute to national insurance? Employers contribute to national insurance on the salary and benefits...
Reversal of Growth Plan – When Kwasi Kwarteng came before parliament to deliver his maiden fiscal statement, no one could have imagined that within three weeks, the vast bulk of his announcements would be reversed or that his first (mini) budget would be his last. Jeremy Hunt, the new Chancellor, has dropped £32 billion in...
Please read our guide to Bounce Back Loans, Dividends, and Illegal Dividends. What is a Dividend? A dividend is the apportionment of some of the earnings by public listed companies to their shareholders. A company’s board of directors determines the amount and the payment options for the dividends. You can draw a dividend...
Copyright by CareAccountancy. All rights reserved.
Copyright by CareAccountancy. All rights reserved.
