Tax Tips and More – Spring 2018 Edition

Keep up-to-date with the latest tax news and business advice in our Spring Newsletter.

As announced last year, the Chancellor’s Budget will in future take place in the Autumn of each year, as opposed to the Spring. There was  however, a Statement by the Chancellor on 13 March, but he made little mention of tax changes, instead choosing to focus on the state of the economy and stating that there is “light at the end of the tunnel”.

What little changes were announced, we discuss on page 4.

In this edition we also bring yet more information for landlords and property owners. Lately, we have received many calls from people who have, for one reason or another, let their tax affairs drift. Often, people feel they aren’t making any profit from their rental property or properties because everything they receive goes into paying the mortgage and the managing agent fees. Our advice to anyone who thinks they may have under-declared or not declared their rental income is to consider using the Let Property Campaign - discussed on page 6.

Finally, in this edition we look at Bitcoin and cryptocurrency investments and what tax your profits are subject to, as well as advice on Business Splitting and Extracting Profits Tax Efficiently From Your Company.

We pride ourselves on bringing the latest business news and always welcome contributions. If you would like to contribute to our next edition, please get in touch.