Budget 2020 Report

Budget 2020 Report

Here is our March 2020 Budget Report, designed to bring you up to date with the tax changes from the Budget announced on 11th March 2020. CloudBook Accountants cover the UK online and locally in Warrington, Newcastle & Sunderland. Using the latest technology, we...
Budget 2020: Main Tax Changes

Budget 2020: Main Tax Changes

Here are the main tax changes from the Budget 2020. For a full report emailed to you tomorrow, sign up to our newsletter here: 1. NHS to get whatever it needs for #coronavirus 2. SSP available to all those who self-isolate from day 1 and similar help for self-employed...

New state pension and contracted-out NICs

Most people will be aware that the state retirement pension system has changed for people who reach state pension age on or after 6 April 2016 – that is men born after 5 April 1951 and women born after 5 April 1953. The full new state pension is currently...

Rent a room scheme

Although Budget 2017 announced that the Government intends to review the rent-a-room scheme, it currently remains a tax-efficient way of letting out a spare room. Broadly, HMRC’s rent-a-room scheme is an optional exemption scheme, which allows individuals to...

VAT zero-rating of adapted motor vehicles

VAT: zero-rating of adapted motor vehicles Finance Act 2017 introduced legislation designed to end perceived abuse of the VAT relief on substantially and permanently adapted motor vehicles for disabled wheelchair users. The amended rules, which took effect from 1...

Working from home

Working from home Over recent years, it has become increasingly popular for employers to allow their employees to work from home, and in doing so, pay an amount to cover any additional household costs incurred. What are the tax implications of such expenses for the...