Premier Accounts Blog

Changes to reform multiple dwellings relief and how stamp duty land tax is calculated on purchases of mixed-use properties could be in the pipeline. A 12-week consultation closed last month after HMRC sought feedback on proposals to crack down on abuse by restricting...

Film-makers and video-game developers will be among the creative firms that can benefit from a new £50 million pot.  The Department for Culture, Media and Sport (DCMS) has announced a multi-year UK global screen fund will open soon.  That will provide £21m...

More than two million people missed a self-assessment tax return deadline on 31 January 2022, according to HMRC.  The tax authority said more than 10.2 million returns were filed ahead of the original deadline, leaving 2.3 million still to file. Late-filers had...

INCOME TAX ALLOWANCES 2022/232021/22Personal allowance*£12,570£12,570Personal savings allowance - Basic-rate taxpayer- Higher-rate taxpayer- Additional-rate taxpayer£1,000 £500 £0£1,000 £500 £0Dividend allowance at 0%£2,000£2,000Marriage/civil partner transferable...

How to use this guide Throughout 2021/22, COVID-19 has continued to dominate. Millions of employees and directors on payroll were furloughed, and the self-employed continued to rely on grants available via the income support schemes. Arranging your financial affairs...

More details have emerged on upcoming changes to the UK’s research and development (R&D) regime, which will take effect from April 2023.  The Treasury published a report on R&D following last year’s Autumn Budget, in which Chancellor Rishi Sunak announced...

Most UK importers were unprepared for the recent introduction of import controls on EU goods, according to a report from the Federation of Small Businesses (FSB).  Full customs declarations and controls took effect from 1 January 2022, although safety and...

Almost a quarter of landlords plan to sell up over the next 12 months as buy-to-let becomes increasingly difficult to navigate, a report has claimed. Research from the National Residential Landlords Association (NRLA) found that 23% of property investors intend to...

HMRC is reminding taxpayers that the deadline to submit 2020/21 personal tax returns through self-assessment is on or before midnight on 31 January 2022. Some 407,510 startups were created during the 2020/21 tax year, despite the challenges presented by the...

Business structures are essential for tax purposes. If you’re looking to join the 4.3 million people in the UK who made the jump into self-employment, you might be wondering how to start your new business.  Assuming you’ve weighed up the pros and cons involved...