| Managing LISAs on death or terminal illness |
| Lifetime ISAs (LISAs) continue to provide a tax-efficient savings vehicle for investors as there will be no income tax to pay on interest earned and no capital gains tax to pay on subsequent profits arising on the money invested. Read More... |
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| CGT reporting deadline |
| Capital gains tax (CGT) on disposals of UK residential property between 6 April and 1 July 2020 had to be reported to HMRC by 31 July to avoid a penalty. Read More... |
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| Reduced property transaction charges |
| Recent research revealed that property transactions fell by more than 50% in May and house prices have fallen for first time in eight years. In an attempt to help boost the housing market, a temporary reduction in stamp duty land tax (SDLT) Read More... |
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| VAT FRS temporary rate reductions confirmed |
| In the Government's Summer Update on 8 July 2020, the Chancellor announced a six-month reduction in the VAT rate on supplies of food and non-alcoholic drinks from restaurants, pubs, bars and cafes, as well as to supplies of accommodation and admission to Read More... |
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| August questions and answers |
| Q1. I am a sole trader trading as a graphic designer. I am voluntarily registered for VAT and I have several commercial clients who are also registered for VAT. Due to the coronavirus outbreak my graphic design business is very quiet, so to supplement Read More... |
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| August 2020 Key tax dates |
| 19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/8/2020
Read More... |
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Salisbury House
London Wall
London
EC2M 5SQ
Pawley & Malyon is a trading name of Pawley & Malyon
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