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VAT on digital services

by | Feb 6, 2019 | Tax News

HMRC issues updated guidance on VAT on digital services. HMRC has updated its guidance on VAT place of supply rules for business that sell digital services to private consumers in the EU. The changes apply from 1 January. For businesses established in the UK the rules...

Nothing exotic about this dancer’s tax return

by | Jan 28, 2019 | Tax News

The deductibility of travel and clothing is always a contentious issue.  In this post from the ACCA, we revisit the court case that revealed what can – and cannot – be deducted as expenses.   Although an exotic dancer and a yoga teacher may not seem to have much...

Professional fees and subscriptions

by | Jan 17, 2019 | Tax News

Claims by individuals for income tax relief.  Tax relief can be claimed on fees or subscriptions paid to approved professional organisations where an individual must have membership to do their job or it’s helpful for their work. The claims are under sections 343 and...

Useful tax elections and claims for 2017-18

by | Jan 14, 2019 | Tax News

A timely reminder heading into self assessment season. Main residence nomination s222 (5a) Taxation of Chargeable Gains Act 1992 (TCGA 1992) Taxpayers with two or more residences may choose which property is to be treated as their main residence for capital gains tax...

The Scottish rate of tax

by | Jan 10, 2019 | Tax News

A recap on who, what and when to help with 2017-18 SA tax returns. Scottish income tax is paid if the taxpayer lives in Scotland. It’s paid to the Scottish government. This sounds straightforward but the devil is in the detail. Who pays Scottish income tax? For most,...

Self Assessment Season – Tips From YogaTax

by | Jan 6, 2019 | Tax News

Its Self Assessment Season for Yoga Teachers with 2017-18 returns being due in by 31 January 2019, with tax due on that date as well. In this post YogaTax MD Jessica Garbett, also a Yoga Teacher, covers a few FAQs and hot issues. First Off, What Period Does This...

VAT on vouchers

by | Dec 17, 2018 | Tax News

We are sharing this news from the ACCA, which may impact VAT registered Yoga Teachers Are you aware of how the law on VAT and vouchers is changing? From 1 January 2019, the UK law on VAT and vouchers is changing due to the deadline enforced by the EU’s Vouchers...

Christmas Office Closure 2018

by | Dec 14, 2018 | YogaTax News

Just to make people aware our office will close for the Christmas and New Year break at 3pm on Friday 21 December 2018. We will reopen at 9am on Wednesday 2 January 2019. If you have a company with a 31 March year end then please be aware that: – Corporation Tax...

Off payroll rules set to target the private sector

by | Dec 10, 2018 | Tax News

We are sharing this news from the ACCA The impact on Yoga Teachers should be low, although it you combine Yoga with other work as a freelancer / contractor then it may be of interest, especially if you use a Personal Service Company.  For Yoga Teaching it may cause...

Let property relief fallout from the Budget

by | Dec 3, 2018 | Tax News

We are sharing this news release from the ACCA which may be of general interest to anyone with a Buy to Let or other let property, including “reluctant landlords” Analysis of the CGT situation for LPR changes for landlords In the October Budget, the...

IR35 Changes from Budget 2019 and Yoga Teachers

by | Nov 5, 2018 | Tax News

The recent Budget announced the extension of reverse IR35 compliance to Private Sector Contracts from April 2020 For the most part this won’t be of any interest to Yoga Teachers, unless they work as a Freelancer / Contractor in another role as well. Our parent...

Autumn Budget 2018 – Our Summary

by | Oct 30, 2018 | Tax News

Our initial review of yesterdays Budget, including the news that reverse IR35 will come into the Private Sector from 2020, is now up on the website of our parent company, Whitefield Tax: Autumn Budget 2018 With respect to IR35, IR35 does not, never has, and cannot,...
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