News

Housing and Planning Act hits landowners rights- 11/07/2017

The Central Association of Agricultural Valuers (CAAV) has warned that landowners face losing millions of pounds of potential development value under the Housing and Planning Act 2016. The new Act grants developers of Nationally Significant Infrastructure Projects, such as large transport links, the right to the compulsory purchase of land for related housing. In addition, developers will only have to pay compensation at the existing land value, meaning the profits from subsequent development will belong to the developer. Under the Act, developers will also have additional powers of entry to allow them to survey land in connection with the project, with compensation only payable for damage caused during the survey. Kate Russell, Policy and Technical Adviser at CAAV said the changes "allow developers to get housing in places that might not otherwise have been justified – and they are able to do so at existing land use value, transferring the windfall uplift in value from the landowner to the acquirer."

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Opposing HMRC penalties on grounds of ‘reasonable excuse’- 11/07/2017

Recent reports have shed light on some of the most unusual cases where self-assessment taxpayers have managed to successfully appeal late filing and late payment penalties issued by HM Revenue & Customs (HMRC).

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Rules on directors’ tax returns are not as clear you might think- 11/07/2017

According to the gov.uk guidance, a director must register for self-assessment (SA) and send a personal SA tax return to HM Revenue & Customs (HMRC) each year.

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Huge fines for employers stalling workplace pensions - 11/07/2017

Around 800,000 small businesses are yet to enrol into the Government’s flagship pension scheme, new figures have revealed.

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Five ways to get more enjoyment from your money - 11/07/2017

While most of us invest a lot of time and thought about how to improve our finances, we do not tend to spend quite as much time looking at how our finances can improve our lives. But research is showing that not all wealth is equal, with some spending having a greater impact on happiness than other spending.

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Persons of Significant Control - changes to Companies House Reporting - 11/07/2017

Last year saw a raft of changes come into effect at Companies House. Amongst the measures introduced was the requirement for companies to maintain a register of Persons of Significant Control (PSCs).

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I’m a non-resident landlord. Do I have to file a tax return in the UK? - 11/07/2017

If you have lived abroad for six months or more in a year, you are classed as a “non-resident landlord”, and the income you receive from renting out your home whilst abroad is taxable in the UK.

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