THE DSK News

Month: March 2022

Let's Work Together

On your bike – cycle to work exemption

Date 31/03/2022

The Cycle to Work scheme was introduced over 20 years ago to help promote the use of healthy ways to commute to work using an environmentally friendly mode of transport.

The scheme allows employers to provide bicycles and cyclists’ safety equipment

Read More

What is a wasting asset?

Date 31/03/2022

A wasting asset is an asset which has a predictable life of 50 years or less. HMRC’s guidance is clear that when you dispose of an asset, you are required to estimate its predictable life based on the nature of the asset and your intended use of the

Read More

Scammers target Self-Assessment taxpayers

Date 31/03/2022

Fraudsters are continuing to target taxpayers with scam emails, texts and calls following the deadline for submission of Self-Assessment returns for 2020-21. In fact, over the last year, HMRC received more than 570,000 reports about suspicious HMRC

Read More

Self-employed NIC changes

Date 31/03/2022

In the recent Spring Statement, a significant increase in the National Insurance Threshold from £9,880 to £12,570 was announced. This increase will see the alignment of the Primary Threshold (PT) for Class 1 NICs and Lower Profits Limit (LPL) for

Read More

When does a partnership exist?

Date 31/03/2022

A partnership is a relatively simple way for two or more persons to set up and run a business together with a view to making a profit. Partnerships can take many forms. Legal persons other than individuals can also be partners in a

Read More

Resolving commercial rent debts

Date 31/03/2022

A new law that seeks to resolve certain remaining commercial rent debts accrued during the pandemic received Royal Assent on 24 March 2022. The new law introduces a legally binding arbitration process to resolve certain outstanding commercial rent

Read More

Inheritance Tax-free gifts reminder

Date 24/03/2022

We wanted to remind our readers of the Inheritance Tax (IHT) implications of making cash gifts during the current 2021-22 tax year that will end on 5 April 2022.

You can give away up to £3,000 worth of gifts each tax year. This is known as your

Read More

Extended loss relief carry-back

Date 24/03/2022

A reminder that the temporary extension to the eligible carry back period for trading losses applies for company accounting periods ending between 1 April 2020 and 31 March 2022 and for tax years 2020-21 and 2021-22 for unincorporated businesses.

Read More

Overview of Digital Services Tax (DST)

Date 24/03/2022

The UK’s Digital Services Tax (DST) came into operation on 1 April 2020. This tax is designed to ensure that the major social media, search engine and online retailers are subject to a 2% tax on revenues generated from the participation of UK users

Read More

Bare or simple trusts

Date 24/03/2022

A trust is an obligation that binds a trustee, an individual or a company to deal with the assets such as land, money and shares which form part of the trust. The person who puts assets into a trust is known as a settlor and the trust is for the

Read More

Take the First Step

To speak to a partner or for more information about the services we offer please contact one of the DSK offices or complete our contact form below.



    Platinum Partner