Self Assessment

Why file early?

Tax Breaks,Venture Capital Schemes

EIS and VCT extended for ten years

PAYE

Beware of Sunday payment deadline this month

Cars,Advisory Fuel Rates

Latest advisory fuel rates for company car drivers

Tax,Qs and As

September 2024 Q&As

VAT

Selling assets – navigating the tricky rules for flat rate VAT

Capial Allowances,Equipment

Company v personal capital allowances

Tax,Company Cars

Reduce tax on your shared company car

HMRC,Pensions

Are you missing out on pension tax relief?

IHT,Inheritance Tax

Save IHT with gifts to charity

Trusts

Ending a trust tax efficiently

HMRC,HMRC Powers

Latest crackdown targets animal breeders

Property

Improvement and finance losses and how to claim them

Cryptoassets

Unpaid tax from cryptocurrency transactions targeted

HMRC,Late Payment Interest

HMRC cuts late payment interest following base rate changes

Tax,Qs and As

August 2024 Q&As

VAT,VAT Rates

Limited cost trader – managing purchases tax efficiently

Capital Gains Tax

Incorporate your business tax efficiently

Benefits in kind,Salary Sacrifice

How to make salary sacrifice successful

Capital Allowances

Company or personal capital allowance?

Alternative Dispute Resolution,ADR

When can ADR be used to resolve a tax dispute?

HMRC,Pensions

HMRC warns employers over seasonal staff pension rights

Company Director,Profit Extraction,Profit

Tax and NI planning for multiple directorships

Expenses

Benchmark subsistence rates – are they worth it?

VAT,VAT Registration

New online VAT registration tool

VAT

Sale of old equipment – is it VATable?

HMRC,Estate Administration

Form P1000 now available digitally

PAYE

Why your tax code is now more important than ever

Self Assessment,Payments on Account

Second payment on account deadline approaching

Self Assessment

Self-assessment 2023/24 – what’s new?

SDLT,Stamp Duty Land Tax

Taxpayer victory bucks trend in SDLT row

P11D

P11D filing deadline looming

National Insurance,NI,Class 2 NI

Class 2 NI problems continue

Tax,Qs and As

July 2024 Q&As

Profit Extraction

Paying your partner – can HMRC refuse a tax deduction?

VAT

Pros and cons of self-generated VAT invoices

Termination payments

How to pay off an employee or director tax efficiently

HMRC,Property

Dodging HMRC’s limits on finance costs for let property

Company Cars

Is private use of a pool car taxable?

Tax Credits,State Benefits

Enforced migration to Universal Credit

Loans

Company loan v company credit card

Income Tax

The trading allowance – something for nothing?

Salary

Salary advances: change to reporting rules

Student Loans

New student loan procedure

Tax,General Election

What do the main parties intend to do with tax?

VAT,Personalised Number Plates

VAT and personalised number plates

VAT,HMRC

Supplies were VATable, but assessment was out of time

Fuel Advisory Rates

Advisory fuel rates for company cars from 1 June 2024

Tax,Qs and As

June 2024 Q&As

Tax,Business Assets

Sell off your business assets – watch out for the tax!

Benefits in kind

Save tax with pedal power

Uncategorized

Tax breaks for renting a room

Directors Loan

Clear a director’s loan tax efficiently

Tax,Remuneration,Holiday

Is there a tax cost to buying holiday entitlement?

Tax,Home office

Creating a home office tax efficiently

HMRC,Holiday Homes,Holiday Lets

No simple trading test for holiday let landlords

Payroll,P60

Don’t overlook the P60 deadline

Profit

New interactive tool for transition period profit reporting

HMRC

The IHT exemption that HMRC hides

Tax,Benefits

Are work-related benefits for disabled persons tax free?

National Insurance,NI

Rogue refunds of Class 2 NI due to HMRC failure

Expenses

Make personal expenses tax efficient

Business Incorporation

Incorporating your business – don’t forget the property tax

Tax,Qs and As

May 2024 Q&As

VAT

Who pays the VAT if you make a billing error?

Capital Gains Tax

Transfer your business to a company tax efficiently

National Insurance,NIC

New online service for voluntary contributions goes live

Training

Tax breaks for work-related training

Shareholder Loans

Overdrawn loan accounts – what happens if the company closes?

Investing in Woodlands

Investing in woodlands – what are your options?

Pensions

The latest on pension lifetime limits

Travel,Expenses

New guidance on commuting expenses for hybrid workers

Tax

The tax advantages of benefits in kind

Capital Gains Tax,Property

Did MP dodge capital gains tax?

Tax,Child Benefit

Deadline for child benefit tax

Tax,Expenses

Celebrating a company milestone and the tax consequences

Corporation Tax,Profit

Improving cash flow to help pay corporation tax bill

Tax Relief,R&D

Guidance for merged R&D scheme published

HMRC,Tax,Repairs

Have you underclaimed your expenses?

Tax,Qs and As

April 2024 Q&As

HMRC,Appeals

Alternative ways to challenge HMRC

VAT,Gifts

VAT on staff gifts – what do you need to know?

Tax,Company loans

Back-door company loans – is there a problem?

Inheritance Tax

IHT exemptions – when and how to use them

Loans

Make your mortgage interest tax deductible

ISA,Investment

ISA limits – what’s the latest?

VAT,Cars,Car Leasing

Leasing cars – what are the VAT pros and cons?

HMRC,Self Assessment

HMRC U-turn on helpline closures

HMRC,Self Assessment,Helpline

Popular helplines to be severely restricted permanently

Business,Tax,Company loans,NI,Company Closure

Company closure – what happens to shareholder loans?

Profit,LLP

Revised guidance causing problems for LLP members

Tax

Threshold tax and benefit traps on families

Making Tax Digital

New MTD trial launches soon

Budget 2024

Budget delivers on most predictions

Gift Aid

Charitable gifts that come with a tax cost

Tax,EV

Charge your electric vehicle tax free

Inheritance Tax

End of tax year – maximising your IHT exemptions

Tax,Qs and As

March 2024 Q&As

Tax,Property

How to make rent-free periods tax efficient

Fuel Rates

Advisory fuel rates from 1 March 2024 published

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