Scotland

Scottish Budget confirms bands and rates for 2025/26

HMRC,Self-employed,Tax Return

Overlap relief calculator launched

Tax,Capital Gains Tax,Tax Avoidance

Harry Potter star loses tax battle

HMRC,Pensions

Don’t forget seasonal workers’ pension rights

Tax,Qs and As

December 2024 Q&As

VAT,Expenses

Don’t overlook reclaiming VAT for EU expenses

Capital Gains Tax,Property

Private residence relief – is it transferable to your spouse?

Tax,Profit Extraction,Interest

Can a simple interest swap save tax?

Employees,Tax,Benefits,Business Mobile

Tax pros and cons of business mobiles

Employees,Company Cars,Advisory Fuel Rates

Latest advisory fuel rates for company car drivers

HMRC,Tax,Property

Have you paid enough tax on property profits?

Tax,Budget,Company loans

Tighter rules for company loans

Self Assessment,Budget,Making Tax Digital,MTD

MTD ITSA guidance updated following Budget

Business,Tax,Profit Extraction,Profit

How to increase the tax saving when splitting business profits

Tax,Budget,Hidden Budget

The Chancellor’s hidden Budget

Construction,Subcontractor,Construction Industry Scheme,Gross Payment Status

How can you secure gross payment status?

HMRC,Penalty Interest

HMRC to reduce late payment interest

Tax,Qs and As

November 2024 Q&As

Employees,Tax,Salary Sacrifice

Pay rises for staff – a tax-efficient alternative

Tax,Company Cars

When is a company car not taxable?

Tax,Off-payroll,NI,Freelancer

Freelance work – the travel expenses tax trap for contractors

Tax,Shares,Company sale

Spread the tax cost of selling your company

Budget,Budget 2024

Budget at a glance

VAT

When is an option to tax advantageous?

HMRC,Making Tax Digital

MRC launches MTD ITSA toolkit

Business,Tax Relief,Losses

Tax relief for loss-making companies

Tax,Cycle to Work Scheme,NI,Ebikes

On your (e)bike – cycle to work scheme

Tax,Dividends,Profit Extraction

Timing dividends to delay or reduce tax

Tax,Gifts

Job-related gifts – what’s the tax position?

Expenses

Proof of employment expenses now required

VAT,Property

Changing the VAT status of a property

HMRC,Agent Dedicated Line

HMRC expands agent-related services

HMRC,Pensions,Child Benefit

Child Benefit claimants could be missing out on full state pension entitlement

Tax,Qs and As

October 2024 Q&As

Investments,Investment Bonds

Investment bond income tax trap

Tax,IR35

Dodging the double IR35 charge

Capital Gains Tax,Property

Tax planning for landlords of commercial property

AIA,Annual Investment Allowance

Calculating the AIA if you own more than one business

Tax,Business Property Relief

Tribunal denies fishy business property relief claim

Corporation Tax

Losses on CT returns may be incorrect

Student Loans

Workaround for botched HMRC student loan repayment calculations

Student Loans

Rental Income

Dodge the tax trap for jointly owned property

HMRC,Self Assessment,Tax Penalty

If you owe tax for 2023/24 act now to avoid a fine

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

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