Tax Articles

Guide to IHT and Small BusinessJuly 12, 2015

Inheritance Tax (IHT) is payable on a deceased person’s estate (exclusing their principal private residence for whaih an extra allowance is available) at 40 per...

Tax Free PerksMarch 10, 2015

The Government has continuously sought to limit the tax free perks that businesses can provide for their employees. However, there are some remaining. Here is...

VAT on Business Assets With Private UseMarch 10, 2015

It is very commom for a smaller business to have assets which have been acquired which are used for both business and private use. Traditionally,...

VAT on Electronic Services: New RulesMarch 10, 2015

  If you supply electronic products (telecommunications, broadcasting and e-services) to non-business customers through online sales, you should start thinking about how you will comply with...

How to Reclaim Foreign VATMarch 10, 2015

It is commonly thought that within the EU, recovering VAT on expenditure made whilst abroad is merely a matter of calculating the VAT at the...

Employed or Self-Employed?March 10, 2015

Whether you are employed or self-employed makes a substantial difference to how you are taxed and the income tax liabilities of an employed person can...

VAT – Place of Supply of ServicesMarch 10, 2015

With different rates of value-added tax (VAT) applying throughout Europe, the place that a supply is made (and hence the VAT rate which is applicable)...

Tax Avoidance Disclosure RulesMarch 10, 2015

UK tax law is almost unique in that it contains regulations which require professionals to advise HM Revenue and Customs (HMRC) of information regarding tax...

Entrepreneur’s Relief – the BasicsSeptember 23, 2008

From 6 April 2008 disposals of qualifying businesses and business assets have been eligible for Entrepreneurs’ Relief. In simple terms, it allows business owners to reduce...

Making Training Costs Tax DeductibleJuly 3, 2008

Most business owners and managers think that training costs aimed at improving skills or business profits automatically qualify for tax relief, but that is not necessarily...

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