Tax Articles

Guide to IHT and Small Business

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 Perks

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 Use

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 Rules

  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 VAT

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...

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Tax News

Failure to Meet Criteria Means Loss Relief DeniedAugust 23, 2018

There are all sorts of things one can do with trading losses under Corporation Tax (CT), but the fall-back position is that losses can be...

Future Intention Leads to Tax ChargeAugust 2, 2018

The additional rate of Stamp Duty Land Tax (SDLT) is payable on purchases of 'additional dwellings' such as buy-to-let properties. A recent case dealt with the...

Guesswork Not Enough to Create Tax LiabilityMay 31, 2018

When HM Revenue and Customs (HMRC) suspect serious tax evasion, they will normally launch a full-scale tax investigation into the person they suspect. They use many...

Son’s Casual Employment Proves Expensive for DadApril 25, 2018

One area in which problems may not be anticipated is when a family member's status as a 'genuine' employee is disputed by HM Revenue and...

I’ll Scratch Your Back and You Scratch MineMarch 23, 2018

HM Revenue and Customs (HMRC) have recently carried out research on the 'sharing economy' – by which people share skills, resources, time or property with...

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