Tax Latest News

Does Your Business Owe the Tax Man?February 21, 2019

If your business is struggling to meet VAT and other tax payments on time, take advice quickly. The decision by the Government to restore 'Crown...

Does a Director Need to File a Tax Return?February 1, 2019

There is a widespread belief that every UK company director has to file a tax return. Indeed, the Government's own website suggests that being a...

VAT – ‘Pay Now, Appeal Later’ Rule Receives Supreme Court BlessingOctober 24, 2018

Unless they can show that they would suffer hardship as a result, traders who wish to challenge assessments to VAT are first required to pay,...

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...

Page 1 of 3123

Tax Articles

Brief Guide to the Administration of Troncs

The long-running series of disputes between employers in the hospitality industry and HM Revenue and Customs (HMRC) concerning the taxation of employees’ tips and their...

Employed or Self-Employed?

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...

Entrepreneur’s Relief – the Basics

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...

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...

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...

Page 1 of 3123