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,...

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...

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...

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Tax News

Facts Determine Tax Treatment of Dilapidations PaymentOctober 31, 2017

Virtually all leases have clauses which stipulate that when the lease comes to an end, the tenant must leave the premises in the same condition...

Furnished Holiday Lettings Face Tax AttackOctober 10, 2017

The United Kingdom has very favourable Inheritance Tax (IHT) treatment for the owners of business assets used in a trade and, in general, the value...

No Money a Reasonable Excuse for Not Paying TaxJuly 31, 2017

HM Revenue and Customs (HMRC) are not known for being lenient when it comes to taxpayers who fail to pay taxes, and mere inability to...

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