Tax Articles

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...

VAT – Place of Supply of Services

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 Rules

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 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...

Making Training Costs Tax Deductible

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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Tax News

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...

Insufficiency of Funds – Deals Mean Loss of ControlFebruary 22, 2018

Failing to pay taxes due because of insufficiency of funds with which to do so has repeatedly been challenged by HM Revenue and Customs (HMRC)...

What Has Queen’s Club Got That Others Don’t?January 2, 2018

In an interesting VAT case, the well-known tennis club Queen's Club has been successful in a claim for recovery of the VAT it incurred on...

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...

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