Newsletters
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How to liberate cash locked up in personal assets
As your first born is due to fly the nest shortly, you’re looking for ways to get a little extra cash to help them. Taking money out of your company in the traditional ways always results in a tax charge. Can you extract the cash without the tax?
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Meals for employees an especially valuable perk
You’re considering providing free meals to your employees to help them with the rising cost of living. You’ll be able to buy in bulk and so access discounts not normally open to individual employees. How will HMRC view your plans?
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The hidden inheritance tax on gifts
The usual advice is that potential inheritance tax (IHT) payable on gifts starts reducing (tapering) once three years have elapsed, and after seven the gift is IHT free. However, the three-year deadline is often an illusion. Why?
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Are you completing the outputs box correctly?
HMRC’s computer checks that the outputs and inputs boxes on your VAT returns appear credible. How can you reduce the risk of an HMRC compliance query due to problems with your Box 6 outputs figure?
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2022/23 P11Ds - all you need to know
Now that you’ve got the first month of the new tax year out of the way, it’s a good time to turn your thoughts to the completion of P11Ds on non-payrolled taxable employee benefits. What do you need to be aware of this year?
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For how long can HMRC pursue a tax investigation?
The First-tier Tribunal (FTT) recently ruled on a case brought by taxpayers attempting to put an end to an HMRC enquiry into their tax returns. Complex tax issues were involved but did this allow HMRC carte blanche to drag out the investigation?
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