Tax implications on home office
Following the pandemic, flexible working hours are on the increase. This shift has provided many employees with the legal right to request flexible working from …
Tax relief for trading losses
A sole trader or partnership business may make a loss for several reasons – not necessarily because it is not doing well. A business can …
Restarting child benefit claims
Many parents who fell within the ambit of the High Income Child Benefit Charge (HICBC) opted not to receive child benefit, rather than to receive …
Should you dispose of old documents?
Over the past few years, tax enquiries aimed at identifying and correcting errors or deliberate under-reporting in tax returns have increased. HMRC generates substantial revenue …
What HMRC do if you don’t pay tax?
HMRC have a range of powers at their disposal to collect unpaid tax. If you are struggling to pay a tax bill or know that …
Do I need to worry about IR35?
If you provide your services personally to an end client through your own limited company or other intermediary, you may fall within the scope of …
How to verify genuine HMRC letters
Scammers are becoming increasingly adept at fooling people and a favoured tactic is a letter, a text, a phone call or an email purporting to …
Voluntary tax disclosure to HMRC
There are various reasons why a person may not have told HMRC about the tax that they owe, ranging from a simple oversight to the …
Utilising loss from property rental business
Where a landlord makes a loss on their property rental business, the options for using that loss are limited. The rules depend on whether the …
End of the FHL regime and transitional rules
Landlords with furnished holiday lettings (FHLs) currently enjoy favourable tax advantages compared to those letting residential property on longer-term lets. However, these advantages are to …
Treating tenants’ deposits correctly for tax purposes
It is usual for a landlord to require a deposit from a tenant as security against damage to the property. This cannot be more than …
Are professional fees tax deductible?
As ever, the answer to this question depends on what type of professional fees have been incurred. Professional fees are income and corporation tax deductible …
