Calculating corporation tax marginal relief
The rate at which a company pays corporation tax depends on the level of its taxable profits. Where a company’s profits are below the lower …
File tax return by 30 December to pay your tax bill through your tax code
The normal filing deadline for the 2024/25 Self Assessment tax return is 31 January 2026. However, if you have some tax to pay under Self-Assessment …
Do you have an unclaimed Child Trust Fund?
A press release recently published by HMRC revealed that 758,000 young people between the ages of 18 and 23 have a Child Trust Fund, which …
What counts as a ‘reasonable excuse’?
A taxpayer may have grounds for appealing a penalty if they have a reasonable excuse for missing a filing or payment deadline. However, it is …
Should you withdraw your pension to save IHT?
Legislation has been published in draft for inclusion in the Finance Bill, which will bring unused pension pots within the charge to inheritance tax from …
SDLT on dilapidated properties
The rate of SDLT payable on the purchase of a property depends on whether it is a residential property or not, and if so, whether …
Securing tax relief for the costs of evicting tenants
Having tenants who refuse to leave despite being given a valid Section 21 or Section 8 notice is a nightmare for a landlord and places …
Tax treatment of rental deposits
When renting out a property, it is usual to take a deposit from the tenant to cover the cost of any damage to the property …
Lending from one company to another – Can interest be charged?
With relatively low interest rates on cash deposits, some companies are looking to invest their spare cash elsewhere, especially if investing in the company’s own …
Company paying for fuel – A useful benefit?
Having the company pay for all your fuel might seem like a major perk. However, whether it is truly a valuable benefit depends on a …
Would growth shares benefit your company?
Today’s business world is increasingly competitive. In order to survive and grow, a business needs to retain talented personnel. While benefits such as medical insurance …
Registering for Self Assessment
If you are new to Self Assessment and need to submit a tax return for 2024/25, you will need to register for Self Assessment. This …
