Check your business rates are not too high
Business rates, rather than council tax, are charged on most non-domestic properties, such as shops, offices, warehouses, pubs, factories, guest houses and holiday lets. Business …
Paper version of capital gains tax on UK property return
Where an individual realises a chargeable gain on the disposal of a UK residential property, they must report the gain to HMRC within 60 days …
HMRC’s complaints process
Many taxpayers taxed under self assessment may not be aware that HMRC self assessment phone service was closed for three months, opening on 4 September. …
Alphabet shares
Read this article to find out whether ‘alphabet shares’ would be relevant to your company.
The implications of late VAT registration
VAT registration is compulsory for any UK established persons who are in business and make or intend to make taxable supplies should either one of …
Tax and influencers
Earlier this year, HMRC sent ‘nudge’ letters to social influencers who they suspect may not have declared the tax that they owe. They have also …
Beware of diverting dividends to minor children to fund education
Owners of personal and family companies frequently pay themselves a small salary and extract further profits as dividends. To utilise the unused personal and dividend …
Relief for post-cessation expenses
The end of a business will not necessarily mean that no further expenses are incurred. Where expenses are incurred after the business has ceased, tax …
Telling HMRC that you have no corporation tax to pay
If you have a company that is dormant and you have filed your company tax return showing that no tax is due, you may think …
Key person insurance – When can you claim a deduction?
Premiums paid for key person insurance may be deductible in computing taxable profits. Read this article to find out what conditions must be met for a deduction to be forthcoming.
Mixed-use properties and SDLT
For stamp duty land tax (SDLT) purposes, a property may be a residential property, a non-residential property or a mixed-use property. The classification is important …
Selling the garden for development
If you own a large plot of land that you no longer require but you don’t want to move home, you may consider selling some …
