Date posted: 24th Nov 2022
HMRC can issue a determination when a taxpayer has failed to submit a tax return. The determination is HMRC’s formal calculation of tax that it calculates as being…
Date posted: 24th Nov 2022
The past 18 months or so have seen a planned increase to corporate tax, then the abolishment of the planned increase to corporate tax and then the abolishment…
Date posted: 24th Nov 2022
We are noticing a lot more in the professional press about HMRC issuing nudge letters to taxpayers in respect of potential errors on their tax returns. HMRC have…
Date posted: 24th Nov 2022
As we head towards the festive period, a lot of people may focus on completing their tax returns over the festive period or gathering information to complete this…
Date posted: 7th Nov 2022
Where a person has a property portfolio, they may consider giving away one or more of their investment properties during their lifetime to reduce the inheritance tax payable…
Date posted: 7th Nov 2022
The VAT rules are clear – input tax cannot be claimed on the purchase of a new or used car that is made available for any private use….
Date posted: 7th Nov 2022
Employers can pay employees a mileage allowance if they use their own car for business journeys. The Government have recently cleared up confusion as to what can be…
Date posted: 4th Nov 2022
Many owner-managed businesses will pay dividends as a form of remuneration to director-shareholders, as this can be tax efficient (although there are instances where it is not!). However,…
Date posted: 4th Nov 2022
As interest rates continue to increase to levels not seen since 2008, there may be a potential knock on tax impact for those with savings. In 2008, the…
Date posted: 4th Nov 2022
If you have received a letter from your employer’s pension company advising that your pension contributions are in excess of the standard pension annual allowance of £40,000, it…
