Tax Return Adviser Ltd
Latest News
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Government delays MTD for income tax and basis period reform
Following vocal representation from various professional bodies, the government has agreed to delay crucial reforms to the tax system. What’s the full story?
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Special reductions and late filing penalties
The First-tier Tribunal (FTT) has considered whether a taxpayer had a reasonable excuse for filing his tax returns late. While the issue was not unusual, the FTT’s ruling was. How might its decision help reduce a late filing penalty?
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Easily avoid a life insurance tax trap
Life insurance policies generally pay out a premium in the event of the policyholder’s death. However, recently published figures from HMRC suggest that many of them are falling into an easily-avoided tax trap. What’s going on?
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Government unpicks the pension triple lock
Pensioners had been in line for a bumper increase in the state pension from April 2022 under the triple lock rules. However, the government has now confirmed this will not go ahead. What’s going on?
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Practical guide: discounts and incentives - the VAT implications
Some businesses are concerned they will lose customers after the pandemic unless they offer discounts and credits as an incentive to trade. How is VAT dealt with here, and what happens with bad debts?
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Capital allowances - optimising tax efficiency
Tax relief for buying equipment used in a business is given as capital allowances. The directors or the company can claim the capital allowances depending on who buys and owns the equipment. But which is the most tax efficient option?