Tax Return Adviser Ltd
Newsletters
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The hidden inheritance tax on gifts
The usual advice is that potential inheritance tax (IHT) payable on gifts starts reducing (tapering) once three years have elapsed, and after seven the gift is IHT free. However, the three-year deadline is often an illusion. Why?
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Are you completing the outputs box correctly?
HMRC’s computer checks that the outputs and inputs boxes on your VAT returns appear credible. How can you reduce the risk of an HMRC compliance query due to problems with your Box 6 outputs figure?
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2022/23 P11Ds - all you need to know
Now that you’ve got the first month of the new tax year out of the way, it’s a good time to turn your thoughts to the completion of P11Ds on non-payrolled taxable employee benefits. What do you need to be aware of this year?
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For how long can HMRC pursue a tax investigation?
The First-tier Tribunal (FTT) recently ruled on a case brought by taxpayers attempting to put an end to an HMRC enquiry into their tax returns. Complex tax issues were involved but did this allow HMRC carte blanche to drag out the investigation?
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Why the hike in the MPAA is good news for pension savers
The Budget announced a big increase in the money purchase annual allowance (MPAA). How will this change create an opportunity for tax planning and remove many taxpayers from an unfair tax trap?
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A tax-efficient way to make good use of dividends
Usually, the most tax-efficient method of extracting profit from your company is dividends. If you don’t have an immediate need for the income you could, in the right circumstances, use the dividend to increase its tax efficiency. What’s involved?