Tax Return Adviser Ltd
Newsletters
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Will a time-to-pay agreement help?
A new penalty regime for late VAT payments started on 1 January 2023. Can you avoid a penalty by agreeing a time-to-pay (TTP) arrangement with HMRC and what happens if you break the agreement?
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Problems with paying workers in cash
You hired a couple of individuals to tidy and clear part of your premises. They’ve completed the job and asked to be paid in cash. The receipt they gave was hand written on a scrap of paper. Might this cause trouble with HMRC?
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Closing a company - last ditch tax planning
You and the other shareholders are closing down a company that’s no longer needed. You’ll each make a substantial capital gain when its funds are distributed. How can you reduce the resulting tax bills?
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Low-key Budget brings pension tax reform
The 2023 Spring Budget was expected to be relatively quiet on tax measures, and this was largely the case. However, there were still some announcements to take note of. What were the highlights?
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Maximise tax relief for bad debts
Your company’s financial year ends shortly and the management accounts show a higher than usual number of bad debts. However, HMRC’s rules won’t allow tax relief for all of them. What steps can you take to improve the situation?
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Input tax recovery: key conditions
You might think that you can always claim input tax if a purchase invoice relates to your business, and you have paid the supplier who has charged you VAT. But this is not always the case. What other issues must you consider to avoid VAT problems?