Tax Return Adviser Ltd
Newsletters
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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?
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Off-the-shelf IHT solutions: pros and cons
You are considering investing in an off-the-shelf scheme to reduce the potential inheritance tax (IHT) bill on your estate. While such schemes can be effective they are expensive. What factors should you consider before investing?
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Slash your company’s corporation tax rate with pensions
The main corporation tax (CT) rate increases to 25% in April 2023. But how might your company use the higher rates to its advantage by paying extra pension contributions for its directors?
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Avoiding the child benefit trap
You recently received a bonus that will take your income over £50,000 for this tax year and so trigger the high income child benefit charge (HICBC). What steps can you take to reduce it?
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Service charge or gratuity: how can you save VAT?
If you’re in the hospitality industry, you might add a service charge to your customers’ bills. This will usually be based on a fixed percentage of the total charge, e.g. 10%. But is there an alternative way of showing this charge to save you VAT?
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Deeds of variation and retrospective IHT planning
A fair amount of inheritance tax (IHT) planning can be done through a will. However, the tax rules and circumstances of the beneficiaries can change making the IHT planning less effective. What steps can the beneficiaries take to rectify this?
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