Tax Return Adviser Ltd
Newsletters
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Manage your DLA to counter HMRC’s interest rate rise
A significant rise in the official rate of interest is expected for April 2023. If you’ve borrowed money from your company, what steps can you take to mitigate any extra tax and NI costs?
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When are late penalty points wiped off HMRC’s system?
HMRC will now issue a VAT penalty point for each late VAT return you submit and persistent lateness will lead to financial penalties. But what action can you take to wipe these points off your online account with HMRC?
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Cash basis accounting trouble for new landlords
You’re preparing the first accounts for your property rental business. HMRC says you can only claim tax relief for expenses paid after the business started. Does this mean you get no relief for the costs incurred earlier in order to let the property?
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Alternative tax break for homeworking
The tax deductions that HMRC allows for expenses for directors and employees who work from home seem stingy, especially considering the huge hikes in energy costs. How can you obtain a more generous tax deduction?
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Should you pay staff for untaken holiday?
If your holiday year ended on 31 December, you may now be getting queries from employees as to whether they can receive a payment in lieu for any untaken leave. What are the rules?
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Travel expenses between UK and overseas workplace
You’re sending one of your employees to mainland Europe for a job that will take several months to complete. What’s the tax and NI position if you pay for a return trip to the UK for purely private reasons?
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