Tax Return Adviser Ltd
Newsletters
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Varying an inheritance to save tax
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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What’s the VAT treatment of gifts to staff?
You want to reward staff for meeting certain targets. Instead of giving them a cash bonus, you will provide them with free goods from your retail stock. What are the VAT issues for your business?
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Avoiding a loan charge without repaying in cash
Borrowing money from your company can result in a tax charge for it. This can be avoided by clearing the debt within a time limit set by HMRC. But that’s a problem if you don’t have the cash to do it. Is there a tax-efficient alternative?
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Can a trust shelter company income for your children?
A friend told you that she avoided tax on dividends from her company shares by putting them in a trust for her children. Unfortunately, she was light on details of how this worked. Can avoiding tax as she described be that simple?
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Can company directors entertain themselves tax free?
You and your fellow directors have just landed a prestigious new customer and you plan to celebrate in style. Is the company entitled to a tax deduction for such expenditure?
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Invoicing: can you improve your VAT cash flow?
The economic slowdown might mean that some of your customers are taking longer to pay their invoices. This means that you cannot pay your suppliers as quickly. How could changing your invoicing procedures help your VAT cash flow?
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