Tax Return Adviser Ltd
Newsletters
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Shrink the tax bill on your investment bonds
An investment bond you bought a while ago is about to mature and pay you a large lump sum. Your financial advisor says there will be a significant tax bill to pay on it. What steps can you take to reduce this?
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Avoid losing the right to sole-trader losses when incorporating your business
The First-tier Tribunal (FTT) recently considered a claim for relief for losses made by a sole trader to reduce the tax payable on income he received from his company. How did the FTT rule and why?
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Company loans: how can you avoid a benefit charge?
You need to borrow money to pay for home improvements. Your company will advance you the cash if you pay it interest at HMRC’s official rate to prevent a benefit in kind. How can a little-known tax break protect you from interest rate rises?
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Wrongly claimed input tax: use a concession
HMRC has identified that one of your suppliers is no longer registered for VAT, so should not be quoting their VAT number on their sales invoices and you should not claim input tax. An assessment is likely, but is there a potential escape route?
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Surrendering a lease: a hidden tax trap
Several years ago you signed a lease on a business premises which is now too big for your needs. The landlord has agreed that you can surrender the lease if you pay a fee. Can you claim a tax deduction for this?
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Tax cuts central to mini-Budget
The rumours ahead of the mini-Budget were all about tax-cutting measures, and the new Chancellor didn’t disappoint. What key changes were announced?
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