Tax Return Adviser Ltd
Newsletters
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VAT and electric vehicle charging
A business owns several electric vehicles (EVs), which are used by employees for business purposes. Other employees own EVs and the company pays them a mileage rate for their business trips. How much input tax can the business claim on the costs?
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When are shareholders personally liable for tax on company gains?
A company shareholder is buying a holiday home abroad. They've been advised by a local agent to own the property through a company. But their accountant has warned that this can trigger UK capital gains tax anti-avoidance rules. What are these and when do they apply?
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Flat rate scheme: new VAT return rules for imported goods
For those that use the flat rate scheme as well as postponed VAT accounting, there are new rules businesses will need to apply in the coming months. What are these, when are they effective, and how will affected businesses calculate their VAT payment each quarter?
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How to use losses in a mixed property business
An individual owns several properties, some commercial and some residential. In the last tax year they made a loss from letting some of the properties while others made a profit. What’s the most efficient way to use the losses?
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Simple ways to reduce IHT bills
People often leave inheritance tax (IHT) planning until later in life when its effectiveness can be greatly reduced. Others may be put off by the potential cost of planning products. But how might a simple family loan arrangement utilising exempt gifts help them?
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Mitigating the NI rise
The higher NI rates for 2022/23 will mean an employee on the average wage will pay around £230 per year more compared to 2021/22 and the employer will face a similar increase. How can they both legitimately reduce or avoid this extra cost?