Tax Return Adviser Ltd
Newsletters
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Tax planning for the basis period reform
The forthcoming basis period reform can increase the profit on which traders are taxed for 2023/24. However, within the rules there’s room to make this more tax efficient. What steps can traders take to achieve this?
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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?