Tax Return Adviser Ltd
Newsletters
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Reduce the CGT on property gains
The tax rates on gains made from selling a residential property are 40% or 80% higher than those for other types of gain. How can sellers use an HMRC approved tax break to reduce the tax bill?
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Important tax announcements from Spring Statement
The Spring Statement isn’t traditionally associated with significant tax changes, but there were some very important highlights from the 2022 version. What are the key points?
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Ensure suppliers don’t charge VAT incorrectly
HMRC officers will often check that a business has not claimed input tax on supplies that should be exempt, zero-rated or outside the scope of VAT. It can only claim correctly charged VAT. What are the three main risk areas that businesses should be aware of to avoid a problem with HMRC?
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Escaping the directors’ NI trap
Payroll software works out the correct amount of NI contributions on employees’ salaries but when a director is appointed or resigns special rules apply which can throw the figures out. What steps can be taken to avoid this trap?
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Taking advantage of exemptions for entertainment
Generally, the cost of business entertainment isn’t a tax-deductible expense. However, it can be where it relates to employees. How far does this exception stretch and does it make staff entertainment tax efficient?
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Tax efficiency for directors of state pension age
A director of a small company reached state pension age and so is no longer liable to NI on salary. To improve tax efficiency should they change how they take income from the company, especially in view of the extra tax payable on dividends from 6 April 2022?
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