Tax Return Adviser Ltd
Newsletters
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Tax-efficient bonuses for directors
A company’s accounting period is ending soon and the directors want to pay a bonus so the company can reduce its corporation tax bill. The trouble is they don’t want to pay tax on it until the following year. Is this possible?
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Change in policy for VAT on termination payments
HMRC is changing its policy on termination payments. As a result, some businesses will be entitled to a VAT refund while others will owe more. What’s the full story?
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Student loan deductions for 2022/23
We now have the final information about student loan deductions for 2022/23. What are the key takeaways from the announcement?
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Can HMRC amend tax codes unilaterally?
HMRC is busily issuing PAYE codes for 2022/23, which starts in just a few weeks. With that in mind a recent ruling by a First-tier Tribunal (FTT) is a reminder of what HMRC can and can’t include in an individual's tax code. What were the key points in the ruling?
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Charging VAT before receiving a VAT number
A business has recently hit the VAT registration threshold and duly completed the necessary forms. However, they have still not received their VAT number. Now a customer is refusing to pay the VAT element of their invoice. What should be done here?
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Two homes - maximising private residence relief
If a person owns a second home they can choose whether it or their normal home receives capital gains tax private residence relief (PRR). As strict conditions apply, what steps can maximise relief?