Tax Return Adviser Ltd
Newsletters
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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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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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