Tax Return Adviser Ltd
Newsletters
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New scheme for selling services to EU consumers
A business sells services to consumers in the EU. The place of supply rules mean that they are subject to VAT in the customers’ countries. Does the business need to register for VAT in each one or is there a simpler option?
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How much tax relief for losses can a trader claim?
The pandemic resulted in a hefty loss for a trader's business last financial year. The loss can be used to reduce tax on their other income, but relief is capped. What does this mean and what can they do to increase the amount of relief?
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Health and social care levy impact
The two-year implementation of the health and social care levy will see significant increases for businesses and a reduction in pay for employees. What details have emerged so far?
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Repaying a director's loan account with dividends: is it worth accelerating the payment?
A director shareholder borrowed cash from their company last year and the plan was to clear the debt with a dividend from the company next tax year. The trouble is by then the new higher dividend tax rate will apply. Should they clear the debt sooner?
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IHT efficient business gifts
It’s well known that the value of a business escapes inheritance tax (IHT) if it meets the conditions for business property relief. But if it's a family business there are other ways it can be used to reduce the estate for IHT. What are they?
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Avoiding problems with dividend types
The director shareholders control a company’s dividend payments but the rules that determine when they are taxable vary depending on the type of dividend. How can companies ensure they are taxed at the right time for maximum efficiency?