Tax Return Adviser Ltd
Newsletters
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Is annual accounting for VAT worth considering?
VAT annual accounting isn’t for everyone. There are conditions for joining and, depending on the business, it might not offer any advantage. In what circumstances is it worthwhile considering?
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Avoid missing out on relief from stamp duty land tax
The First-tier Tribunal was asked to decide if the purchase of a property qualified for multiple dwellings relief (MDR). It was a close call but the judgment went HMRC’s way. What can be learned from this case that might help ensure a successful claim?
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Splitting a business: avoiding a HMRC headache
An individual trades as a car dealer and vehicle repairer and is keen to help his son start a new valeting business, which will trade on the same premises. Will HMRC treat this as part of the VAT-registered main business, and if so how can this be avoided?
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Hidden benefit of the new extended loss relief
The new extended tax loss relief seems straightforward but a closer look reveals an opportunity for sole traders and business partners to save more tax than first appeared. What do they need to know?
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Property letting: is it a repair or an improvement?
During the coronavirus lockdowns, many landlords may have taken the opportunity to carry out work on their properties - especially if these have been empty. How can they differentiate between "repairs" and "improvements" in order to maximise income tax relief?
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Using pension recycling to help fund coronavirus shortfall
A company is struggling for cash in the wake of the coronavirus lockdowns. It has approached its bank for a loan but the interest rate being offered is eye-watering. How could it use pension recycling as a tax-efficient alternative?