Tax Return Adviser Ltd
Newsletters
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Partial exemption trap when buying services from abroad
A trader has a partially exempt business. They have used the consultancy services of a specialist in Ireland who did not charge VAT. Is this correct post-Brexit and how should the business deal with the UK VAT reporting?
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How does private residence relief work for married couples?
An individual recently married. He and his wife live in the property he owned as his home for several years. He wants to transfer a share of it to her. If they sell in a few years’ time, what will their respective capital gains tax (CGT) positions be?
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Is NMW due for sleep-in shifts?
Following the 2021 Supreme Court ruling in the Mencap case, guidance has been updated on handling sleep-ins for national minimum wage (NMW) purposes. What’s changed for affected businesses?
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Dealing with tax on income received after trading ceases
Poor trading over the last year was the final straw for a builder and he decided to stop trading. He’s looking for buyers for the business premises and other assets. What tax will he have to pay on the proceeds?
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Is pension relief being claimed?
If individuals make pension contributions personally or through their firm’s workplace scheme they're entitled to tax relief. However, thousands of people fail to claim this relief to the tune of an estimated £830m each year. How can they avoid missing out?
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VAT: is there a reasonable excuse due to coronavirus?
A business has experienced myriad problems due to coronavirus, including homeworking, cash flow and senior staff illness. Does this give it a reasonable excuse to appeal against any subsequent default surcharge?