Tax Return Adviser Ltd
Newsletters
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Is HMRC too late to enquire?
An individual recently received a letter from HMRC saying that it’s started an enquiry into his 2018/19 tax return. A friend has told him that HMRC has missed the deadline for making enquiries. How should he respond to HMRC?
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Tax and coronavirus grants received after a business ceases
Many businesses have closed because of the pandemic despite government coronavirus grants. Special tax rules apply to these payments if they are received after a business stops trading. What do business owners need to know?
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Determining employment status - can the CEST tool be relied upon?
HMRC’s Check Employment Status for Tax (CEST) tool can be a useful aid in helping clients to determine the employment status of their workers, but its reliability remains questionable. What's to know?
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Optional remuneration arrangements: the VAT considerations
An employer offers their staff an optional remuneration arrangement as an alternative to some of their salary. How should they account for VAT on the value of the arrangement?
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Employee loans and the £10,000 threshold
In 2020/21 a business lent money to one of its employees whose partner lost their job last year. At the year end, the employee has made repayments which bring the balance below £10,000. The business owner thinks this means it doesn't need to be reported. Are they correct?
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Maximise the benefit of a main residence election
Where multiple properties are used as a home, claiming the correct amount of private residence relief on a sale can be fiddly. Things can be made easier by making a private residence election. How can owners maximise the benefit?
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