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January 2018 Q&A

January 3, 2018
Q. I have recently bought a residential property to rent out. To enable me to purchase this property I took out a mortgage on my…

Do you have what it takes?

May 12, 2010
Note that this is a shortened version of a detailed guide I have put together. The full guide goes into details about the thinking…

MTD VAT regulations to be available by April 2018

The government has confirmed plans to publish and consult on draft VAT regulations for Making Tax Digital (MTD), with the aim to…

Holiday Pay

February 17, 2015
There has been some panic whipped up in the media about employers having to pay vast amounts of back-dated holiday pay to employees…

Tax Tips – July 2011

July 8, 2011
This is a round-up of questions that have been raised by clients over the past few weeks. They are being posted here for general…

A possible, unwelcome increase in service charges

December 13, 2018
in VAT
From 1 November 2018, owners of properties on estates or sites that are obliged to pay service charges to a management company -…

Cash is not Profit and Vice Versa

December 7, 2022
The purpose of a business is to make money, and that means you have to know the difference between profit and cashflow. Net profit…

Dividend Allowance

Legislation included in Finance Bill 2016 implements the new 0% rate for dividend income, as well as changing the rates of tax for…

Update on Intermediaries Review

November 25, 2015
The government estimates that around £420m a year is lost in tax and NICs by taxpayers ignoring or manipulating the intermediaries'…

EIS Assurance

June 24, 2015
The Enterprise Investment Scheme (EIS) provides some very attractive tax incentives for investors who subscribe for shares in small…

Making Tax Digital: PTA’s

As part of a £1.3bn investment to transform HMRC into one of the most digitally advanced tax administrations in the world, HMRC…

Increase in the cash basis threshold

April 26, 2017
As announced at the 2017 Spring Budget, the threshold for traders using the cash basis for accounting purposes is increasing from…

November 2014 Q&A

November 1, 2014
Q. Last year I bought a run-down pub and converted it into a restaurant. I registered for VAT after the work was done, but before…

Capital Gains Tax and the Family Home

August 15, 2011
This is the third and final post (at least for now) relating to tax on properties. It covers capital gains tax on your main residence.…

IR35: The future for Intermediaries

September 20, 2015
The Summer Budget 2015 contained an announcement that the government is to consult on proposals to improve the effectiveness of…