Article Database

Search results: 9 article(s) found in year 16, issue 20

TAX RATES

Brexit - will it affect your tax bill?

Before the vote the Chancellor indicated there could be massive tax rises if we chose to leave the EU. Was this just campaign talk or should you brace yourself for some substantial changes to the tax system? More...

INVESTIGATIONS

An interesting case of poor record keeping

The First-tier Tribunal had to rule on whether HMRC had the right to impose its estimates for tax deductible expenses in place of those claimed by the taxpayer. The decision turned on the quality of record keeping. What was the outcome? More...

VAT

Residential buy-to-lets and VAT

It’s no secret that the buy-to-let market has recently been targeted with increased and additional taxes. However, some landlords might be overlooking a tax-saving opportunity. What’s involved? More...

PAYE

Take control of your tax code

HMRC can spring surprise changes to your tax code in an attempt to collect more tax sooner. However, you’re not always obliged to accept the figures even if HMRC has got its sums right. When can you override a tax code? More...

CAPITAL GAINS TAX

Can you turn falling share prices into financial gains?

If shares take a tumble, the hope is that if you sit tight values will recover. But there can be a tax advantage in selling and repurchasing shares in this situation. How does it work? More...

BENEFITS

Buying a home with company money

You want to move to a bigger home but the mortgage borrowing limits are proving a problem. Your company could instead buy it or provide cash, but what are the tax consequences? More...

CAPITAL ALLOWANCES

How much AIA can you claim?

You’ve just spent £2,900 on a high-end PC for your home office on a buy-now-pay-later contract. Your family will make some use of it and your company will pay a contribution to the cost. What tax allowances can you claim and when? More...

EXPENSES

HMRC’s updated list for approved expenses

PAYMENTS

Don’t miss the Class 1A NI deadline

Last updated: 07.08.2020

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