Most Recent Issue

IR35

Presenter loses IR35 appeal

A BBC presenter has failed to convince the Upper Tribunal that her work was outside the IR35 rules. Why does this ruling have a significant impact and what key aspect of the decision do contractor clients need to know about?
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OFFSHORE TRUSTS

How to deal with offshore trust distributions

You have just taken on a new client who is a beneficiary of an offshore trust. They have received capital distributions from the trust but have not reported these to HMRC. Do they have a tax problem?
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VAT

An alternative to disapplying an option to tax

A client is selling land which they have opted to tax. The buyer, a housing association, intends to issue a certificate to disapply the option. Will this have consequences for your client and is there an alternative you can suggest?
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DEALING WITH HMRC

Using the new agent forum effectively

The agent forum is now the main way for you to raise general, i.e. non-client specific, issues with HMRC. It’s just been revamped, so what do you need to know to use it effectively?
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EXPENSES

Are voluntary work expenses tax deductible?

One of our subscriber’s clients is helping a local charity with a project. The company is undertaking the work for free but will bear the cost of materials and the employees involved. Can they deduct these expenses in their accounts?
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TAX-EFFICIENT INVESTMENTS

Help to buy ISA - use it now

The help to buy ISA is a relatively new type of savings account. Despite this, the scheme will close to new applicants on 30 November 2019. Why should you be bringing this deadline to your clients’ attention?
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CORPORATION TAX

Can a loss-making company make pension contributions?

Your company client usually pays large employer pension contributions for its directors but doing this now will cause a loss to arise. Is it still worthwhile to do so, or should alternative arrangements be made?
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VAT - RETAIL

Are your retailer clients overpaying VAT?

Your retailer clients do not need to issue a tax invoice for every sale they make. VAT is instead calculated by using a retail scheme. But how can they ensure they don’t overpay or make mistakes with records?
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HIGH INCOME CHILD BENEFIT CHARGE

Tax problems during major life events

BUDGET

2019 Budget scrapped

IN THIS ISSUE - INCORPORATION

Advising a client on incorporation

You are taking on a self-employed trading client. Their business had been loss making for a number of years before turning a modest profit in the most recent tax year. They have just secured a long-term contract that will see profits increase considerably and are now looking to incorporate for tax purposes. What should they consider?
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Last updated: 05.12.2019

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