Most Recent Issue

ENTREPRENEURS’ RELIEF

Budget change = ER trap

If your clients are contemplating selling shares, the 2018 Budget contained announcements that mean you may need to review their eligibility for entrepreneurs’ relief as a matter of urgency. What’s the story?
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INHERITANCE TAX

Help clients avoid being caught out by the deeming rules

The deemed domicile rules for inheritance tax were tightened from April 2017, making it easier for your clients to be caught in the death tax net. How has a common misinterpretation of the rule potentially caught clients out?
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CORPORATION TAX

Shorten accounting period to avoid s.455 charge

One of our subscribers has a client who has borrowed money from their company to help with a home move, but they are now struggling to repay it. Can they do anything to postpone the cutoff for the s.455 tax charge?
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CAPITAL GAINS TAX

Should you warn clients off real-time CGT reporting?

Real-time capital gains tax reporting has been around since 2017, but is little known. It appears to offer a way of reporting gains without needing self-assessment, but why might you advise clients to avoid it?
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PRIVATE RESIDENCE RELIEF

PRR and lettings relief - act now to preserve it

A number of recent cases have put private residence relief back in the spotlight. Additionally, the 2018 Budget contained some unwelcome news for potential sellers. What are the changes announced, and why is it worth reflecting on the relief for clients now?
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RESEARCH AND DEVELOPMENT

R&D relief for SMEs that have received grant funding

One of your clients has asked you to help them claim research and development expenditure. On examining the records you discover that the client has received “notified” state aid funding in respect of some of its projects. Will they miss out?
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VAT

Save VAT on professional services

Most professional services are standard-rated supplies, and can therefore cause problems if your clients are unable to reclaim VAT and need some specialist work done. How might you help to save them the VAT cost and avoid problems with HMRC?
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EXTRA STATUTORY CONCESSIONS

PRR cliff-edge

NATIONAL INSURANCE

Budget giveaway has a hidden sting

IN THIS ISSUE - VAT REGISTRATION

Practical VAT registration tips and advice

With the VAT registration threshold frozen until at least 2022, it is likely that more of your clients will be edging toward it over the coming years. What can you help them with and is it possible to avoid registration at all? What do you need to look out for if they choose to deregister later on?
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Last updated: 14.12.2018

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