Most Recent Issue

MAKING TAX DIGITAL

Relaxation of rules to help clients

The VAT Notice for Making Tax Digital (MTD) has been updated with some important information. How will the additions make things more straightforward for your clients?
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OVERSEAS PROPERTY

Do UK tax reliefs extend to overseas property?

One of your clients is letting their former overseas home. This is shortly becoming vacant, and they are considering whether to continue letting or to sell. What reliefs apply to foreign property and why might a decision need to be made quickly?
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CLOSING A COMPANY

Tax-saving strategies for winding up a company

Your client is a two director and shareholder company. The shareholders have decided to retire and realise the value in the company in the very near future. What advice can you give them to help maximise tax efficiency?
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BENEFITS IN KIND

Shares in overseas company: are benefits taxable?

Shareholders can be taxed on non-cash benefits as if they were a dividend. However, what is the position if the company is located outside the UK and what other issues do you need to advise a shareholder client about?
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TRUSTS

How to avoid drowning in trust tax pools

At first sight, the taxation of discretionary trusts seems pretty straightforward. But there are a number of pitfalls to watch out for including tax pool shortfalls. What should you be looking out for to ensure this doesn’t arise?
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MAKING TAX DIGITAL

What are the latest hiccups with MTDfV?

Despite criticism about systems not being ready, HMRC introduced compulsory reporting under Making Tax Digital (MTD) in April 2019. Unsurprisingly, there have been a number of teething problems. What are they, and how can you best stay informed about them?
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NATIONAL MINIMUM WAGE

Latest NMW compliance issues

The national minimum wage (NMW) and national living wage (NLW) increased on 1 April 2019. Your clients have been careful to ensure that workers are paid at least the new relevant amount. But how could they be at risk of breaking the rules despite the uplift in pay?
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VAT

Three party deals: who is the agent and who is the principal?

Where there are three parties to a deal it is important to establish who is the agent and who is the principal, as the VAT treatment is different in each case. What checks can you make to ensure your clients don’t get things wrong?
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Last updated: 19.07.2019

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