Dividend Waivers - The Best Tax Planning Opportunity
Dividend Waivers: Great tax-planning opportunity, but Beware! Shares are normally distributed fairly equally among the shareholders when a company is first set up. As the company grows and [...]
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The patent box – can it reduce corporation tax liability?
The patent box – can it reduce corporation tax liability? From time to time, a change occurs that significantly shifts our reference points. The Patent Box transforms Patent rights from being [...]
HM Revenue and Customs (HMRC) Tax Relief
Research and Development Tax Relief In his Budget 2014 speech, Chancellor George Osborne announced, "If Britain isn’t leading the world in science and technology and engineering, then we are [...]
Capital Allowances Rates 2017- 2018 | Annual Investment Schemes | Car Allowance & How to Claim
What are Capital Allowances? Capital allowances are a way of reducing tax when your business buys a capital asset. They are considered as another business expense and thus reduce your taxable [...]
Are you a property-tax dodger?
Are you a property-tax dodger? It’s no joke! Have you heard that property gain or income has recently been identified by HMRC as an area rich in undeclared taxes? HMRC’s latest tax-avoidance [...]
Abolition of 55% "Death Tax" on Pensions
Abolition of 55% "Death Tax" on Pensions Chancellor George Osborne announced at the Conservative Party conference in Birmingham that he will abolish the 55% tax currently payable on pension funds [...]
Undeclared income is an area of lost revenue that HMRC
Nothing to Declare! Undeclared income is an area of lost revenue that HMRC has been keen to uncover, ploughing sizable resources into its e-marketplace initiative – a clampdown on online traders [...]
Generous Tax Relief
How to Benefit from Generous Tax Relief: Invest in EIS and SEIS The Enterprise Investment and Seed Enterprise Investment Schemes are similar, except that SEIS is specifically for investors who are [...]
Real Time Information (RTI): The Pain of Penalties
Real Time Information (RTI): Important Guide and date of RTI Real Time Information, or RTI – are you on top of it? By 2016, every employer must make a Full Payment Submission (FPS) to HMRC each [...]
Should I charge interest on money I lend to my own limited company?
Should I charge interest on money I lend to my own limited company? The answer is very clear, if you lend money to your company, YES, you should definitely charge interest at the commercial [...]