HMRC Dispensation Service
What is dispensation? A dispensation is a notice from HMRC that means you no longer need to report expenses and benefits to them at the end of the year. With Dispensation there is no need to pay [...]
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Apply for a VAT refund
How to apply for a VAT refund on conversions and new-builds If you buy a new home from a builder or developer no VAT is payable on top of the purchase price, because new-builds are exempt from VAT. [...]
HMRC Target Undeclared Debit and Credit Card Sales
DO YOU HAVE UNDECLARED CREDIT CARD SALES? We have already alerted you to the fact that HMRC is keen to uncover undeclared income. The deficit still needs reducing, and non-compliancy and tax [...]
How to make fully compliant, tax-efficient charitable donations
How do businesses benefit from making charitable donations? Cash donations Money donated by a company to charity should be paid gross, before tax is deducted; if made in this way then [...]
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 [...]
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 [...]