Entrepreneur relief on incorporation Gone
Good-Bye to Entrepreneur’s Relief on the "Goodwill" of the business The knock-on effect of one of the latest anti-avoidance measures by government has kicked Entrepreneur’s Relief (ER) into the [...]
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VAT Moss
VAT MOSS and Digital Services supplied to consumers in the EU Do you supply broadcasting services, telecommunications and e-services or digital services to consumers/clients in the European Union? [...]
Highlights of the Autumn Statement
Highlights of the Autumn Statement 2014 The Chancellor’s Autumn Statement was cautious; he offered a select few sweeteners to the general electorate, all tax payers and SMEs. This autumn [...]
Stamp duty budget changes
Stamp Duty Reform: saving money on property purchases In his Autumn Statement, the Chancellor announced the reform of Stamp duty on residential properties under £937,500, hoping to make the tax [...]
Gift of Trading Stock
Charitable Donations: Gifts of Trading Stock We blogged recently on tax efficient ways of donating to charity and now the focus is on the tax benefits of making gifts of your company’s trading [...]
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 [...]
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 [...]