When a system is so complex, that it defeats HMRC’s own online system and they resort to asking you to submit your return on paper, alarm bells should be ringing. Graham Buckell, Bates Weston tax partner, sheds some light on the complex interactions between allowances...
Year end tax review 2017/18 The key to minimising your tax bill is planning ahead and working with your advisors to make sure they understand your plans, both in the short and the long term. If your personal or business circumstances are changing, if you are thinking...
Childcare Vouchers Using Government childcare vouchers to pay for childcare can save parent thousands of pounds a year. The scheme is operated by employers and allows childcare to be paid for from pre-tax salary. Basic rate taxpayers can buy up to £55/week voucher,...
Breaking up Company demergers can be complex, but in most cases it should be possible to demerge trades and businesses tax efficiently. Craig Simpson considers the alternatives. In any demerger there needs to be a clear view on the commercial, legal and practical...
HMRC Settlements on EBTs are back on the table Richard Coombs reminds advisors to encourage clients to settle their historic EBT liabilities before April 2019 . Employee Benefit Trusts seem to be permanently in the news these days and the recent “Paradise Papers” leak...
If your property income is less than £1,000 there is probably no need to report it to HMRC. There are exceptions and Graham Buckell takes us through the traps. “In the Budget 2016 the Chancellor announced two new exemptions for casual trading and property...
