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A round up of our latest blogs, commentary or office news. Get in touch if you need more details on any of the topics covered.

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A real employment?

Craig Simpson, Tax Partner at Bates Weston draws attention to the dangers of paying wages to relatives. A recent First Tier Tribunal Case finds that wages paid by a self-employed individual to his son were not deductible for tax purposes. The case of Nicholson v...

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Tax bands and allowances

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...

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Year end tax review 2018

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...

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Childcare Vouchers

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,...

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Charities materially misstate accounts

The Charity Commission expects trustees to take compliance with accounting requirements seriously. It was not impressed with the 97 charities, with a collective income of almost £195 million, who filed accounts where their auditors stated that the accounts were or...

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Company demerger options

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...

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HMRC settlements on EBTs

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...

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Trading and property allowances

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 businesses...

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R & D tax relief under-claimed

R&D tax relief still under-claimed Every year HMRC publish statistics about the take-up of the very generous Research & Development tax credit regime and this year’s review has yet again illustrated that the relief is often underclaimed.  It seems that many...

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HMRC’s definition of a car

When is a car not a car? The difference between a company car and a van is not just aesthetic or practical, it has an impact on your tax bill. Graham Buckell, Tax Partner at Bates Weston looks at HMRC's definitions of a car, a van and a "car derived van" or "combi...

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Making Tax Digital for VAT

The Finance Bill 2017 proposes HMRC powers to introduce regulations for businesses with turnover above the VAT threshold to keep records digitally (for VAT purposes only) and to submit VAT info to HMRC through MTD compatible software from April 2019. MTD will also be...

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Top 5 tax tips

As tax advisors, some themes come up time and time again and so we thought it might be useful to share our Top 5. Salary & dividend mix Owner managers have the benefit of being able to decide how they remunerate themselves with a combination of dividend and...

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