Article Database
INVESTIGATIONS
New era for tax investigations?
The Taxman says that he's now taking a much harsher line in suspected cases of fraud. Surely that couldn't include you? More...
VAT
Changes to EU sales reporting
If you're registered, your VAT return must include figures for EU purchases and sales, but you might also be required to provide EC sales list or Intrastat reports. When do these apply and how are they changing? More...
PROFIT EXTRACTION
The importance of dividend timing
Overdrawing your director's loan account can land both you and your company with a tax bill. A common way of dodging this is to pay a dividend after the end of the financial year, but this won't work in every case. Is there a better option? More...
EXPENSES
Tax relief for buying equipment for your company
Strict rules limit tax deductions that employees and directors can claim for work-related expenses. They must be incurred as part of doing your job, but there are exceptions, such as loan interest. In what circumstances can you make a claim? More...
PAYE
How to escape PAYE penalties
The first raft of appeals against the Taxman's PAYE late payment penalties have recently been decided by the tribunals. The process for levying these penalties is subjective, so what steps can you take to avoid or defeat them? More...
CAPITAL GAINS TAX - CASE LAW
Can selling part of your business qualify for ER?
Where you sell your business and entrepreneurs' relief (ER) applies, you'll only pay tax at 10% on any gain you make. But where you just sell assets rather than the whole or part of your business, the Taxman argues ER isn't due. Is he right? More...
INVESTMENTS
Tax-efficient investment for your grandchildren
The anti-avoidance rules which affect parents investing for their children don't apply to grandparents. This means there's a wider range of investment choices, including government schemes, but what are the most tax-efficient options? More...
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