In June 2020, the Government announced that it was making funding available to customs intermediaries and businesses to help increase their capacity to make customs
Generally, tax relief is available, but the rules are different if you’re a small business using the cash basis…
Tax relief on business-related loans Subject to certain conditions and restrictions, tax relief will generally be available for interest paid on loans to, or overdrafts
With holiday season in full swing, we explain the strict scenarios where you can deduct for business entertaining and gifts in calculating taxable profits.
Can we deduct entertaining expenses? The tax rules on the deductibility of entertaining expenses are harsh and often misunderstood – the fact that the expenditure
The last thing you want for Christmas is an inheritance tax liability! Read this blog to make sure you don’t get caught.
Beware of triggering an IHT bill on Christmas gifts When deciding what to give as Christmas gifts, the possibility of triggering an unintended inheritance tax
It can pay off to keep track of your business mileage you incur for your rental properties – here’s why.
Using your car in your property rental business Landlords will often use their car for the purposes of their property rental business. Where they do
When is a car a pool car? Rather than allocating specific cars to particular employees, some employers find it preferable to operate a carpool and
VAT refunds for DIY builders If you build your own house or convert an existing property into a home, you may be eligible to apply
Make sure to share this article with anyone you know who runs a family business – so they can take advantage of the many ways to lower their tax bill!
Optimising tax-free benefits in family companies Making use of statutory exemptions for certain benefits-in-kind offers an opportunity to extract funds from a family company without
A quick summary of the new tax bands for CO2 car emissions which will be introduced from April next year:
Are low emissions cars tax efficient? Significant changes are being made from 2020-21 to the company car tax benefits-in-kind bands affecting ultra-low emission vehicles (ULEVs).
Furnished holiday lettings – is it worth qualifying? When it comes to taxing rental income, not all properties are equal. Different rules apply to properties
At first sight, the calculation of a capital gain or loss on the disposal of an asset is relatively straightforward – simply the difference between
Today’s blog covers the things you need to know about entrepreneur’s relief to reduce capital gains tax.
Entrepreneurs’ relief is intended to reduce the rate of capital gains tax to a flat rate of 10% on certain qualifying business disposals. Certain aspects