Voluntary disclosure
Voluntary disclosure involves individuals or businesses coming forward to inform HMRC of any errors or omissions in their tax returns, unpaid taxes or any other
Voluntary disclosure involves individuals or businesses coming forward to inform HMRC of any errors or omissions in their tax returns, unpaid taxes or any other
Earlier this year, HMRC sent ‘nudge’ letters to social influencers who they suspect may not have declared the tax that they owe. They have also
If you need to file a Self Assessment tax return for 2022/23, you have until midnight on 31 January 2024 in which to do this,
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Many businesses view entertaining clients and customers to be an important part of their marketing budgets, whether as a networking opportunity, a thank you for
Trivial benefits have their own tax exemption, which if used wisely can be used to treat employees. The exemption can also be used by personal
In an alphabet share structure, each shareholder has a different class of share. For example, one shareholder may have A ordinary shares, another B ordinary
If you have paid too much tax, you will be able to get a refund from HMRC. The mechanics for obtaining your refund depending on
Taking on a renovation project can be hugely appealing, particularly if the property is subsequently sold at a profit. However, from a tax perspective, it
If you let a furnished property, it is very likely that you will need to replace domestic items from time to time. A specific relief
Tax repayment claims are usually made via the submission of a tax return. The time limit for amending a return (whether individual or company) is
A tax charge may arise under the benefit in kind legislation where a company van is available for an employee’s private use. If fuel is
To encourage pension savings, tax relief is available on contributions made to registered pension schemes. However, there are limits on the contributions that can qualify
For a brief period it seemed that the days were numbered for the additional rate of tax following the announcement in the ill-fated mini Budget
Directors’ loans can be tricky from a tax perspective. Specific tax charges apply where loans to director shareholders of close companies (broadly those under the
Property is generally a good investment, and where an investment property or second home has been held for many years, it may be worth considerably
Under the original plans, landlords with rental income (or combined rental and business income) of more than £10,000 would have needed to comply with Making
Limited liability partnerships (LLPs) are a relatively new type of business structure that came into being following the financial crisis of the late 1980s, and
Business property relief (BPR) is one of the more valuable tax reliefs available to business owners because it reduces the value of an estate for
The trading allowance enables an individual to earn up to £1,000 from self-employment, the provision of casual services (such as gardening or babysitting) or from
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