It is important to know what you should be able to claim tax relief on within your business.Read more
Businesses that employ staff have an obligation to collect and pay taxes to HMRC in relation to that employment.Read more
Companies and self-employed individuals in the UK have a number of obligations in relation to the taxes they may have to pay to HMRC.Read more
The Construction Industry Training Board (CITB) impose a levy on employers in the construction industry.Read more
Here are some of the most common frequently asked questions answered by our VAT & Indirect Tax expert Ruth Corkin:Read more
A cautionary tale for how it can go so wrong.Read more
Our helpful guide on how you could make savings on Stamp Duty Land Tax. We have seen a number of clients overpaying their SDLT liability as they were unaware that their recent property purchase qualified for a relief.Read more
We believe that this is the first stage in building a system by which almost everyone will effectively provide the information so-far provided on a tax return but sooner. Read more
Companies that carry out research and development (R&D) can often reduce their tax bills by claiming relief for some of their R&D expenditure.Read more
If you run your own business as a sole trader (rather than through a company) you should register for self-assessment so that HMRC can issue you with an annual tax return. Read more
The questions below relate to the purchase of residential properties by individuals and are ones we answer on a daily basis.Read more
The question you need to ask yourself is, “would you live there?” If the answer is no then you may have an opportunity to claim overpaid SDLT.Read more
On 13 November 2020 HMRC changed their view to confirm that the 3% surcharge will not apply to a transaction which includes dwellings and non-residential property where Multiple Dwellings Relief (“MDR”) is claimed.Read more
Buy-to-let landlords have been affected by a series of legislative changes in recent years, from Stamp Duty Land Tax (SDLT) rate hikes to restrictions on mortgage tax relief.Read more
Experience and research has demonstrated that, in the modern environment not only do staff respond to incentives but, they actually attach a value to the way they are treated.Read more
Enterprise Investment Scheme (EIS) is a government scheme to attract investment into smaller companies. The main benefits of EIS are:Read more
Land Remediation Relief enables businesses to claim corporation tax relief of 150% of the cost of cleaning up contaminated land or buildings.Read more
Despite the increase in company car tax rates in recent years, there are now many incentives for business owners to run low emission vehicles through their companies and take advantage of the reduced tax rates on offer.Read more
The remuneration of many directors and employees is made up of more than just a basic salary. This factsheet gives guidance on some of the main types of benefits and expenses which may have taxation implications.Read more
The Apprenticeship Levy will be imposed on certain UK employers to fund new apprenticeships.Read more
From April 2016, legislation was introduced providing clarity as to what small benefits are deemed to be trivial and therefore exempt from tax and reporting obligations.Read more
Software may qualify for enhanced research and development (R&D) relief in two respects:Read more
For the purpose of tax reliefs, Research and Development (R&D) takes place when a project seeks to achieve an advance in science or technology.Read more
Companies that carry out research and development (R&D) can often reduce their tax bills by claiming relief for some of their R&D expenditure.Read more
The new Patent Box regime will apply a 10% rate of corporation tax, broadly to profits derived from patents, phased in over five years from 1 April 2013.Read more
SEIS is designed to help small, early-stage trading companies to raise finance by offering a range of tax reliefs to investors purchasing new shares in those companies.Read more
Business Asset Roll Over Relief allows you to defer tax on gains when certain assets (“old assets”) are disposed of.Read more
EMI has been designed to be particularly attractive to small and medium sized companies to enable them to reward and motivate key employees in the form of share options.Read more
EIS is designed to help smaller trading companies to raise finance by offering a range of tax reliefs to investors purchasing new shares in those companies.Read more
If you own a commercial property or furnished holiday let, capital allowances are a valuable form of tax relief.Read more
ATED is an annual tax payable mainly by companies that own UK residential property valued at more than £500,000.Read more
All UK VAT registered companies are entitled to recover VAT they have suffered in each of the other 27 member states.Read more
Doing business overseas is invariably complicated. It is necessary to consider completely different cultural issues, markets, regulations, laws, and tax regimes.Read more
The general rule is that you should be cautious about buying capital assets inside a company. Read more
HMRC do recognise that sometimes companies get into cash flow difficulties. They will allow payment plans if they meet several criteria:Read more
The VAT regulations are never to be underestimated. They are complex and the powers of the Customs side of HMRC are draconian. Read more
Corporation tax has to be paid quarterly when a company is large or very large.Read more
The government, and certain papers (in a somewhat hypocritical manner) would have us believe that you can never pay too much tax! We think that there is, however, a difference between tax and charitable giving, and we see our role as making sure that the tax you pay is the minimum that you need to pay, and no more.Read more
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