As well as documents showing how you worked out your SEISS claim HMRC requires you to keep records of how your business was adversely affected. Simply saying “we had less income” won’t be enough. List cancelled contracts and orders as well as indefinitely delayed work...
VAT payments due after 30 June must be paid on time or HMRC may apply surcharges. VAT which has been deferred must be paid by 31 March 2021. If you need more time for any VAT payments you can ask HMRC for a time to pay arrangement.
Minor benefits. Tucked away in the corner of the employment income tax legislation is an exemption for so-called minor benefits. This isn’t to be confused with trivial benefits - there are separate and distinct rules that apply to any type of perk that costs an employe...
A major side effect of coronavirus is that employees have been asked to work at home wherever possible. They may incur additional domestic costs as a result. From a tax perspective what does this mean for employers and employees?
Your company needs an injection of money. The bank will charge a stiff interest rate even if it agrees to a loan. How might you be able to use your pension fund to provide cash and increase tax relief?
Stamp duty land tax (SDLT) rates differ depending on whether the land or building you’re buying is for business or residential use. A solicitor can handle the admin but what checks should you make to ensure you’re paying the right amount of SDLT?
While getting your business off the ground you neglected your pension savings. You want to make up for it now but your advisor tells you that the annual contribution limits will prevent this. Is there a way around them?
With just a year before a sea change in the IR35 rules is due to take effect, the tribunal’s latest judgment highlights the difficulties that businesses will have in deciding whether it applies. What’s the full story?
As a residential landlord you’ll know that HMRC is reducing tax relief on interest you pay on loans used to buy properties to let. Transferring a let property to a company is one way to avoid this, but is there a better alternative?