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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
Enterprise Management Incentive Scheme
on 18/10/2019 10:51, by graking91

Whilst this is not strictly a pure tax enquiry it relates to an EMI scheme I am considering setting up for my employees. I just do not know how to calculate the number of shares to award my employees. I have read a lot about how the schemes operate but not much ... Continue Reading

IHT calculation
on 17/10/2019 21:44, by Loobylou

Hi Don’t know much about IHT calculations I’m totally confused. Need to work out IHT for following Nil band rate of £325000 used up £400k house £300k cash/quoted shares £100k share in business partnership (over 2 years) £5k liabilities Residue to be ... Continue Reading

What constitutes "a place of business" ?
on 16/10/2019 18:48, by Blackrod Bob

It's been interesting watching the battle between VOA / the Tax Man and Supermarkets and the like about how VOA considers ATM's to be a separate business and liable to be taxed as such, link below... Following ... Continue Reading

Private use
on 16/10/2019 16:05, by kanrent

I'm non resident British citezen and let my property to tenants so as from 2015 I'm liable for CGT when I sell it. During the period while it was being let I fenced of 50% of the garden and kept it for my own private use to store my things, would this portion be ... Continue Reading

Simple assessment & higher rate child benefit charge
on 16/10/2019 03:03, by Dp73

A friend has received a simple assessment from HMRC for 17/18 & 18/19. Due to an error in her tax code (which she had not noticed, due to lack of knowledge), she has to now pay £4k of tax which had not been collected through PAYE. She accepts her mistake and ... Continue Reading

Best option to transfer income to spouse
on 15/10/2019 21:35, by Racheee

We are lucky enough to keep a property that was once my husband’s main residence for 9 years. He is the sole legal owner and I have never lived in the property. Since mid 2016, the property has been rented out and the income declared on my husband’s tax return. ... Continue Reading

Accounting Period for Partnership
on 15/10/2019 20:09, by Giedre

Hello. I would like to get some advice regarding my partnership tax return. Can my account period be 1st October to 1st July? I am a little confused about this term reading about it in different places of partnership notes, etc. I got the impression that the accounting ... Continue Reading 5%VAT
on 15/10/2019 16:54, by imanooo

Hi everyone, I have an invoice from for a business trip whereby the hotel charged us 8% of VAT. Does anyone know how to enter this in Quickbooks since in this software there is only 20%, 5% and 0% VAT? Continue Reading

Tony Talks - 

ICPA Chairman, Tony Margaritelli discusses Defining Moments that made him go WOW and he takes a look at GDPR which hasn't gone away in his latest in practice blog.