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Where Taxpayers and Advisers Meet
Latest from the Forum Post Your Tax Query Latest from the Forum
Online filing of Subsidiary Corporation Tax return??
on 14/11/2019 21:24, by DMcI

Hi All, I'm a Finance Manager in a small International Group. We have a subsidiary of the Group in UK. Very little business in the UK company; turnover <50k. As I only started with the Group this year I prepared the financial statements (micro-entity) in-house ... Continue Reading

IHT
on 14/11/2019 16:17, by musty

I am the executor for an elderly relative’s will. She has left her entire estate to her spouse and it is my understanding that as a consequence no inheritance tax will be due. Will I have to apply for probate in THE customary manner, or is there some simplified ... Continue Reading

VAT and services for private or non-business use
on 13/11/2019 12:46, by AngryVATman

I'd be very grateful for a little clarification - HMRC's webpage https://www.gov.uk/guidance/vat-private-use-and-self-supply-of-goods-and-services#services-you-use-privately states: [i]"You might sometimes purchase services for your business but then put them to ... Continue Reading

CGT on second property
on 13/11/2019 11:42, by oldenss

I bought my PPR in 2007, two years later I purchased another property and let out the first property. We are now trying to sell the second property and move back to the first property. Unfortunatly we are having problems selling the second property and as the ... Continue Reading

RNRB and Pecuniary gifts
on 12/11/2019 12:03, by Uther

I have an estate which consists of my house and a few thousand £’s. I intend to leave the estate to 5 “direct descendants” so that the estate will be “closely inherited” and RNRB will be available. Can anyone clarify if RNRB would remain available under ... Continue Reading

IHT allowances
on 12/11/2019 11:24, by popular

Our mother has very recently died and we are seeking possible IHT exemptions to which she may be entitled , over and above the customary £325,000. Her husband is still alive but due to acute dementia is in care. If and when he dies he will not use his £325,000 ... Continue Reading

P11D on a used company car
on 11/11/2019 22:03, by accountant1234

Hi, If a company car has been purchased second hand by the company for £5,600 but the original list price was ~£15k, which value should be stated on the P11D? Thanks in advance Continue Reading

Newly self-employed, key dates
on 10/11/2019 17:07, by marchombre02

Hello, I have just started doing a few days as self-employed since May 2019. I was wondering when is the deadline to register for self-assessment, was it october 2019, or is it october 2020? Will I be filling a self-assessment form and paying taxes this january ... 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.