Income tax and capital gains tax reinvestment relief is available to investors in the Seed Enterprise Investment Scheme (SEIS). Income tax relief is available to ... Continue Reading
As highlighted in Tip 34 PAYE should be paid on time each month to avoid late payment penalties.However, to avoid getting caught out by bank holidays and weekends, ... Continue Reading
The tax rules state that the purchaser’s entitlement to capital allowances in relation to commercial property are restricted to the disposal value that the ... Continue Reading
Special rules apply to short life assets. If the expected useful life of the asset is no more than eight years from the end of the chargeable period in which the ... Continue Reading
You can save yourself a considerable amount of time, effort and expense by finding out whether you still need to complete a Return after changes in your circumstances.HMRC ... Continue Reading
HMRC do not have the power to tell a landlord how much to charge for the rental of their property but they can restrict the amount of expenses claimed against any ... Continue Reading
Due to the way the tax rules work, it is possible to have a deduction for a bonus declared in a set of company accounts and pay this up to nine months after the ... Continue Reading
If a gift of property is made to a non-spouse/civil partner, capital gains tax (CGT) is charged on the donor as if the market value had actually been received. However, ... Continue Reading
Smaller VAT-registered businesses can save a significant amount of work by joining the flat rate scheme. The scheme can be used by businesses that have taxable turnover ... Continue Reading
Tax relief on pension contributions is available on contributions up to the annual allowance. To the extent it is unused the annual allowance can be carried forward ... Continue Reading
