A Walk Through the Inheritance Tax Forest Part 1
---------------------- This is a sample excerpt from our brand new Business Tax Report - Inheritance Tax: Key Strategies And Insights Explained Save 40% Off Today --------------------- Misnomer Althou...
IR35 Explained: Navigating the Off-Payroll Rules (Part 2)
In the second of two articles, Peter Rayney explains how to navigate the IR35 and off-payroll working rules Last month, I looked at the original IR35 regime. Broadly, its objective was to prevent avoi...
Simple Assessment Letters: What They Mean for You
Sarah Bradford explains when a taxpayer may receive a simple assessment letter and when they can set up a ‘time to pay’ arrangement to pay in instalments. Simple assessment is used by HMRC...
Download
this month's
101 Practical Tax Tips eBook
101 Practical Tax Tips eBook
Private Use Costs: Are You Claiming Correctly?
Joe Brough provides a reminder of how and when a private use element should be calculated for the self-employed and property landlords. Following the launch of HMRC’s digital campaign, now is a ...
Does Pre-Trading Count for BADR?
Mark McLaughlin looks at when preparing to carry on a trade can count towards a company’s two-year trading requirement for business asset disposal relief purposes. Business asset disposal relief...
Selling a Buy-to-Let? Which Costs Are Tax-Deductible?
Sarah Bradford outlines the type of costs that a landlord may incur while a buy-to-let property is on the market and the extent to which tax relief is available for those costs. Many private landlords...
Broken Items in Rentals: When Can You Claim RDIR?
Jennifer Adams looks at when landlords can make a claim under the 'replacement of domestic items relief' (RDIR) for the cost of broken items in rental properties. When tenants occupy a rental ...
Property Incorporation: The Tax Reliefs That Matter
Nick Wright highlights crucial tax reliefs that can make or break property portfolio incorporation. Property portfolio incorporation triggers substantial tax charges, including capital gains tax (CGT)...
Excess Company Cash: What Should You Do With It?
Jennifer Adams looks at some options to consider if companies have more cash in their bank accounts than is needed for their day-to-day operations or future needs. Whilst having a large bank balance r...
Partnership Appeals: What the Nominated Partner Controls
Kevin Read examines the appeal rights within partnerships. The ‘nominated partner’ of a partnership is responsible for: filing the partnership tax return; dealing with matters arising from...
When HMRC Gives Wrong Advice: What Are Your Rights?
Andrew Needham looks at what happens when HMRC gives a business incorrect advice or a ruling. HMRC once had a generous policy on misdirection – although it was not necessarily generously applied...
MTD for ITSA: Big Changes Coming in 2026
Richard Curtis highlights the major changes in small business accounts reporting that start in April 2026. A significant development will reshape the way small businesses in the UK manage their tax af...
Using AI for HMRC Disputes? Think Again
Mark McLaughlin warns of potential dangers for taxpayers of using AI when dealing with disputes with HM Revenue and Customs. Artificial intelligence (AI) apps like ChatGPT and Copilot have become very...
IR35 Explained: Navigating the Off-Payroll Rules (Part 1)
In the first of two articles, Peter Rayney explains how to navigate the IR35 and off-payroll working rules. The ‘original’ IR35 rules - now found in ITEPA 2003, Pt 2, Ch 8 – have bee...
MTD for ITSA: Understanding the New Penalty Regime
Sarah Bradford highlights the penalty regime applying under making tax digital. Making tax digital for income tax self-assessment (MTD for ITSA) will become a reality for self-employed traders and uni...
Unexpected Tax Charge on a Director’s Loan Account
Mark McLaughlin highlights a case where an overdrawn director’s loan account balance resulted in an unexpected tax charge for a director shareholder. Director’s loan accounts (DLAs) are a ...
Can HMRC Be Trusted to Resolve Its Own Disputes?
Lee Sharpe asks whether HMRC can be trusted to act as a judge in its own cases, and considers the options in enquiry disputes. HMRC recently published a formal consultation, ‘Improving HMRC&rsqu...
When Property Portfolio Incorporation Makes Financial Sense
Nick Wright discusses the key factors determining when property portfolio incorporation makes financial sense, from interest relief restrictions to estate planning benefits. Property portfolio incorpo...
Selling Your Home? Don’t Assume It’s Tax-Free
Mark McLaughlin warns that claims for capital gains tax relief on the sale of a dwelling-house may be open to challenge by HM Revenue and Customs in some cases. Most individuals who dispose of their d...
Taking On Staff – The Tax Considerations
Chris Thorpe outlines some tax issues for consideration by employers when taking on staff. With the growth of a business will come the need for more people to service the growing number of clients and...
