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Business Tax Insider Monthly Newsletter

Subscribe to our monthly business tax newsletter and tax article library and receive news, tips and strategies guaranteed to minimise your business tax bill

For everyone interested in saving business tax, from small and family business owners to accountants
DIGITAL
- Access to digital library of 632 articles - Downloadable PDFs  
£197 / year
DIGITAL & PRINT
- Access to digital library of 632 articles - Downloadable PDFs - Plus print version delivered to your door every month
£247 / year
  • 14 day free trial
  • Up to date monthly tax saving tips
  • New tax strategies added every month (48 over the year)
  • No minimum tie-ins, cancel anytime

Business Tax Insider subscription benefits

We recently asked our subscribers what they love about Business Tax Insider.

These are the top 7 reasons that they gave us:

Here are just some of the strategies our tax experts are sharing with subscribers

  • Some company shareholders may either be unaware or have forgotten about a relatively unknown capital gains tax (CGT) relief that offers a reduced CGT rate of only 10% on qualifying gains of up to £10m during their lifetime, if certain conditions are satisfied.  

    Mark McLaughlin highlights a relatively unknown and infrequently used but generous capital gains tax relief. 

  • HMRC recently undertook a ‘One to Many’ letter campaign, wherein HMRC’s skilled data analysts undertake to mine nuggets from a huge range of sources to test for omissions or errors in tax returns. 

    Lee Sharpe reports on HMRC getting all ‘Nancy Drew’ with its sleuthing over company reporting and shareholders’ dividend income returns.

  • Owner-managers can spend a significant amount of time and energy building a successful and profitable trading company.

    Joe Brough looks at tax issues for business taxpayers and their tax advisers when a company is coming to an end. 

  • If you (‘you’ meaning an employer) provided your employees with taxable benefits in the tax year 2023/24, which you did not payroll, you need to report those benefits to HMRC no later than 6 July 2024 on form P11D. You will also need to file a P11D(b), which is your employer’s declaration and your Class 1A National Insurance return by the same date.

    Sarah Bradford outlines the reporting obligations for employers in relation to benefits-in-kind. 

Our Business Tax Insider articles May 2024

  • Enquiries by HM Revenue and Customs (HMRC) involving businesses often extend to the business owners themselves. Tax return adjustments can occur, even for honest business owners.  

    Mark McLaughlin looks at ‘close’ company overdrawn directors’ loan accounts and tax liabilities under the ‘loans to participators’ rules, following HMRC enquiries.  

  • We have a special regime for the taxation of motor vehicles, the principles of which were set out many years ago. But there is still scope for disagreement with HMRC, and it often does not go HMRC’s way.  

    Lee Sharpe highlights several problem areas for HMRC with the taxation of motor vehicles, where the taxpayer may stand to benefit.  

  • Vincent was at home recovering from a very nasty bout of pneumonia. He had been hospitalised for over three weeks and had to spend his 64th birthday in a hospital bed. However, it was the first time that he had time to really think about his life and the future of ‘his’ property construction consultancy business, which he ran through his 100% owned company, Starry Night Consultants Ltd (SNCL). He was pleased to learn that the company’s senior management team had really stepped up to the plate during his illness. And they had managed without him for over two months now.  

    Peter Rayney shares some valuable pointers about succession planning based on a recent client experience. 

  • Historically, from a tax perspective it has been preferable to operate a business as a personal company and extract profit in the form of a small salary plus dividends than to run an unincorporated business.  

    Sarah Bradford looks at the impact of recent tax and National Insurance contributions changes. 

Our Business Tax Insider articles April 2024

  • There is scope for directors of owner-managed companies to maximise their remuneration package in a tax-efficient way by utilising benefits-in-kind (i.e., goods or services provided by the company either for free or at a reduced cost). Generally, the cost of providing a benefit is a tax-deductible expense for the company as a cost of employment, whilst the benefit can be either taxable or exempt for the director. 

    Joe Brough looks at benefits-in-kind commonly provided to directors of owner-managed companies, and considers whether these are still beneficial, and outlines traps to avoid. 

  • As the 2023/24 tax year draws to a close, directors of personal and family companies should be reviewing the profits they have taken from their company so far in the tax year and considering whether it would be worthwhile to extract further profits before the end of the tax year on 5 April 2024. 

    Sarah Bradford considers what might constitute an optimal profit extraction strategy for 2023/24. 

  • Contracts and agreements sometimes state one thing but mean another. When a taxpayer asks HM Revenue and Customs (HMRC) to treat an event or transaction as the parties intended, as opposed to in an unintentional way based on an inaccurately or imprecisely drafted contract or agreement, HMRC’s response is invariably that the tax treatment must follow the terms of the contract or agreement, even when the tax consequences are unexpected and more costly to the taxpayer. 

    Mark McLaughlin highlights the importance of ensuring that business contracts and agreements are drafted carefully to avoid unexpected and expensive tax consequences. 

  • This table takes a bird’s eye view of the approach to taxing companies versus taxing limited liability partnerships (LLPs):  

    Lee Sharpe compares and contrasts the treatment of limited companies and limited liability partnerships

For everyone interested in saving business tax, from small and family business owners to accountants
DIGITAL
- Access to digital library of 632 articles - Downloadable PDFs  
£197 / year
DIGITAL & PRINT
- Access to digital library of 632 articles - Downloadable PDFs - Plus print version delivered to your door every month
£247 / year
  • 14 day free trial
  • Up to date monthly tax saving tips
  • New tax strategies added every month (48 over the year)
  • No minimum tie-ins, cancel anytime
What our customers say about Business Tax Insider...
As a business owner, your publication offers very useful insights which help me from a financial perspective when assessing potential acquisition targets. Even if sometimes they only act as a prompt to encourage further action, it is always money extremely well spent.
~Rob Burbidge~
As a direct result of reading the Tax Insider newsletters I get the latest up-to-date information about the topical changes in taxation which is extremely helpful within my every day role.
~Andy Sawiack, Financial Advisor~
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For everyone interested in saving business tax, from small and family business owners to accountants
DIGITAL
- Access to digital library of 632 articles - Downloadable PDFs  
£197 / year
DIGITAL & PRINT
- Access to digital library of 632 articles - Downloadable PDFs - Plus print version delivered to your door every month
£247 / year
  • 14 day free trial
  • Up to date monthly tax saving tips
  • New tax strategies added every month (48 over the year)
  • No minimum tie-ins, cancel anytime