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Tax Insider Newsletter Bundle 

Subscribe to all 3 of our monthly tax newsletters and libraries - Tax Insider, Property Tax Insider and Business Tax Insider - and receive news, tips and strategies guaranteed to minimise your tax bills

For everyone with an interest in responsible tax saving, including the self-employed, company owners, property investors and accountants
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  • Up to date monthly tax saving tips
  • New tax strategies added every month (48 over the year)
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Tax Insider Bundle subscription benefits

We recently asked our subscribers what they love about Tax Newsletters Bundle.

These are the top 7 reasons that they gave us:

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

  • Dividend v bonus: Where are we now? 

    Directors can extract monies from a company in various ways, the choice invariably being between a salary or dividend (should the director also be a shareholder); but there may be circumstances that might compel payment via a bonus.  

    Jennifer Adams looks at situations where paying a bonus may be preferable to taking a dividend. 

  • Strained Relations! Company share buybacks

    There is a well-trodden alternative to a company purchase of own shares (PoS) where relations between shareholders have become strained and the company does not have sufficient cash or reserves for an immediate outright buyback. 

    Ken Moody suggests an alternative to a company purchase of own shares in certain circumstances where relations between shareholders have become strained.  

  • Directors’ loan account - traps to avoid

    One of the features of being a shareholder in a limited company, as opposed to being a sole trader or partner, is that you cannot just help yourself to company funds whenever you like. It’s no longer your money; it belongs to the company.  

    Those funds need to be declared as dividends or salary, but another way to extract funds from the company is simply to borrow money via a directors’ loan account (DLA).  

    Chris Thorpe looks at the potential issues in using a directors’ loan account.

  • Hazards to avoid for a sole trader changing accounting date

    In a previous article, I discussed some of the issues arising from changing accounting date to 5 April before the new ‘tax year’ basis of assessment comes in for 2024/25. Below, I expand on these matters with a practical case study. 

    Kevin Read looks at some hazards to avoid for a sole trader changing accounting date in the tax year 2023/24. 

  • Changes to the treatment of energy-saving materials

    The liability of energy-saving materials (EMTs) and the definition of what actually counts as EMTs has changed a lot with a tightening of the definition of what exactly was eligible, following an ECJ decision in 2015 ((C161/14) European Commission v United Kingdom). 

    Andrew Needham looks at the recent budget changes to the VAT treatment of energy-saving materials. 

  • Identifying assets with possible lower CGT rates 

    Although currently, we have a two-tiered capital gains tax (CGT) rate level with 18% and 28% for residential property and 10% and 20% for all other assets, the percentage charge for CGT has historically been much higher. From the inception of the CGT regime up until the late 1980s, CGT rates were a substantial 30%. They were then increased to be in sync with the top rate of income tax at a whopping 40% for the next 20 years from 1988 up until 2008.  

    Meg Saksida outlines two instances when individuals can get the lower capital gains tax rate on a disposal. 

  • Have my nil rate band! 

    The inheritance tax (IHT) allowance (or nil rate band) is available to every individual. In addition, the transferable nil rate band (TNRB) is a helpful facility for married couples and civil partnerships.  

    Mark McLaughlin looks at an inheritance tax pitfall and planning point surrounding the inheritance tax transferable nil rate band. 

  • Q&As with Arthur Weller

 

Here are some tax saving strategies from Business Tax Insider

  • Keep it in the family? Spreading business income 

    It is a common problem that the UK taxes families where there is only a   single earner more heavily than where there are multiple earners.  

    Alan Pink looks at ways of reducing income tax on business income by spreading it amongst the family and others. 

  • All change! NICs changes from July 2022

    The National Insurance contributions (NICs) rates and thresholds that were to apply for the 2022/23 tax year had already been announced and given legislative effect when the Chancellor delivered his Spring Statement in March 2022.  

    Sarah Bradford explains changes to National Insurance contributions taking effect during the tax year 2022/23. 

  • Imminent corporation tax changes and their impact

    April 1st 2023 heralds a momentous date for UK corporation tax (CT), when the rate will rise to 25% for the vast majority of companies. 

    Peter Rayney discusses the imminent corporation tax changes and what they mean for owner managers. 

  • Tax relief – And a ‘lie-in’! 

    More employees than ever seem to be working from home. However, in many cases it is not possible for employees to perform their employment duties at home, so they must work at their employer’s business premises. 

    Mark McLaughlin looks at when employees can claim tax relief for costs of living near their employer. 

  • Q&As with Arthur Weller

 

Here are some tax saving strategies from Property Tax Insider

  • Can a lettings company reduce your tax bill? 

    Holding a property rental business personally can have several drawbacks, not least of which being the comparably high tax rate.  

    Meg Saksida considers whether the incorporation of a property rental business is worth it from a tax perspective.  

  • Landlords - get relief for capital expenditure on the accruals basis 

    Although the cash basis is the default basis of accounts preparation for most landlords with rental income of £150,000 a year or less, some landlords continue to prepare their accounts using the accruals basis. This may be because they do not qualify for the cash basis, as would be the case if their annual rental income is more than £150,000, or because they simply choose to prepare accounts using the accruals basis. 

    Sarah Bradford explains how landlords using the accruals basis can obtain relief for capital expenditure. 

  • Occupation of property not enough to claim PPR

    When considering the availability of principal private residence (PPR) relief for capital gains tax purposes, there is an important distinction between occupying a dwelling and residing in it. 

    Mark McLaughlin warns that occupation by a house owner will not necessarily be enough for a private residence relief claim on its disposal. 

  • VAT reclaims for DIY housebuilders: good signs! 

    There is a mechanism for private individuals to reclaim VAT when building their own homes (or directly paying a builder or similar to build the house for them). Where a property developer builds a new dwelling for sale or ‘long lease’, the supply is zero-rated, and the developer may register for VAT, reclaim the bulk of the VAT cost on construction (there are some restrictions), but then charge £0 VAT on the sale. The new homeowner incurs no actual VAT cost, but the developer is still able to reclaim most of the VAT they have incurred.

    Lee Sharpe points out that the First-tier Tribunal has said HMRC was wrong to insist that DIY Housebuilder VAT claims can be made only once per building and after the work has been completed.

  • Q&As with Arthur Weller

For everyone with an interest in responsible tax saving, including the self-employed, company owners, property investors and accountants
Save 30% for the First 6 Months
DIGITAL
- Access to digital library of 2221 articles - Downloadable PDFs  
£42 £29.40 / month
DIGITAL & PRINT
- Access to digital library of 2221 articles - Downloadable PDFs - Plus print version delivered to your door every month
£67 £46.90 / month
  • 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 our tax newsletters...
To be honest I thought I was pretty ‘clued-up’ on tax issues. However, I found four articles in the first issue alone which had tax tips which I didn’t know about! Just one of these tips is going to allow us to claim an extra £100 per week as a tax deductible expense which I didn’t previously know was possible.
~Ranjan Bhattarcharya~
I find your magazine very relevant and easy to read, which is handy given the present proliferation of tax law & business regulations. I would confirm that I am currently preparing a claim for a tax repayment in excess of £2,000 based on information set out in one of the tax articles purchased from you. MONEY WELL SPENT! Keep up the good work.
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~Dr Bennie Mallett, General Practitioner~
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For everyone with an interest in responsible tax saving, including the self-employed, company owners, property investors and accountants
Save 30% for the First 6 Months
DIGITAL
- Access to digital library of 2221 articles - Downloadable PDFs  
£42 £29.40 / month
DIGITAL & PRINT
- Access to digital library of 2221 articles - Downloadable PDFs - Plus print version delivered to your door every month
£67 £46.90 / month
  • 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