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Here are just some of the strategies our tax experts are sharing with you this month:.
  • Do Spousal Dividends Still Work?

    Under the pre-6 April 2016 dividend regime, owner managers were able to pay ‘tax-free’ dividends to their spouses (or civil partners) of around £33,000/£35,000 (assuming they had no other taxable income). If the spouse did not work in the company, it was not possible to justify any salary. However, since 2016/17, this has all changed. Peter Rayney considers how spousal dividend planning is affected by the new dividend rules...
  • Understanding The Formalities Of Purchasing A Residential Property 

    Purchasing a residential property, as anyone who has done it will know, is both a stressful and an expensive business not helped by the jargon used by solicitors when corresponding with their clients. Unfortunately, for various reasons, land transactions (compared to other types of property transactions relating to, for example, a car; a painting, etc.) have always been regulated by different and complex legal rules. Malcolm Finney explains a common transaction that is often not properly understood...
  • Tax-Free Childcare Registration Opens

    Tax-free childcare is the government’s new initiative to help working parents and guardians with childcare costs. It will be rolled out nationally during 2017, and is due to replace the existing childcare voucher scheme in April 2018. Sarah Laing looks at the new registration process for tax-free childcare, which is currently being rolled out to eligible parents and guardians...
  • Entrepreneurs’ Relief – A Few Quirks

    For a short bit of legislation, capital gains tax entrepreneurs’ relief (ER) has more than its fair share of quirks, as highlighted by two recent cases. Ken Moody looks some potential capital gains tax entrepreneurs’ relief pitfalls for company shareholders seeking to claim the relief on disposal of their shares...
  • Claiming Back VAT On A Business Trip 

    The rules for recovering VAT on business and travel expenses incurred on a business trip can be something of a minefield. Apart from not knowing whether or not the VAT is recoverable, another common problem is in determining whether the costs have VAT on them to begin with. Andrew Needham looks at VAT recovery on business trips...
  • Car And Fuel Benefits In 2017/18 

    Despite year-on-year tax hikes, company cars remain a popular benefit. But what does the 2017/18 company car tax landscape look like, and what should company car drivers bear in mind when seeking to minimise their tax bill while continuing to enjoy the convenience of a company car available for private use? Sarah Bradford takes a look at the 2017/18 company car tax landscape...
  • Pay Your Tax – Before You Know How Much To Pay!

    For individuals, the normal self-assessment time limits for filing tax returns with HM Revenue and Customs (HMRC) and making the final payment of any tax liability for a tax year are generally the same, i.e. 31 January following the end of that tax year. Mark McLaughlin highlights a case in which the tax payment date preceded the tax return filing deadline and a late payment penalty arose...
  • Expenses And Benefits For 2016/17 - Key Changes

    Sarah Bradford explains the year-end reporting requirements for 2016/17 where taxable expenses and benefits have been provided to employees...
  • Home Sweet Home: The Residence Nil Rate Band And Inheritance Tax

    Malcolm Finney looks at aspects of the residence nil rate band that are not commonly understood...
  • It’s Over! Changes To Termination Payments

    Sarah Laing outlines the proposed reform of the tax rules governing termination payments as announced in spring Budget 2017...
  • Inheritance Tax, New Probate Fees, And Non-UK Domiciliaries: What's New?

    Tony Granger provides an update on the inheritance tax residence nil rate band, the new probate fee ‘tax’, and an anti-avoidance measure affecting non-UK domiciliaries for inheritance tax purposes...
  • How To Deal With A VAT Investigation

    Andrew Needham looks at what a business should do if it becomes involved in a VAT investigation...
  • The New Corporate Tax Loss Regime Explained

    In the first of a two-part article, Peter Rayney examines the key changes to the way in which relief is obtained for corporate losses...
  • Late Tax Returns: Expecting Sympathy From HMRC?

    Mark McLaughlin points out taxpayers who file their tax returns late may get more sympathy from the tax tribunal than HMRC...
  • Directors' Loan Accounts And FRS 102 – What’s All The Fuss About?

    Peter Rayney outlines the potential effect of financial reporting standard 102 on loans to company director shareholders..
  • Avoid Paying HMRC By Cheque!

    Mark McLaughlin warns taxpayers to keep an eye on tax payments made by cheque close to the statutory deadline...
  • Tax-Free Savings In 2017/18

    Sarah Laing highlights some potential tax-efficient savings opportunities for the new tax year...
  • VAT: The Importance Of Keeping Track Of Distance Sales

    Andrew Needham looks at the distance sales thresholds, and what happens if you fail to register on time...
  • Lifetime ISAs – An Alternative To Pension Savings?

    Daniel Stevens looks at whether the new tax advantaged ISA can really replace traditional pension savings...
  • Key Exemptions And Reliefs For Inheritance Tax

    Malcolm Finney discusses some of the ways in which inheritance tax on death may be mitigated...
  • Still Here? The New Deemed Domicile Rule

    Sarah Bradford takes a look at the new deemed domicile rule that will apply from 6 April 2017, and what it means for non-UK domiciled individuals…
  • Tax Insider: Tax Tips
  • Tax Insider: Your Tax Questions Answered!
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