Tax Newsletters Bundle
All 3 of our monthly newsletters cover topical issues and strategies to minimise your overall tax bill whether you're involved with property, business or a responsible taxpayer.
Each month our tax experts and authors share practical tips to help better manage your tax affairs and reduce your tax liability.
Take a free 14-day trial today and download the January Tax Insider, Business Tax Insider and Property Tax Insider newsletter. As part of your free trial you’ll also get instant access to 1737 tax saving articles from our online tax library.
Here is what our experts are sharing in this month's Tax Insider:
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Can directors be consultants to their own companies?
Director-shareholders of private companies are always interested in tax-efficient ways of withdrawing income from their companies. The recent case Petrol Services Limited v HMRC [2018] UKFTT 773 (TC) has highlighted one method that will not usually be successful, as the First-Tier Tribunal (FTT) confirmed.
Kevin Read considers a recent HMRC victory on directors working as consultants to their own companies and discusses how in other circumstances directors may be successful in avoiding PAYE or benefit tax charges.
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Using the cash basis to report self-employed income
Since 2013/14, certain unincorporated small businesses have been able to choose to use the ‘cash basis’ when calculating taxable income, under which participants are taxed on the basis of the cash that passes through their books, rather than being asked to undertake complex and time-consuming calculations designed for big businesses.
Sarah Laing looks at how the cash basis may be used for calculating taxable income.
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VAT: What trade-in values should you use when selling second-hand cars?
When a customer part-exchanges his car, he likes to feel that he is getting a good trade-in price for his existing vehicle.
Andrew Needham looks at what trade-in values should be used for VAT purposes when selling second-hand cars.
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Are the workers employed or self-employed?
When a business grows to the size where it needs employees, it may be responsible for more than initially thought. The extra responsibility and cost are just a couple of the reasons why this has become such a contentious issue.
Lynne Bell outlines some key considerations when considering a worker’s status.
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EIS and SEIS cash - use it or lose it!
As some readers will appreciate, the complex rules for enterprise investment scheme (EIS) and seed enterprise investment scheme (SEIS) investments can seem like an obstacle course, where if you trip you may stand to lose all relief. One such hurdle under both schemes concerns the use of monies raised within time limits.
Ken Moody looks at a potential obstacle to successfully claiming tax relief under the enterprise investment scheme or seed enterprise investment scheme.
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CGT-efficient investments
As some readers will appreciate, the complex rules for enterprise investment scheme (EIS) and seed enterprise investment scheme (SEIS) investments can seem like an obstacle course, where if you trip you may stand to lose all relief. One such hurdle under both schemes concerns the use of monies raised within time limits.
Ken Moody looks at a potential obstacle to successfully claiming tax relief under the enterprise investment scheme or seed enterprise investment scheme.
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By reason of employment? Not necessarily!
If an employee receives something from their employer (e.g. an option over shares in the employer company) there will generally be tax implications to consider.
Mark McLaughlin highlights a case in which an employee’s share options were not considered to have been received by reason of his employment.
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Q&As with Arthur Weller
Here is what our experts are sharing with you in this month's Business Tax Insider:
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Directors loan accounts: Nothing is too much trouble!
Enquiries and checks by HM Revenue and Customs (HMRC) into the tax position of family and owner-managed companies often involve a review of loan accounts of the director shareholders (often referred to as ‘directors’ loan accounts’ (DLAs)).
Mark McLaughlin looks at HMRC’s scrutiny of directors’ loan accounts.
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‘Green’ tax breaks for UK SMEs
Environmental (or ‘green’) taxes are intended to encourage your business to operate in a more environmentally friendly way.
Iain Rankin highlights five of the best ‘green tax breaks’ and ‘green loans’ on offer.
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Ten tips to help you complete your tax return correctly!
Another self-assessment tax return deadline is looming – the 2018/19 self-assessment tax return must be filed online by 31 January 2020 if a late filing penalty is to be avoided.
Sarah Bradford sets out ten tips to help you complete your self-assessment tax return correctly.
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Acquiring company shares… With the taxman’s help!
The fragmented nature of our tax system is probably nowhere more clearly illustrated than in the rules relating to acquiring shares in limited companies.
Mark McLaughlin points out the importance for inheritance tax and general law purposes of determining which spouse or civil partner died first.
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Q&As with Arthur Weller
Here is what our experts are sharing with you in this month's Property Tax Insider:
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PPR relief: A ‘residence’ or a quick profit?
The principal private residence (PPR) relief rules for capital gains tax purposes require a dwelling to have been a ‘residence’ of the individual to whom the gain accrues (TCGA 1992, s 222(1)).
Mark McLaughlin looks at the distinction between occupying a dwelling as a ‘residence’ or to make a profit on sale following a short period of ownership.
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SDLT on the purchase of residential property: All change?
Stamp duty is said to be the second most hated tax in Britain; the runner up to the abhorred inheritance tax.
Meg Saksida sums up recent and proposed changes in stamp duty land tax on residential properties.
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Tax and letting surplus business accommodation
A business may receive rental income in addition to the income generated from the trade or profession which it carries on.
Sarah Bradford explains the tax implications of letting surplus business accommodation.
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Non-resident CGT: Where are we now?
Over the last few years, tax on the sale of a property held by a non-UK resident has undergone a series of reforms.
Nisha Patel looks at recent capital gains changes affecting non-UK residents.
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Q&As with Arthur Weller
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