Making A Negligible Value Claim
Where assets that have become worthless, it may be possible to make a negligible value claim, allowing a loss to be realised…
Continue readingWhere assets that have become worthless, it may be possible to make a negligible value claim, allowing a loss to be realised…
Continue readingExpenses and benefits returns P11D and P11D(b) for 2020/21 need to be filed by 6 July 2021. Meeting this deadline is important…
Continue readingSpecial rules apply to company directors when it comes to calculating their Class 1 National Insurance liabilities. Why the rules Directors, particularly…
Continue readingA PAYE Settlement Agreement (PSA) enables an employer to meet the tax on certain benefits and expenses on the employee’s behalf. This…
Continue readingIf you operate through a limited company, for example as a personal or family company, you will need to extract funds from…
Continue readingDividends can only be declared out of a company’s available undistributed profits, and if the payments are to be legal then the…
Continue readingDividends are paid at the same rate for each category of share according to the number of shares held. However, such inflexibility…
Continue readingHMRC has the power to enquire into any return and request any information to establish whether that return is correct. No reasons…
Continue readingWhen starting a new property rental period there will usually be a preparatory phase during which expenses will be incurred. To what…
Continue readingFurnished holiday lettings offer a number of tax advantages over longer lets. One of the key benefits is the availability of capital…
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