Current scheme Under current rules, if a VAT return shows that a repayment is due then HMRC should repay within 30 calendar days…
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Recent years have seen HMRC stepping up its efforts to reduce what is termed the ‘tax gap’ (defined as being the amount…
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Owner manager companies are usually ‘close companies’ that is ‘under the control of: (a) five or fewer participators, or (b) participators who…
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Corporation tax is being reformed and companies with profits of more than £50,000 will pay corporation tax at a higher rate than…
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The Employment Allowance is a National Insurance allowance that eligible employers can claim and set against their secondary Class 1 National…
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In a personal or family company the director will often borrow money from the company. This can be an easy source of…
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It is prudent to plan ahead for retirement and tax breaks are available to encourage savings into a registered pension scheme. Contributions…
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The nature of a gift is that it is something that is given to some without receiving a payment in return. Consequently,…
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The decision to sell land or property will, in most cases, be made by the taxpayer. However, in the case of a…
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Different stamp duty land tax (SDLT) rates apply to residential and to commercial properties. The residential rates are higher, particularly where the…
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