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Is your business an ‘adventure in the nature of trade’ ?
Is your business an ‘adventure in the nature of trade’ ? Sometimes it is evident that a trade is being undertaken —…
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Using the capital gains tax land and buildings toolkit
Using the capital gains tax land and buildings toolkit HMRC produce a number of toolkits which highlight common errors found in self-assessment…
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Different lets, different tax rules
Different lets, different tax rules From a tax perspective, all lets are not equal, and the rules that apply to furnished holiday…
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What qualifies for private residence relief?
What qualifies for private residence relief? Private residence relief is a well-known relief but one which is often misunderstood. It applies to…
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Pros and cons of the VAT flat rate scheme
Pros and cons of the VAT flat rate scheme The flat rate scheme offers VAT registered traders who meet the eligibility conditions…
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Tax free savings income
Tax-free savings income There are various ways to enjoy savings income tax-free. However, not all routes are open to all taxpayers –…
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Is paying mileage allowances at the approved rate still a good idea?
Is paying mileage allowances at the approved rate still a good idea? Where an employee uses their own vehicle for business journeys,…
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National Insurance changes for the self-employed
National Insurance changes for the self-employed If their profits are high enough, the self-employed pay two classes of National Insurance contribution –…
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Loans to directors – beware of the higher section 455 charge
Loans to directors – beware of the higher section 455 charge Directors and shareholders in close companies are often able to influence…
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Post cessation receipts and expenses – tax treatment
Post-cessation receipts and expenses – tax treatment Sometimes a business may have ceased trading but then receives income or incurs expenses that…
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