Australia has used a so-called “backpacker tax” to illegally tax foreign workers from eight countries, according to a landmark ruling.(more…) Read More
How will the Employment Allowance reform coming into play from April 2020 affect my business?(more…) Read More
A business has started paying fee protection insurance. The business has taken out the cover directly with the insurance company. Will it be allowable for tax?(more…) Read More
From 6 April 2020, HMRC is proposing three significant changes which will potentially increase the capital gains tax paid on the disposal of any residential property by an individual.(more…) Read More
CONTAINED IN THIS MONTH’S ARTICLE:
– MESSAGES AIM TO PROMOTE PENSION SAVING TO THE SELF-EMPLOYED
– STAMP DUTY RECEIPTS IN ENGLAND AND NORTHERN IRELAND DOWN 7% IN 2018/19
My client, an individual, recently made me aware of a loan he had made to a trading company which has since ceased to trade and become insolvent. (more…)Read More
For most people living in the UK, the question of what income and gains should be included on their tax return is an easily answered question because they are both UK-domiciled and UK tax resident. Anyone domiciled and resident in the UK needs to report their worldwide income and capital gains on their return. (more…)Read More
My client originally subscribed for 50,000 £1 shares when he set up his company. He now feels that the company is over capitalised and would like to return some of the share capital back to himself. He wonders whether the company could enter into a share buy-back or alternatively perhaps he could simply cancel some of the shares and receive the original capital. (more…)Read More
Following on from our recent webinar where we looked at a general overview of R&D, Capital Allowances and Patent Box Tax Reliefs, the next in our series of webinars will delve deeper into each relieves and as the title suggests, debunk some of the most common misconceptions. (more…)Read More
I understand that Entrepreneurs Relief is now given for new incorporations so that, on incorporation, an existing sole trader would immediately meet the qualifying conditions even though they would not have owned shares in a qualifying company for a sufficient period. Is this correct?
Jack and Jill started living apart in November 2018 but there was then no contemplation of a divorce. In May 2019 they discussed their situation and at that point in time decided to get divorced. They agreed to get divorced in January 2020. (more…)Read More
With the 2018/19 P11D deadline looming, should I be considering payrolling benefits in future? What is the advantage? What do I need to do and when?