Latest News
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Russian hedge fund manager loses £484k SDLT case
The First Tier Tribunal (FTT) has found that an ex-bacon factory was suitable for use as a dwelling and therefore did not qualify for SDLT relief. What’s the full story?
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Selling online - what’s HMRC’s latest guidance?
Recently published guidance which suggests that as an online seller you may have to report to HMRC even if you’re selling personal possessions you no longer want. Is this actually true?
Newsletters
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Farms and IHT - what’s really happening?
The media is full of calamitous headlines about the so-called “tractor tax” but is short on details. If you’re a farmer or landowner, what might the inheritance tax (IHT) changes really mean to you and how might you mitigate the impact?
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Is landlord correct to charge VAT on rent invoices?
Your business rents its trading premises but you are concerned that your landlord is incorrectly charging VAT on some invoices. Your business can fully claim input tax, so is there really any issue?
Monthly Focus
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MONTHLY FOCUS: RESEARCH AND DEVELOPMENT TAX CREDITS
Corporation tax incentives for expenditure on qualifying research and development (R&D) have been very generous historically, particularly for small and medium enterprises (SMEs). However, the rules are complex and have been subject to a multitude of changes in recent years. In this Monthly Focus we will look at the way relief for SMEs is accessed, especially with the 2024 introduction of a "merged" scheme.
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MONTHLY FOCUS: CORPORATION TAX AND TRADING LOSSES
The ongoing high levels of running costs mean that more companies have (or will be) reporting trading losses. How can these be relieved efficiently and when may losses be restricted?
Practical Guides
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IHT opportunities for non-domiciles from 2025
The 2024 Autumn Budget saw confirmation of the intricacies of inheritance tax (IHT) reform which will be based on residence from April 2025. Who are the winners and losers and what action should you be taking if you're affected??
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Tax-efficient exit planning for owner managers
You are the sole director and shareholder of a trading group. You are planning to retire in the near future, and are looking at succession planning options. What different things could you look at?
Tools & Calculators
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Income tax calculator
The introduction of special tax allowances, rates and rate bands which interact differently depending on your level and type of income has made the calculation of income tax liability far from straightforward. Our calculator can be used to work out your income tax liability, and can be used where you receive any combination of earnings, savings income, dividends and most other types of income. It will also calculate any adjustment required to finance costs relating to letting income.
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Company car capital contribution calculator
A company car is taxed according to its list price. This can be reduced if you make a capital contribution towards the purchase of the car. This calculator shows you how much tax could be saved.
Tax Documents
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Alternative ways to challenge HMRC
After several months of trying to get your point across to HMRC you’re getting nowhere. Might a formal review help resolve the issue and how do you go about applying for one?
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Director's or employee's loan account record
Director’s loan account record A taxable benefit in kind may arise where a director is provided with a loan, either interest free or at a rate of interest below HMRC’s official rate (3% for 2016/17). Use this document to calculate what, if anything, you need to declare to HMRC. Make a note Where a cheap rate or interest-free loan is no more than
Tax Rates
Tax Calendar
* All dates are subject to possible adaptations