Newsletters
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Is a notional gain from exchange rate changes taxable?
The First-tier Tribunal has ruled on a case involving the sale of a holiday home in Switzerland. The dispute centred on how exchange rates affected the amount of gain taxable. Some important tax principles were covered in the ruling. What were they and how did they affect the outcome?
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When is the reverse charge needed on VAT returns?
The number of business transactions subject to the VAT reverse charge has increased in recent years, even more so after Brexit. How can businesses ensure they're getting the VAT returns right and that their suppliers dealing with it correctly?
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Tax conditionality: what is it?
There’s a lack of awareness about the new “tax conditionality” checks which could block some businesses from trading. What do these checks involve and who do they apply to?
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Tax planning for the basis period reform
The forthcoming basis period reform can increase the profit on which traders are taxed for 2023/24. However, within the rules there’s room to make this more tax efficient. What steps can traders take to achieve this?
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VAT and electric vehicle charging
A business owns several electric vehicles (EVs), which are used by employees for business purposes. Other employees own EVs and the company pays them a mileage rate for their business trips. How much input tax can the business claim on the costs?
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When are shareholders personally liable for tax on company gains?
A company shareholder is buying a holiday home abroad. They've been advised by a local agent to own the property through a company. But their accountant has warned that this can trigger UK capital gains tax anti-avoidance rules. What are these and when do they apply?