Newsletters
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Flat rate scheme: new VAT return rules for imported goods
For those that use the flat rate scheme as well as postponed VAT accounting, there are new rules businesses will need to apply in the coming months. What are these, when are they effective, and how will affected businesses calculate their VAT payment each quarter?
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How to use losses in a mixed property business
An individual owns several properties, some commercial and some residential. In the last tax year they made a loss from letting some of the properties while others made a profit. What’s the most efficient way to use the losses?
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Simple ways to reduce IHT bills
People often leave inheritance tax (IHT) planning until later in life when its effectiveness can be greatly reduced. Others may be put off by the potential cost of planning products. But how might a simple family loan arrangement utilising exempt gifts help them?
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Mitigating the NI rise
The higher NI rates for 2022/23 will mean an employee on the average wage will pay around £230 per year more compared to 2021/22 and the employer will face a similar increase. How can they both legitimately reduce or avoid this extra cost?
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Reduce the CGT on property gains
The tax rates on gains made from selling a residential property are 40% or 80% higher than those for other types of gain. How can sellers use an HMRC approved tax break to reduce the tax bill?
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Important tax announcements from Spring Statement
The Spring Statement isn’t traditionally associated with significant tax changes, but there were some very important highlights from the 2022 version. What are the key points?