Newsletters
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Getting RTI right when paying staff early over Christmas
The latest Employer Bulletin is a timely reminder of the RTI reporting changes in December. What do employers need to get right?
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Does VAT apply to partnership buy-in?
An individual is buying into a partnership. The partner in charge of its finances says VAT must be added to the asking price but her accountant says it’s a transfer of a going concern and so not VATable. Who’s right?
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Saving IHT on the family home
A husband left the whole of his estate, mainly consisting of his share in a home, to his wife in his will. As a result there will be a big inheritance tax bill waiting when she dies. What steps can the wife and their children take to reduce it?
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Avoiding the OpRA trap with pay increases
In 2017 HMRC clamped down on the use of salary sacrifice (optional remuneration) arrangements which offer perks instead of salary as a way of reducing tax and NI. Is it still possible to obtain tax and NI savings using similar arrangements?
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Capital allowances - optimum tax efficiency
Tax relief for buying equipment used in a business is given as capital allowances. Directors or their company can claim the capital allowances depending on who buys and owns the equipment. But which is the most tax efficient option?
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Were cars provided to partners a taxable benefit?
An individual owns connected businesses that run through a partnership and a limited company. The partnership provides each partner with a car that they also use for company business. Will this result in a taxable benefit in kind?