Newsletters
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Inheritance tax: does the recipient need to pay?
A few years ago father made a gift of assets to his son to reduce his estate for inheritance tax (IHT) purposes. He recently died and his solicitor says that the son might have to pay tax on the gift. If there’s any IHT shouldn’t the estate pay it?
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Buying a commercial building: VAT savings
A company is about to buy the freehold of a new office for £250,000 plus VAT. They will trade from the commercial property and not rent it out or sublet it to tenants. What deceptively simple tips can save them money?
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Digital tax for companies - what’s on the horizon?
Making Tax Digital will be mandatory for corporation tax in a few years time. If a company is already following the MTD rules for VAT (MTDfV) purposes, isn’t that job done?
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Is HMRC too late to enquire?
An individual recently received a letter from HMRC saying that it’s started an enquiry into his 2018/19 tax return. A friend has told him that HMRC has missed the deadline for making enquiries. How should he respond to HMRC?
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Tax and coronavirus grants received after a business ceases
Many businesses have closed because of the pandemic despite government coronavirus grants. Special tax rules apply to these payments if they are received after a business stops trading. What do business owners need to know?
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Determining employment status - can the CEST tool be relied upon?
HMRC’s Check Employment Status for Tax (CEST) tool can be a useful aid in helping clients to determine the employment status of their workers, but its reliability remains questionable. What's to know?