Newsletters
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Tax return errors: persuading HMRC that it was not deliberate
HMRC claimed that a taxpayer had deliberately made errors on his tax return. The taxpayer disputed this and took his argument to the First-tier Tribunal (FTT). Why did he think this was worth the effort and what did the FTT decide?
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Taking dividends after a loss-making year
The accounts for a company’s recently-ended financial year are being finalised by the accountant. The owners expect them to show a loss. Does this mean they should stop taking dividends to avoid trouble with HMRC?
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Can the net estate be increase by giving money away?
An individual's will includes several bequests to charities. The family solicitor has said that increasing the donations could lower the inheritance tax (IHT) bill and so might leave the beneficiaries better off. How does this work?
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Cycling to work - keep it simple to avoid tax problems
A company's employees have expressed an interest in the cycle-to-work tax break and with summer not far away the employer is also tempted. However, there seems to be a mountain of literature to plough through. Is there a simple option?
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Dealing with goods that never leave the EU
A GB business imports goods from the EU. However, for one order the goods will be shipped directly from the supplier in one EU country to the customer in another EU country. How does Brexit give rise to VAT issues here?
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Partial exemption trap when buying services from abroad
A trader has a partially exempt business. They have used the consultancy services of a specialist in Ireland who did not charge VAT. Is this correct post-Brexit and how should the business deal with the UK VAT reporting?