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Advice for a first VAT return

You are about to submit your first VAT return. How do you ensure it is correct and how much input tax can you claim on pre-registration expenses?

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Was a company buyback of EIS shares tax avoidance?

EIS gains via share buybacks: did Upper Tribunal back HMRC?

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Accelerate tax relief for the cost of equipment

You're upgrading your company's IT equipment as it's now several years old. What's the tax position if you sell or scrap the old equipment?

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Avoid the trading allowance trap

2024/25 self-employed: will trading allowance affect NI & pension?

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Residence nil rate band - no home, no problem

RNRB rules are tricky - no home needed to benefit for IHT planning.

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Dodging a VAT trap when selling business assets

After retiring you're now selling off your business's assets. The buyer is arguing over the VAT you've charged. He says it should be nil. Is he correct?

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Unmarried couples' guide to tax-efficient profit extraction

Special rules apply to married couples and civil partners on income they extract from companies.

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Making Tax Digital for corporation tax scrapped

A recent publication has quietly confirmed that companies won't be mandated into Making Tax Digital (MTD). What's happened and what's the new plan?

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Change to IHT on pensions proposals

HMRC has published a policy statement announcing a change to its plans to include pension savings in an individual's estate for inheritance tax purposes.

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Class 2 NI problems to continue beyond summer

The problems with incorrectly charged Class 2 NI have been widely reported. HMRC has just released an update, and it's bad news for affected individuals.

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Should you repay VAT if you borrow the company's van?

You're starting major renovations to your home. You'll borrow your firm's truck and other equipment. Are there any VAT consequences for your business?

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Capital gains tax break for job-related accommodation

Selling a home you never lived in--can job-related relief cut your tax bill?

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Beware credit card avoidance scheme

HMRC warns firms over tax-free income scheme in Spotlight 68. Find out more.

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Book a family holiday on the company?

Short of cash? Can you use your company's money to pay for a family holiday?

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Appeal court denies stamp duty land tax appeal on rat infested property

a property you can't move into right away is still a residential property for tax purposes. What's the full story?

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Is an OpRA VATable?

If you offer your employees benefits in kind under a salary sacrifice deal, will you have to account for VAT when you supply the benefit?

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Transferring your business - are your losses lost?

The FTT considered if a company owner manager was entitled to tax relief for losses he made from the same business when he operated it as sole trader.

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Loan written off: are you in HMRC's crosshairs?

HMRC is writing to directors that took a loan from their company that was later written off or released. What should you do if you receive a letter?

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Meaning of "new and unused" clarified for CAs purposes

The guidance on what "new and unused" means for the purposes of first-year allowances has been updated in order to make things clearer. What's the full story?

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Cutting the cost of a company car

Looking to replace your son's old car tax-efficiently?

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