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Is dividing a business for VAT registration permitted?

HMRC can direct that two or more businesses should be treated as one for VAT registration purposes. This could mean small businesses having to register and so l

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Cash in old certificates of tax deposit before it's too late

The Certificate of Tax Deposit Scheme will come to an end on 23 November 2023, yet £89 million remains unclaimed. What should you do if you have such a certific

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Tribunal issues warning to deter doubtful SDLT claims

The First-tier Tribunal (FTT) recently rejected an appeal from a company that a building was "non-residential" due to it being in a state of disrepair. However,

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Remember, remember the 5th of October

You've recently read that you can be fined if you owe tax for 2022/23 and don't tell HMRC about it by 5 October 2023. Is this right and if so what steps can you

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HMRC's warning over payroll errors

HMRC says that some employers are incorrectly processing workplace pension contributions. Why is this a big problem and how can you correct it?

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Lord Sugar falls foul of little-known residence rule

Lord Alan Sugar has found himself in the spotlight after he alleged his accountant gave him incorrect advice in respect of his tax residence. What went wrong?

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Can you legitimately dodge registration?

Because of exceptional circumstances your business turnover has exceeded the VAT registration limit. You're sure that this won't be repeated. Must you register

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Tax breaks for Investment Zones

To boost technological and industrial growth, twelve areas around the UK are being designated as Investment Zones (IZ). The associated £80 million funding offer

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HMRC reopens self-assessment helpline

HMRC's self-assessment helpline was closed in June. It's now reopened for calls ready for the tax return filing season. What do you need to know?

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HMRC issues reminder about new R&D tax relief rules

Despite new requirements for research and development (R&D) claims being in force for a month, almost half of claims made since then have omitted the necess

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Property rental, getting hitched and a tax trap

Getting married or becoming civil partners has many tax advantages. However, for landlords it could result in higher income tax bills. Why, and what steps can y

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Avoiding tax trouble with earn outs

You're negotiating the sale of your company. You've agreed that part of the sale value will be based on future performance of the company. How should you word t

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Late returns and payments consequences

The penalty system for late tax returns and payments has been subject to a number of tweaks in recent years. What's the position now, and how have rising intere

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When is "too late" for VAT claims?

It's come to light that VAT hasn't been reclaimed on a batch of invoices going back several years. Can you claim a reduction on your next VAT bill?

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Basis period reform - HMRC to provide online overlap relief form

HMRC has followed up its recent guidance regarding the abolition of basis periods with a brand-new online form for requesting overlap relief records.

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What's the tax treatment of inherited pensions?

A pension plan is a very tax-efficient way of saving money for later in life. However, some of you may die before you can fully utilise your accumulated benefit

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Will function be a taxable event?

You want to hold a summer event to entertain your workers and help improve morale but you are unsure what the tax and NI position will be. What is the current a

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Are clients due an NI refund after turbulent 2022/23?

Given the multiple changes to NI rates and thresholds in 2022/23, the risk of overpayment has never been so high. You could now be due a welcome NI refund. How

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Shortages take toll on HMRC services

HMRC is working under severe resourcing pressure. Struggling with backlogs, there have been disruptions to a number of services. What is currently affected?

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Tax-efficient pension contributions for your partner

A business associate says he gets a tax break by getting his company to pay a pension contribution for his spouse who's currently not working. Is this something

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