Newsletters

Pay increases - avoiding the OpRA rules

Personal Tax, Employment law

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?

06.08.2021

Class 2 NI: problems with deferred tax payments

Personal Tax

Some state benefits need an up to date NI record. This might pose a problem for anyone who has deferred their self-assessment tax bill. How might this affect self-employed persons?

03.08.2021

Is annual accounting for VAT worth considering?

VAT

VAT annual accounting isn’t for everyone. There are conditions for joining and, depending on the business, it might not offer any advantage. In what circumstances is it worthwhile considering?

29.07.2021

Avoid missing out on relief from stamp duty land tax

Personal Tax

The First-tier Tribunal was asked to decide if the purchase of a property qualified for multiple dwellings relief (MDR). It was a close call but the judgment went HMRC’s way. What can be learned from this case that might help ensure a successful claim?

27.07.2021

Splitting a business: avoiding a HMRC headache

VAT

An individual trades as a car dealer and vehicle repairer and is keen to help his son start a new valeting business, which will trade on the same premises. Will HMRC treat this as part of the VAT-registered main business, and if so how can this be avoided?

23.07.2021

Hidden benefit of the new extended loss relief

Business Tax, Personal Tax

The new extended tax loss relief seems straightforward but a closer look reveals an opportunity for sole traders and business partners to save more tax than first appeared. What do they need to know?

20.07.2021