Newsletters
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Tax cuts central to mini-Budget
Business Tax, Personal TaxThe rumours ahead of the mini-Budget were all about tax-cutting measures, and the new Chancellor didn’t disappoint. What key changes were announced?
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How long do you really need to keep payroll records?
Business Tax, Employment lawYou’ve decided to have an office sort out and are keen to get rid of the company’s old payroll records. You’ve heard that you only need to keep three years’ worth - is this correct?
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Is there a special time limit on AIA claims?
Business TaxUnless the annual investment allowance (AIA) applies it can take well over a decade for your business to receive tax relief for the purchase of equipment. If you overlook the AIA can you go back and claim it later?
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What is the VAT treatment of free samples?
VATYour business is keen to boost sales of goods in retail stores, so you have decided to provide free samples to your customers with retail shops, and let them hold your goods on a sale or return basis. How do you deal with VAT in these situations?
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When does dwelling ownership begin for PRR purposes?
Personal TaxThe First-tier Tribunal (FTT) recently had to decide if private residence relief (PRR) began when a couple moved into their home or when they bought the land on which it was built. This proved a surprisingly tricky question. What did the FTT decide?
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Writing off a loan to a company
Personal TaxA few years ago you lent your son's company money to help get the business off the ground. It’s now established, but it can’t afford to repay you. You decided to waive the loan but are there any tax consequences you need to be aware of?