Newsletters

Health and social care levy impact

Business Tax, Employment law

The two-year implementation of the health and social care levy will see significant increases for businesses and a reduction in pay for employees. What details have emerged so far?

21.10.2021

Repaying a director's loan account with dividends: is it worth accelerating the payment?

Business Tax

A director shareholder borrowed cash from their company last year and the plan was to clear the debt with a dividend from the company next tax year. The trouble is by then the new higher dividend tax rate will apply. Should they clear the debt sooner?

19.10.2021

IHT efficient business gifts

Personal Tax

It’s well known that the value of a business escapes inheritance tax (IHT) if it meets the conditions for business property relief. But if it's a family business there are other ways it can be used to reduce the estate for IHT. What are they?

13.10.2021

Avoiding problems with dividend types

Personal Tax

The director shareholders control a company’s dividend payments but the rules that determine when they are taxable vary depending on the type of dividend. How can companies ensure they are taxed at the right time for maximum efficiency?

11.10.2021

Was multiple dwellings relief due?

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 make a successful claim?

08.10.2021

HMRC confirms 20% rate to charge electric cars

VAT

If a business owns electric vehicles it might have previously been charged 5% VAT when they were charged at public places. HMRC has now issued a Brief advising that all supplies are subject to 20% VAT. What does this mean for claiming input tax?

06.10.2021