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85
Views

Q. My company borrowed money from another private company

Q. My company borrowed money from another private company, but the loan has now been written off because the lender company has been dissolved. What are the tax implications of this write-off? ... more


108
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Q. As a landlord with several rental properties, is there anything I should be considering

Q. NEW PROPERTY RULES. As a landlord with several rental properties, is there anything I should be considering to help mitigate the impact of the restrictions on mortgage interest relief?  ... more


86
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Finance Bill 2018-19 – new measures being introduced

Measures to help taxi drivers to buy cleaner vehicles, remove barriers for investment in the oil and gas industry, and tackle tax avoidance using profit fragmentation are just some of the key polic... more


103
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Saving tax with simplified expenses

Certain sole traders and partnerships may benefit from using HMRC's simplified expenses regime to calculate business expenses for vehicles, working from home and living on the business premises... more


89
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Further MTD guidance published

In response to calls for additional clarity from businesses and their representatives, HMRC have published further information on Making Tax Digital (MTD) to support them with preparation in the ru... more


132
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Q. What are the conditions for claiming Marriage Allowance and what is the maximum...

Q. What are the conditions for claiming Marriage Allowance and what is the maximum that can be claimed in 2018/19?  A. Broadly, although not strictly a separate allowance, Marriage Allowan... more


119
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Q. I am a sole trader providing IT consultancy services...

Q.  I am a sole trader providing IT consultancy services to customers. I am registered for VAT. Can I use the cash accounting system for paying VAT and do I need to apply to HMRC to use it? ... more


128
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Q. I am a company director and usually work from an office...

Q.  I am a company director and usually work from an office in London. However, I will shortly be relocating to France for a couple of months and will be working from there. Will I be able to ... more


130
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CGT (Capital Gains Tax) Payment within 30 days of the sale - coming for Property owners?

The Association of Taxation Technicians (ATT) is warning that owners of second homes and buy-to-let (BTL) landlords may face a much shorter period in which to pay any capital gains tax (CGT) due on... more


124
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MTD (Making Tax Digital) update – When will this be mandatory?

HMRC's pilot of Making Tax Digital (MTD) for income tax has been extended and is now able to accept quarterly updates from individual landlords with simple tax affairs. We as agents can also si... more


158
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VAT calculation when buying car/part exchanging van

Q. I am a VAT-registered sole trader. What is the VAT position if I buy a new car for £10,000 and part-exchange my used van for £4,000?   VAT is calculated as follows: ... more


144
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Property rental income split between spouses...

Q. I am an employee and am liable to income tax at the higher rate. I also receive income from a rental property that I own. My wife does not work. If I instruct the tenants to pay the rent directl... more


187
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Mileage allowance claim in excess of employer allowance...

Q. I use my own car for business. My employer reimburses me 20p per mile. In 2017/18 I travelled 15,000 on business. I am a basic rate taxpayer. Can I claim any tax relief for the use of my car?&nb... more


136
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Corporate offences guidance updated

All corporate entities need to be aware of the two new offences that were introduced by the Criminal Finances Act 2017, which apply from 30 September 2017 onwards. The first applies to the facilita... more


154
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IT contractor wins IR35 case

In Jensal Software Ltd v HMRC Commrs [2017] TC 00667, the IT contractor, Ian Wells, successfully appealed a tax bill relating to a succession of contracts during the 2012/13 tax year. Wells provide... more