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Am I able to offset offshore losses?

Q. Following the end of the first national lockdown last year I moved to the UK to take up employment. I am intending to claim the remittance basis for as long as possible whilst I am here. However... more


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Should I charge VAT on my TOGC transfer

Q. I own several restaurants which all sell English-style food. I am planning to sell two of these to separate buyers. The first intends to operate an Asian fusion restaurant, and the second (small... more

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73
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How do I utilise overlap relief that's been carried forward when I change my year end?

Q. Following the Covid-19 pandemic, I've decided to change my year end to 31 March (from 31 December) in order to utilise overlap relief that I've been carrying forward. However, I'm no... more


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Can I leave the flat rate scheme for the summer months?

Q. We make a high number of B2C sales to EU-based clients - usually over the summer months. We also use the flat rate scheme, and I've heard that Brexit may cause issues for us. Is that the cas... more


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Have I missed the deadline to claim back overpaid pension contributions from my last tax return?

Q. I've been going over some old tax returns to try to track down some capital losses. However, whilst doing this I've noticed that I missed including my pension contributions off the 2018/... more


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Gift aid

Gift aid At some point, most people give to charity in one form or another. This could be by donating unwanted clothes, books, and so on to the local charity shop. They can also be a cash donat... more

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Dissolved and Umbrella Companies

Dissolved Companies The government is also concerned that some companies are being dissolved with a view to avoiding repayment of government-backed loans that were made available to support bus... more


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Covid-19 Update

Covid-19 There is a deadline approaching in relation to the VAT deferral scheme. Any business that took advantage of the scheme in 2020 that has not repaid the deferred amount will need to show... more


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Finance Bill amendments

Finance Bill amendments Following the Budget in early March, the current Finance Bill was published on 11 March 2021. Since that date, a number of amendments have been made. Of the most signifi... more


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Debt factoring and VAT

Debt factoring and VAT Due to the coronavirus, many businesses are experiencing cash flow issues as their customers struggle to make payments in time. A range of banks offer debt factoring as a... more


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Student Loans

Additional Type of Student loans for 2021-22 From 6 April 2021, there is a new type of undergraduate student loan that employers need to be aware of when operating payroll - the Plan 4 loan (SL... more


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Call for evidence on EMI

Call for evidence on EMI The enterprise management incentive (EMI) is a tax-advantaged share option scheme that allows companies to grant options over shares to key employees. The main advantag... more


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Making Tax Digital

Making Tax Digital As of 1 April 2021, all VAT-registered businesses that submit electronic VAT returns were required to digitally link the business records to their VAT returns. This must be d... more


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4th SEISS Grant

4th SEISS Grant The portal for making a claim for the fourth coronavirus SEISS grant opened at the end of April. Eligible businesses should have been contacted by HMRC to inform them of their p... more


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Off-payroll working

Off-payroll working The extension of the off-payroll working rules to medium-sized and large organisations finally took effect on 6 April:   The responsibility for making an employ... more