- : Year 06, issue 03?issue=03&offset=3&volume=06

 
HMRC errors mean appeal was successful Publication date: 21.06.2019
Article database
HMRC errors mean appeal was successful..Reasonable. Where a tax return is filed late, penalties are usually levied automatically. They can add up very quickly - a return filed 13 months late will incur a minimum penalty of £1,600, even if no tax is actually due. Pro advice 1. In some circumstances the return issued is not really needed, e.g. if your...
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Tax-saving strategies for winding up a company Publication date: 21.06.2019
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Your client is a two director and shareholder company. The shareholders have decided to retire and realise the value in the company in the very near future. What advice can you give them to help maximise tax efficiency?
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Shares in overseas company: are benefits taxable? Publication date: 21.06.2019
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Shareholders can be taxed on non-cash benefits as if they were a dividend. However, what is the position if the company is located outside the UK and what other issues do you need to advise a shareholder client about?
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How to avoid drowning in trust tax pools Publication date: 21.06.2019
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At first sight, the taxation of discretionary trusts seems pretty straightforward. But there are a number of pitfalls to watch out for including tax pool shortfalls. What should you be looking out for to ensure this doesn’t arise?
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What are the latest hiccups with MTDfV? Publication date: 21.06.2019
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Despite criticism about systems not being ready, HMRC introduced compulsory reporting under Making Tax Digital (MTD) in April 2019. Unsurprisingly, there have been a number of teething problems. What are they, and how can you best stay informed about them?
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Three party deals: who is the agent and who is the principal? Publication date: 21.06.2019
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Where there are three parties to a deal it is important to establish who is the agent and who is the principal, as the VAT treatment is different in each case. What checks can you make to ensure your clients don’t get things wrong?
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Ensure the right country code is used Publication date: 21.06.2019
Article database
Ensure the right country code is used..Error. We are aware of reports that some employers have been applying Scottish PAYE codes instead of Welsh codes, which are suffixed with the letter C, e.g. 1250LC. It is unclear whether this is HMRC’s error or the employers themselves, but remind clients that Welsh income tax started in April 2019, and not to...
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Do UK tax reliefs extend to overseas property? Publication date: 21.06.2019
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One of your clients is letting their former overseas home. This is shortly becoming vacant, and they are considering whether to continue letting or to sell. What reliefs apply to foreign property and why might a decision need to be made quickly?
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Latest NMW compliance issues Publication date: 21.06.2019
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The national minimum wage (NMW) and national living wage (NLW) increased on 1 April 2019. Your clients have been careful to ensure that workers are paid at least the new relevant amount. But how could they be at risk of breaking the rules despite the uplift in pay?
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New alcohol scheme Publication date: 21.12.2015
Article database
HMRC is introducing a new registration scheme for alcohol wholesalers. Who’s affected and what are the risks of non-registration?
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