Cheers to the New Year!

As the holiday season is upon us, we find ourselves reflecting on the past year and those who have helped…

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Transfers of trading stock or intangibles

The rules which impose market value on appropriations to or from trading stock are generally well understood. But transfers between…

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Are you ready for the new savings allowance?

A new personal savings allowance (PSA) will be introduced in 2016. It is a relatively minor change, but one which…

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New VAT rules proposed for e-commerce businesses

It may be several years before the new rules are implemented, but the EU intends to make legislative proposals in…

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Are contributions payable in respect of rental income?

Whether rental income attracts Class 2 NI contributions has always been a complicated matter. Thankfully a change made in 2015…

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Recovering VAT incurred before registration

A 2015 VAT case considered the rules regarding recovering VAT incurred before the effective date of registration. What can clients…

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10 reasons why SME's should use Cloud Accounting

Shop-owner, builder or photographer – whatever the business, it can be very difficult to keep on top of finances while…

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VAT Implications of Christmas Gifts

With Christmas approaching, clients are likely to start asking whether VAT can be reclaimed on seasonal gifts and staff parties.…

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The Statutory Residence Test

The statutory residence test was introduced in 2013/14 to provide certainty to those who need to determine their tax residence…

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Tax Relief on Rent Free Periods

You?ve signed a new lease on your premises and negotiated a rent-free period with your landlord. How will this affect…

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No Class 2 NI on buy to let

Sudden rise in Class 2 NI demands. There?s been an increase in letters from HMRC contending that property investor clients…

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Maximise Your Reclaimable VAT

Your company makes both VATable and exempt sales, which means it can?t recover the VAT it pays on some purchases.…

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Lumpsum Pension Alternatives

The new pension rules allow for a variety of ways to take a lump sum from your pension fund. Each…

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Is Flat Rate VAT Scheme Suitable For You?

If you sign up to HMRC?s flat rate scheme for VAT and find that it?s costing you money, can and…

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Effect of VAT Deregistration

Where your business deregisters it can trigger hidden VAT charges. What are they and what steps can you take to…

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