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Essential Guide to P11D Forms: Understanding their purpose, what needs to be included, and how to submit them to HMRC 9 Aug 2023 Bookkeeping, Tax - Find out what a P11D form is, if you need to submit one, what its purpose is, what does and doesn’t need to be included, and how to report it.
Tax implications where employers pay above approved mileage rates 4 Aug 2023 Tax - HMRC published new mileage rates but only for fuel rates for company car drivers reclaiming business mileage fuel costs from their employer.
VAT option to tax changes 3 Aug 2023 Tax - The typical situation where 'opt to tax' could be used is where a commercial property is purchased for renting.
Business Asset Disposal Relief & its limit 3 Aug 2023 Tax - Formerly known as Entrepreneurs’ Relief, BADR reduces the amount of capital gains tax that is payable where a person sells all or part of their business.
How to appeal a tax penalty 3 Aug 2023 Tax - Around 30% of tax penalties issued by HMRC are successfully appealed.
How to contact HMRC when their phone lines aren’t available 3 Aug 2023 Tax, Tech, Trends - This comes as part of Making Tax Digital progress.
Advantages & disadvantages of LLP 14 Jul 2023 Tax - LLP allows a partnership structure where each partner’s liabilities are limited to the amount they invest in the business.
Differences between EMI and Unapproved Share Option schemes 14 Jul 2023 Employment, Tax - In this blog, we will be looking at the differences between EMI and Unapproved Share Option schemes and help you decide which one suits your company more.
Patent Box and Nexus Fraction 10 Jul 2023 Tax - Nexus fraction represents the proportion of R&D expenditure directly linked to the patented invention.
CIOT warns about new R&D tax relief rules 10 Jul 2023 Policy, Tax - The CIOT's concerns are aligned with the recent House of Lords committee report.
Are you entitled to small business rate relief? 4 Jul 2023 Tax - If your property’s value is less than £15,000 and your business only uses one property, you may be entitled to small business rate relief.
Do you need to complete a tax return? 4 Jul 2023 Tax - For 2022/23 and earlier tax years, you are considered a higher earner if your income is more than £100,000.