Another tax planning strategy that is still available despite rumours that it would be closed in the Budget was the CGT hold over relief when assets a...
Regular gifts out of your income is tax efficient
One tax planning opportunity that many thought the chancellor might restrict was the exemption from inheritance tax for regular gifts out of an indivi...
Tax relief for Christmas Parties
An employer may spend up to £150 per head (inclusive of VAT) per year, in providing annual functions and events to entertain its staff....
Gift giving and tax
This time of year we need to consider gift giving and tax. It is easy during the Christmas period to to be generous, but most of us feel we are quit...
Budgeting for an uncertain year ahead
As we come to the end of 2021, its time to start thinking about the budget for next year. One thing is certain - uncertainty. Business planning and...
Advisory fuel rate for company cars October 2021
As the result in recent increases in petrol and diesel prices HMRC have increased the advisory fuel rates that apply for the reimbursement of employee...
Capital allowances on plant in residential property
The capital allowance legislation specifically denies tax relief for plant and machinery installed in a dwelling house. However, plant and machinery i...
Covid-19: Dealing with redundancies correctly
Due to the Coronavirus pandemic, it could force companies to make redundancies....
Guidance on SEISS turnover test issued by HMRC
The fifth (and final) SEISS grant will be available for the self-employed to claim towards the end of July. HMRC will contact those traders that may b...