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January 2023
FAQ questioning whether a salary sacrifice arrangement needs to be set up for a director who is provided with a company bicycle under a cycle to work scheme.
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January 2023
FAQ on a client who is behind with both submitting and paying his VAT returns and not able to pay VAT due for the 12/22 VAT period, thus incurring a default surcharge. It looks at what will happen if he does not submit and/or pay his VAT return for 03/23 on time.
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December 2022
FAQ on whether tax relief be claimed on a loan which a client made to his company, but which cannot now be reclaimed.
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December 2022
FAQ on whether VAT is chargeable on a vehicle repair carried out by a UK-based UK VAT registered car garage. The vehicle is insured by a Netherlands-based insurer, but is used for transporting goods from its UK supplier to customers all over the UK.
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November 2022
FAQ on how to account for trading income in a tax return.
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November 2022
FAQ on whether a client buying a commercial property rental business by way of an outside-the-scope of VAT Tranfer of Business as a Going Concern (TOGC) needs to notify HMRC of his Option to Tax (OTT) on the property.
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October 2022
FAQ on whether CIS deductions be applicable on boiler installation work, carried out by a sub-contractor for a plumbing company.
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October 2022
FAQ on whether a client's company can claim the VAT back as input tax on a motorhome, which will be used instead of hotels when the client is on business trips (although there will also be a small percentage of leisure use).
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September 2022
FAQ on the VAT liability for energy saving home improvements, looking at the case of a client who had solar panels installed on his house in 2022.
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September 2022
FAQ on whether CGT is due on a rental property being transferred to a spouse as part of a divorce settlement.
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August 2022
FAQ on whether there is a requirement to register a bare trust with HMRC, on a property gifted to children, but currently held in trust by their parents.
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August 2022
FAQ on whether a client who ordinarily sells second hand goods and ordinarily accounts for VAT under the margin scheme, can charge VAT at the request of one of his customers.
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July 2022
FAQ on whether that it is correct that payroll software is applying the new NIC threshold to a June 2022 salary payment, event though the new thresholds are not meant to apply until 6 July 2022.
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July 2022
FAQ on whether a client, who bought a group of residential new build flats at VAT zero-rating, can claim VAT on agent fees if he sells them on empty, as new-builds.
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June 2022
FAQ on whether a client who is UK VAT registered on a voluntary basis ,and who currently keeps records manually, will soon be obliged to switch to operating under MTD rules.
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June 2022
FAQ on whether a client who is currently in the middle of selling their main home and purchasing their new home, will be affected by an additional SDLT percentage, as they also own an additional residential property which they rent out to tenants.
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May 2022
FAQ on whether a company will be subject to the income tax chargeable event gain rules following their disposed of an investment life insurance contract.
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May 2022
FAQ on whether money donated to charity from the sale of luggage and accessories falls outside the scope of VAT.
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April 2022
FAQ on what to do in the interim period while HMRC is processing and application to form a new VAT group.
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April 2022
FAQ on the tax implications of a loan made to a shareholder, which was subsequently written off.