VAT on Payments Made on Behalf of Customers – Disbursement vs Recharges
VAT on payments made on behalf of customers has to be ascertained based on whether it’s a disbursement or a recharge of costs to the client. Click to learn more.
How to Request a Certificate of Residence from HMRC?
How to request a Certificate of Residence from HMRC has been one of the most frequently asked questions by clients these days. Click to learn more!
How to Claim the Residence Nil Rate Band for Inheritance Tax?
The Residence Nil Rate Band (RNRB) is used to reduce the inheritance tax if the value of the estate is worth more than the basic inheritance tax threshold.
When Should You Use the VAT Domestic Reverse Charge
Discover when to use the VAT Domestic Reverse Charge, applicable to most supplies of building and construction services.
Voluntary National Insurance Contributions – Deadline Extended to April 2025
Voluntary National Insurance contributions payment deadline has been extended to April 2025. Find out additional details!
IHT Planning – Don’t Get Caught Out by Gifts with Reservation!
Gifts with Reservation (GWR) legislation was introduced in 1986 to avoid individuals making gifts with strings attached. Click through to learn more.
HMRC Tools and Calculators – All in One Place!
HMRC tools and calculators for various tax calculations have been consolidated into this article for ease of reference. Explore further by clicking through!
HMRC Discovery Assessment – What is the 20 Year Rule?
Section 29 of the TMA 1970 gives HMRC the power to make a Discovery Assessment if a taxpayer had not disclosed enough information on a tax return filed within the last 20 years.
Moving to the UK – What Tax Reliefs are Available?
If you are considering moving to the UK and wondering what tax reliefs are available for bringing goods into the UK then this article provides useful information.
Code of Practice 9 (COP9) – HMRC Fraud Investigation Service
COP9 is the term used for notices issued by HMRC investigating suspected cases of fraud where a criminal investigation has not commenced yet. Click to learn more!
HMRC Self Assessment Helpline Closed Between 12th June to 4th Sep 2023
HMRC self-assessment helpline 0300 200 3310 will be closed between 12 June and 4 September 2023 as per HMRC’s announcement. Click to learn the specifics.
Dividend Diversion Scheme Used to Fund School Fees – HMRC’s View
The dividend diversion scheme used to fund school fees does not work as per HMRC’s latest publication in Spotlight 62. Click to find out more information.
R&D Tax Relief Changes from 1 August 2023
R&D Tax Relief Changes from 1 Aug 2023 stipulate that you must complete and submit an additional information form to HMRC. Click through to learn more.
Annual Share Plan Return – Filing Deadline is 6th July
To avoid a late filing penalty, the Annual Share Plan return for the tax year 2022/23 must be submitted to HMRC by 6th July. Click here for more information.
Pension Annual Allowance Tax Charge – Who Needs to Pay?
Find out when your pension scheme must pay some or all of the tax for you and when they can choose to do so.
Top 3 IHT Planning Tips to Reduce Your Estate’s Tax Bill
Learn how to reduce your estate’s IHT bill and protect your loved ones’ inheritance with our top 3 expert IHT planning tips.