business taxation Archives - Page 44 of 80 - Whitefield Tax - Isle of Wight Accountants

ACCA on Loan charges – HMRC’s recent communication

by Jessica Garbett | Oct 4, 2019 | ACCA, business taxation, PSC

HMRC responds to the government’s announcement of an independent review of the loan charge. HMRC recently issued the following to agents: ‘The government has announced an independent review of the loan charge. HMRC has published guidance which sets out how the review...

Deferral to VAT domestic reverse charge on building and construction services

by Jessica Garbett | Sep 6, 2019 | business issues, business taxation

HMRC have announced today – 6 September 2019 – a one year deferral in the new VAT Domestic Reverse Charge on Building and Construction services. It was due to come in from 1 October 2019, it will now be 1 October 2020. Read about the deferral Read more...

Ruling Against HMRC Policy on Partial Closure Notices

by Jessica Garbett | Aug 16, 2019 | ACCA, business taxation, enquiries and tax disputes, personal taxatation

Individual wins battle with HMRC over a partial closure notice around overseas income and domicile. The First-tier Tribunal has held, in Embiricos v HMRC [2019] UKFTT 236 (TC) (9 April 2019), that a partial closure notice which was introduced in 2017 could be issued...

Understanding Registration Obligations with HMRC and Companies House

by Jessica Garbett | Aug 9, 2019 | business issues, business taxation, HMRC, personal taxatation

Knowing what taxes to register for, and when, can be confusing – not in the least as most taxes need separate registration. Here’s a handy guide: Business Taxes on Profit Sole Traders – register with HMRC for Self Assessment. No later than 5...

Post-cessation expenses

by Jessica Garbett | Jul 5, 2019 | ACCA, business taxation

A close look at post-cessation expenses claims can save traders money. Post-cessation receipts are taxable income of the person when they receive them, similarly relief may be available for post-cessation expenses. To make a successful claim for an allowable...

The tax cost of extracting a property from a company

by Jessica Garbett | Jun 25, 2019 | ACCA, business taxation, capital taxation, property taxation

Extracting a property from a company back into private beneficial ownership may be a costly affair. Buying an investment property via a limited company is commonly used to mitigate the impact of s24 finance cost restriction affecting landlords of residential...

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Next Entries »

ACCA on Loan charges – HMRC’s recent communication

Deferral to VAT domestic reverse charge on building and construction services

Ruling Against HMRC Policy on Partial Closure Notices

Understanding Registration Obligations with HMRC and Companies House

Post-cessation expenses

The tax cost of extracting a property from a company

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