Newsletters
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Company loans: how can you avoid a benefit charge?
You need to borrow money to pay for home improvements. Your company will advance you the cash if you pay it interest at HMRC’s official rate to prevent a benefit in kind. How can a little-known tax break protect you from interest rate rises?
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Wrongly claimed input tax: use a concession
HMRC has identified that one of your suppliers is no longer registered for VAT, so should not be quoting their VAT number on their sales invoices and you should not claim input tax. An assessment is likely, but is there a potential escape route?
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Surrendering a lease: a hidden tax trap
Several years ago you signed a lease on a business premises which is now too big for your needs. The landlord has agreed that you can surrender the lease if you pay a fee. Can you claim a tax deduction for this?
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Tax cuts central to mini-Budget
The rumours ahead of the mini-Budget were all about tax-cutting measures, and the new Chancellor didn’t disappoint. What key changes were announced?
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How long do you really need to keep payroll records?
You’ve decided to have an office sort out and are keen to get rid of the company’s old payroll records. You’ve heard that you only need to keep three years’ worth - is this correct?
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Is there a special time limit on AIA claims?
Unless the annual investment allowance (AIA) applies it can take well over a decade for your business to receive tax relief for the purchase of equipment. If you overlook the AIA can you go back and claim it later?
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