The Targeted Anti-Avoidance Rule (TAAR): An Overview
In April 2016, the Targeted Anti-Avoidance Rule (TAAR) was introduced. This rule was established in order to prevent individuals from winding up companies in order to lower their tax liabilities.…
Reporting Requirements for Residential Property Gains
If you are a UK tax resident who is planning to sell a property on which capital gains tax will be chargeable (a second home or investment property, for instance),…
Are You Ready for MTDfV?
From 1st April 2019, most VAT-registered businesses will need to keep digital records and utilise MTDfV-compatible software in order to file their VAT returns. Certain businesses have been granted a six-month…
MTDfV Deadline Approaches: Is Your Business Ready?
HMRC’s Making Tax Digital for VAT (MTDfV) scheme goes live in April 2019, and will enforce a critical change in the way that businesses submit VAT returns. Most organisations will…
What Are Capital Allowances?
When working for yourself – whether you run a company or are a sole trader – you’re likely to incur a number of business-related expenses. One of the bonuses of…
Are Staff Parties Tax Deductible?
‘Tis the season to be jolly… which means that many offices are filled with chatter about upcoming winter social events! But are staff parties deductible, and what are the rules?…
Energy Policy Changes That Could Impact UK Businesses
Climate Change has been in the news a great deal recently, largely due to the Intergovernmental Panel report which contained urgent warnings about the global need to reduce carbon emissions. Whilst…