Latest Newsletters for Business Tax
Latest Newsletters for Business Tax
10th December 2021
Tax Loopholes for Middle England
Securing Entitlement to a State Pension ‘Credit’ without actually paying any NIC. Entrepreneurs that trade through a limited company can set how and how much they are remunerated. It is possible to avoid paying any NIC, yet still obtain a ‘credit’ for that particular tax year for future state pension purposes, by paying a salary of between…
21st July 2021
Top 10 tax elections to minimise tax
Individuals and businesses usually minimise their tax liabilities by claiming deductions, allowances, reliefs and exemptions. Where relevant, making tax elections is also a very effective means of tax planning. s222(5a) TCGA 1992 (Nomination of main residence) This capital gains tax election, often referred to as ‘flipping’, enables taxpayers, who own and reside in more than…
8th November 2016
Flat Rate VAT
The flat rate VAT scheme is available to any business with annual taxable sales, excluding VAT, of £150,000 or below. Your annual taxable turnover includes standard, reduced and zero rated sales. Once you have joined the scheme you can remain in it until your total VAT-inclusive business income, at any anniversary of joining the scheme, exceeds £230,000.
3rd March 2014
Salary Sacrifice to Boost Pension Funding
As employer funding of occupational pension schemes becomes more expensive and complex, many employers are abandoning this traditional remuneration channel, leaving employees to organise and fund their own retirement income planning. This change in policy will typically be structured by an increased salary, to enable the employee to individually contribute directly into a personal pension…
10th September 2013
ECDC Business Rates Relief for Charities
Higher Business Rates for Not for Profit Organisations within East Cambs District. Since March 2012, East Cambridgeshire District Council (ECDC) has been reviewing it’s policy on granting Discretionary Relief on business rates to give assistance to charitable and not for profit organisations that may have difficulty in paying their rates and are of benefit to the…
3rd March 1999
Preparing for a VAT Control Visit
HMRC officers no longer manage their own arrangements for VAT control visits to registered traders. These are normally arranged from centralised services with access to officers’ work plans or diaries. The VAT registered trader will receive a letter setting out the time date and venue for the planned VAT control visit and give outline guidance…