Newsletters
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Ensure your invoicing systems are compliant
Your business has continued to issue paper sales invoices to your customers, as well as electronic invoices sent by email. With MTD for VAT now compulsory for all VAT- registered businesses, are your procedures acceptable to HMRC?
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Do personal contributions save company car tax?
By personally paying part of the cost of your company car you can reduce the benefit in kind on which you’ll be taxed and your company will pay NI. But will these savings be enough to outweigh the cost of your contribution?
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When is salary more efficient than benefits-in-kind?
Usually, the total NI bill on benefits in kind is less than that for an equivalent amount of salary. However, in some circumstances the position is reversed. In what situation can this work in your favour when planning your remuneration?
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Buying a business after a temporary cessation of trade
You are buying a business and intend to stop trading for three months to carry out repair work and tweak the current business model. Does this create a potential VAT problem with the transfer of going concern (TOGC) rules when you buy the business from the seller?
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CGT on the sale of a former holiday let property
You’re selling a property that until two years ago was let as holiday accommodation. Since then you, your family and friends have used it for the occasional weekend. Does the special lower rate of capital gains tax still apply to the gain you make?
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Drawing down a pension efficiently
You’ve reached the age when you can access your pension savings. Your financial advisor has explained the options available to you, but how much tax will you have to pay on each one?