Newsletters
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Is a notional gain from exchange rate changes taxable?
The First-tier Tribunal has ruled on a case involving the sale of a holiday home in Switzerland. The dispute centred on how exchange rates affected the amount of gain taxable. Some important tax principles were covered in the ruling. What were they and how did they affect the outcome?
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When is the reverse charge needed on VAT returns?
The number of business transactions subject to the VAT reverse charge has increased in recent years, even more so after Brexit. How can businesses ensure they're getting the VAT returns right and that their suppliers dealing with it correctly?
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VAT and electric vehicle charging
A business owns several electric vehicles (EVs), which are used by employees for business purposes. Other employees own EVs and the company pays them a mileage rate for their business trips. How much input tax can the business claim on the costs?
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When are shareholders personally liable for tax on company gains?
A company shareholder is buying a holiday home abroad. They've been advised by a local agent to own the property through a company. But their accountant has warned that this can trigger UK capital gains tax anti-avoidance rules. What are these and when do they apply?
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Flat rate scheme: new VAT return rules for imported goods
For those that use the flat rate scheme as well as postponed VAT accounting, there are new rules businesses will need to apply in the coming months. What are these, when are they effective, and how will affected businesses calculate their VAT payment each quarter?
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Simple ways to reduce IHT bills
People often leave inheritance tax (IHT) planning until later in life when its effectiveness can be greatly reduced. Others may be put off by the potential cost of planning products. But how might a simple family loan arrangement utilising exempt gifts help them?