Newsletters
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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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What is the VAT treatment of free samples?
Your business is keen to boost sales of goods in retail stores, so you have decided to provide free samples to your customers with retail shops, and let them hold your goods on a sale or return basis. How do you deal with VAT in these situations?
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When does dwelling ownership begin for PRR purposes?
The First-tier Tribunal (FTT) recently had to decide if private residence relief (PRR) began when a couple moved into their home or when they bought the land on which it was built. This proved a surprisingly tricky question. What did the FTT decide?
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