Claiming a deduction for pre-letting expenses

For tax purposes, a property rental business begins when the first property is let. However, it is likely that the landlord will have incurred some expenses prior to that date in getting the property ready to let and in finding a tenant and agreeing the let. Once the letting has commenced, expenses incurred in relation […]

Tax and using a work’s van

If an employee uses a work’s van for private use, which usually means home-to-work travel, there’s a taxable benefit and a subsequent tax charge.

Employing family members

Businesses who employ a family member to help out are able to claim a tax deduction for the cost of a reasonable wage. This applies where their duties include, by way of example, answering the phone, going to the bank, bookkeeping and other administrative tasks.

Jointly-owned property – who pays the tax?

Where property is jointly-owned, the way in which the rental income can be split between the joint owners for tax purposes depends on whether the joint owners are married or in a civil partnership or not.

Tax-free taxis

As an employer do you ever provide your employees with a taxi either to or from work? Possibly for special occasions or related to late night working? Did you know doing so they could trigger a tax liability?

Making Tax Digital – what do you need?

VAT registered businesses with VATable turnover above the VAT registration threshold of £85,000 are required to comply with the requirements of MTD for VAT from the start of their first VAT accounting period beginning on or after 1 April 2019.

Could your business cope with an HMRC enquiry?

HMRC enquiries into a business can cause considerable upheaval. Here we look at how you might be able to minimise any disruption. After all an HMRC enquiry doesn’t always mean that something is wrong, it could be the result of a random selection.

Reducing your payments on account

Under the self-assessment system, a taxpayer is required to make payments on account to HMRC – advance payments towards the eventual tax and National Insurance liability for the given year.