Business asset disposal relief (BADR) can be claimed by trustees as well as individual taxpayers. However, as with most trust-related tax matters, there are additional considerations. What did a
recent Tribunal case consider in this area?
Published 01.05.2024
In the 2024 Spring Budget, the Chancellor raised the thresholds and scaled back the taper rate for the high income child benefit charge (HICBC). What does this add up to for your clients, and should
they consider restarting a claim?
Published 01.05.2024
One of your clients has inherited a considerable amount of cash, and wants to invest in properties to let out. She has considered buying these through a company, but isn’t sure of any tax advantages.
If she opts to buy the properties personally, could forming a company still help in a different way?
Published 01.05.2024
The decision to claim or not claim input tax usually depends on the business purpose and intended use of the expense when it is incurred. The payback and clawback rules are an exception where your
clients might need to claim or repay input tax to HMRC on a future return. What should you advise them to...
Published 01.05.2024
Your client has an opportunity to acquire a company that has been loss-making for some time, with a view to reviving it. He wants to know if usage of the company’s losses will be restricted. What can
you advise?
Published 01.05.2024
You’re considering leasing instead of purchasing cars for your business. This will improve cash flow and, according to the salesperson, allow you to reclaim VAT that you would not otherwise be
entitled to. Are they correct?
Published 01.05.2024
The responsibility for mental health in the workplace can fall under the scope of human resources (HR) or health and safety (HS), or both. At a time when the problem is increasing exponentially, what
is the best approach?
Published 01.05.2024
Commercial and public buildings produce 23% of UK built environment carbon emissions. Improving workplaces’ energy efficiency is therefore key to supporting businesses to meet their ESG goals and
contribute to the national “Net Zero” target. What do you need to know before embarking on a retrofit?...
Published 01.05.2024
There’s a huge variety of chemicals used in the workplace, and each must be supplied with a safety data sheet (SDS) telling you of its hazardous properties. If you use a substance with an H360 hazard
statement, what are the particular risks and what should you do to control them?
Published 01.05.2024
Last year produced a good profit with a correspondingly high tax bill. Conversely, the current year will show a small loss. This has left the company with insufficient funds to meet the tax bill. How
might a change of accounting date help its finances?
Published 01.05.2024