Multiple Dwellings Relief: Andrew and Tiffany Doe v HMRC
In a significant tax case, an appellant challenged the denial of multiple dwellings relief (MDR) for a residential property under Stamp Duty Land Tax. The property, a detached house with an annexe, raised questions about its classification as a single...
Loan to Participators (Section 455 Tax)
Learn about about what Section 455 charge is and whether it applies to you or not.
Capital Allowances: Full Expensing and 50% FYA
Who can claim Capital Allowance and what is it? Learn about it all from this article to guide you through all of its ins and outs.
Tax Implications of Employing Staff in The UK for Your Business
This article delves into the tax implications and responsibilities associated with hiring employees in the UK, offering valuable insights to assist you in efficiently managing your business tax account and enhancing tax optimisation.
Types of Capital Allowance for Property Investors
The article provides insights into capital allowances for businesses investing in capital assets, explaining types such as First Year Allowance, Annual Investment Allowance, and Written Down Allowance. It highlights special considerations like the 100% First Year Allowance for specific assets...
Tax Software vs Accountant
Deciding between a tax accountant or software for your business taxes? Consider needs, complexity, and budget for accurate compliance and potential savings.
Company Director barred: £170k false HMRC Tax Claim
Burnley's Stoyan Kostov disqualified for 12 years after falsely claiming £170,000 through HMRC's Construction Industry Scheme, highlighting the consequences of financial misconduct and reinforcing the importance of ethical business practices.
The Ultimate Guide to Bed and Breakfasting
If you are a director who has borrowed from your personal company, the Bed and Breakfasting rule may apply to you.
Reclaiming Section 455 Tax
The tax liability incurred when a director borrows loan from a close company is referred to as section 455 charge.
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