Navigating HMRC BIK Policy on Home EV Charging Costs
This article discusses HMRC's recent policy shift, exempting Benefit In Kind (BIK) tax charges for employers reimbursing employees for home electric vehicle charging costs, encouraging the adoption of electric vehicles and promoting sustainability.
Understanding The UK Flat Rate Scheme For VAT: A Simplified Guide
This article provides a comprehensive guide to the UK Flat Rate Scheme for Value Added Tax (VAT), covering its basics, joining process, disqualification criteria, leaving procedures, benefits, and steps to calculate VAT payments under the scheme, offering valuable insights for...
Espalier Vs HMRC: Higher SDLT & Mixed Used Property
The Espalier Ventures Property (Lansdowne Road) Ltd. vs. HMRC case underscores the higher Stamp Duty Land Tax (SDLT) rate application, ruling that garages were part of a dwelling under the FA03 Para 18(3) and rights to communal gardens were linked...
Bed and Breakfast Business: A Guide to UK Taxes and Hospitality
The article guides UK Bed and Breakfast (B&B) owners through key tax considerations, including income tax, employment taxes, Capital Gains Tax (CGT), and Stamp Duty Land Tax (SDLT), emphasizing the benefits of professional accounting services.
UK Airbnb Tax – Your Guide to Taxation and Property Accounting
The sharing economy has revolutionised the way we travel and experience new places. In the United Kingdom, Airbnb has emerged as a prominent platform for property owners to list their accommodations, whether it’s a spare room, an entire home, or...
HMRC v Gerald and Sarah Lee: A Case for Private Residence Relief
The article discusses the HMRC v Gerald and Sarah Lee case, providing insights into the application of Private Residence Relief (PRR) in property redevelopment situations, highlighting the complexities, HMRC's interpretation, the Lees' appeal, the First Tier Tribunal's decision, and the...
Mullens vs. HMRC: Taxation Dispute Over £40 Million Payments
The Mullens vs. HMRC case unfolds a legal battle over £40 million payments, highlighting the significance of transparent tax reporting and the repercussions of deliberate tax omissions and inconsistencies.
Benjamin Cohen vs. HMRC: Higher SDLT Rate & Residence Dispute
Mr. Benjamin Cohen's appeal against HMRC's higher Stamp Duty Land Tax rate on Luna Court was dismissed. The tribunal ruled Sherrard Road did not qualify as his main residence, upholding the higher SDLT rate due to non-compliance with Schedule 4ZA's...
Fiander and Bower Vs HMRC: Interpreting Suitable Dwellings for MDR
Fiander and Bower V HMRC also known as The Hemingford House case revolves around the issue of whether a main house and an annex, both forming part of a residential property did not qualify for Multiple Dwellings Relief (MDR) ....
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