Tax News
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Will new property tax erode tax efficiency?
You recently purchased a new trading premises for your business and plan to charge your company rent. As tax rates on property income are going up in April 2027, is this arrangement likely to be tax efficient?
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Slash your NI bill by hiring an apprentice
Unless you’ve been living under a rock you will know that there are not enough young people in employment, education or training. The government offers several financial incentives to employers to hire young adults as apprentices. What’s involved and what could you save?
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HMRC attacks legitimate staff travel costs
The Upper Tribunal recently ruled on a dispute between HMRC and British Airways (BA) regarding the free accommodation it provided for its employees. HMRC said it was taxable, BA disagreed. What was the outcome?
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Should you voluntarily payroll benefits in kind?
The window to sign up to voluntarily payroll non-mandatory benefits in kind for 2027/28 will open in November. Is it worth volunteering to pay HMRC earlier than required or should you wait until it becomes mandatory in 2028/29?
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Why is HMRC checking PVA more often?
Your business imports goods and accounts for VAT by applying postponed VAT accounting (PVA) on its returns. HMRC is scrutinising returns and issuing large assessments in some cases. What can you do to reduce the risk of getting it wrong?
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Do dividend waivers still work?
You need to take a dividend from your company but there’s just one problem. Your business partner, who is also a 50% shareholder, doesn’t want to take any more income from the company during this tax year. What’s the solution?