On the 30th December 2019 HMRC published updated guidance on the subject of company mobile phones provided to employees. Given that this is inevitably a very popular benefit which promises to be free of Income Tax for potentially millions of users, it is highly...
Last week was another in which readers received a Newsletter full of the “t” word, plus copious coverage of all our Political Parties’ fiscal pledges. Tax Tuesday therefore resists a technical offering today. Instead we take you down memory lane with Historical Taxes...
It’s about saving your clients tax, isn’t it? A conversation with the MD of an engineering company last week confirmed something which the author of Tax Tuesday has long known to be true. Until a client has received good tax advice and planning, they typically don’t...
The long-term march towards an overwhelmingly incorporated UK continues unabated. Only very recently, City AM reported that 4,890 out of 10,400 UK law firms (ie 47%) are now operating as limited companies, up from 32% five years ago. Even in the professions, the...
CGT on the disposal of buy-to-let residential properties is not always easy to mitigate, but there are things which can be done. Firstly, note that the headline rate of tax on gains arising from disposals of buy-to-let property is 28% (or 18% to the extent that your...
