Tax Relief for Unpaid Rent
As the cost-of-living crisis bites, landlords may find that tenants struggle to pay their rent. Where this is the case, the relief that is available
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Preserving the Personal Allowance
The personal allowance is set at £12,570 for 2023/24. However, not everyone is able to benefit from the personal allowance. A taper applies which gradually
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Giving Away Money Free of IHT
Most people do not want to give money to the taxman when they die. However, while it is said that inheritance tax (IHT) is a
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Beware the New VAT Late Submission Penalties
A new penalty regime was introduced for VAT from 1 January 2023. The new regime comprises late submission penalties and late payment penalties. Here we
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Have You Declared Your Dividends Correctly?
Dividends are a popular and tax-efficient way to extract profits from a personal or family company once a small salary has been paid. However, the
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Utilise The Deduction For Paid and Reimbursed Expenses
Employees often need to incur expenses when undertaking their jobs. The nature of the expense may vary depending on the job, but typical expenses include
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What are the Most Tax-Efficient Investments in the UK?
It is imperative to know what are the tax-efficient options to make the most from investments in the UK. There are several people around who
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Tax Consequences of Dissolving a Partnership
The difficulty in dealing with partnership taxation is that there are no separate rules and those present are not located in one place. What rules
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The Taxation of Cryptocurrency
Cryptocurrency is a complicated concept and the following text gives HMRC’s view on the basic rules. Modern cryptocurrencies were first described in 1998 but the
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Enquiry or Discovery – What is the Difference?
Most taxpayers know that they must adhere to a rigid timetable for the submission of tax returns and claims, otherwise either penalties are levied or
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