We have written in previous Tax Tuesday pieces about the value of the various tax reliefs which are available to entrepreneurs here in the UK. However, the complexity of the tax legislation means it is all too easy to inadvertently miss out on these reliefs if...
With the end of the tax year (5 April) fast approaching, taxpayers are well advised to consider whether any action can be taken before the year end to optimise their tax position. Some of the more common points to bear in mind are as follows. 1. Salary for spouse...
The UK prides itself on being an entrepreneurial and business-friendly nation. The tax legislation reflects this by providing for various valuable tax reliefs which encourage this entrepreneurial spirit. One such relief is the ‘substantial shareholding exemption’...
In recent years, various tax changes have been introduced which target residential property owners, particularly those with second homes and/or personally owned property rental businesses. The various measures introduced have served to increase tax rates applicable to...
For those running their trading business through a company, whether it is cheaper in tax terms to finance a car through the company or outside of it, is something which requires careful calculation. In a company, the costs of maintaining the car and an element of its...
We recently wrote about the new Omicron Hospitality and Leisure Grant (OHLG), as announced by the Chancellor on 21 December 2021. (See our previous blog here) The government has now provided further guidance on criteria, eligibility and how to apply for the grant. Who...
