IHT and domicile

Domicile is a general legal concept which in basic terms is taken to mean the country where you permanently belong ...
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CGT Roll-over Relief

Business Asset Roll-over Relief is a valuable relief that allows the deferral of Capital Gains Tax (CGT) on gains made ...
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Structures and Buildings Allowance qualifying expenditure

The Structures and Buildings Allowances (SBA) facilitates tax relief for qualifying capital expenditure on new non-residential structures and buildings. The ...
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What is a tax calculation?

A tax calculation is created by HMRC if you have not paid the right amount of tax. HMRC’s annual reconciliation ...
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Teesside Freeport open for business

The first of the English Freeports, Teesside, opened operations on 19 November 2021, and is expected to be followed shortly ...
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New warnings from HMRC re tax fraudsters

Fraudsters are continuing to target taxpayers with scam emails in advance of the 31 January 2022 deadline for submission of ...
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Tax Diary December 2021/January 2022

1 December 2021 - Due date for Corporation Tax payable for the year ended 28 February 2021. 19 December 2021 ...
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VAT and business gifts

In general, VAT does not have to be accounted for on business gifts to the same person as long as ...
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If clients ask – trading hours for retailers

There are special rules that govern the trading hours that certain retailers must follow on a Sunday. These rules are ...
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Appealing to the First-tier Tribunal (Tax)

There are a number of different options open to taxpayers that disagree with a tax decision issued by HMRC. Usually, ...
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Self-Assessment countdown

There are now less than 75 days to file your 2020-21 Self-Assessment tax return. Last year over 12.5 million taxpayers ...
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Business gifts

The rules for deciding whether a gift given in the course of business is deductible are complex. The rules for ...
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A reminder of trivial benefit rules

We wanted to remind readers of the trivial benefits in kind (BiK) rules. The BiK exemption applies to small non-cash ...
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Mandatory vaccination for frontline health and social care worker

The government has published its response to its consultation on making COVID-19 vaccination a condition of deployment for frontline workers ...
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VAT business test

There are a number of conditions that must be satisfied in order for an activity to be within the scope ...
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Tax treatment of incentive scheme awards

Some companies use incentive award schemes to encourage their employees in various ways. For example, to sell more of their ...
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What can be transferred between group members?

Corporation Tax relief may be available when a company or organisation makes a trading loss. Companies that are eligible for ...
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Reporting COVID support scheme grants to HMRC

Most COVID support scheme grants are treated as taxable income in the same way as other taxable receipts and need ...
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Vehicles eligible for a plug-in grant

The low-emission vehicles plug-in grant can help you save up to £2,500 on the purchase price of new low-emission vehicles ...
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Vehicles exempt from Vehicle Excise Duty

Vehicle Excise Duty (VED), also commonly referred to as vehicle tax, is an annual tax levied on owners of most ...
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