Tax | AccountingWEB


Morning one, morning all. Here’s the news.

Government department makes huge tax blunder

HMRC have issued a s 80  determination as part of their attack against a DOTAS scheme.


Our client has received an accelerated payment notice relating to a brief dabble with a tax avoidance scheme the outcome of which has yet to be resolved through the courts.  So far so understood.


Can the annual CGT exemption be utilised against a capital gain that qualifies under the entrepreneurs rules?


Do we add back the Annual Return fee on CTax computation?  It doesn't seem right as it is a statutory requirement of the company to file a return.


A client has built a Cattery in her back garden, last year she put her costs for this through as expenses to the business (she did her own return), things like hardcore and labour


I have just taken on a new client (sole trader) due to their previous accountant passing away. I've picked up all the relevant paperwork and the accountant's company has now ceased to trade.


It has been traditional in the accounts for a sole trader to create an expense of 'wife's wages', so that a wife (or husband if the wife is the main earner) sets some income against personal allowa


Hi, so I have a client who is looking to buy the freehold of his limited companies premises. Its £650,000 plus VAT.

Question is, should he own this personally or through the company?