Tax | AccountingWEB

Tax

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.

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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.

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

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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.

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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

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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.

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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

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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?

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