Newsletters
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Using pension recycling to help fund coronavirus shortfall
A company is struggling for cash in the wake of the coronavirus lockdowns. It has approached its bank for a loan but the interest rate being offered is eye-watering. How could it use pension recycling as a tax-efficient alternative?
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Maximising the benefit of gift aid claims
Gift aid can provide a valuable tax break for higher or additional rate taxpayers. With coronavirus affecting many of them, what additional points should they be looking out for when advising them this year?
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Tax return errors: persuading HMRC that it was not deliberate
HMRC claimed that a taxpayer had deliberately made errors on his tax return. The taxpayer disputed this and took his argument to the First-tier Tribunal (FTT). Why did he think this was worth the effort and what did the FTT decide?
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Taking dividends after a loss-making year
The accounts for a company’s recently-ended financial year are being finalised by the accountant. The owners expect them to show a loss. Does this mean they should stop taking dividends to avoid trouble with HMRC?
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Can the net estate be increase by giving money away?
An individual's will includes several bequests to charities. The family solicitor has said that increasing the donations could lower the inheritance tax (IHT) bill and so might leave the beneficiaries better off. How does this work?
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Cycling to work - keep it simple to avoid tax problems
A company's employees have expressed an interest in the cycle-to-work tax break and with summer not far away the employer is also tempted. However, there seems to be a mountain of literature to plough through. Is there a simple option?
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