Newsletters
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Changes to registration threshold?
It’s rumoured that the Chancellor will raise the VAT registration threshold from £90,000 to £120,000 to stimulate economic growth. But other reports suggest it could be cut to £30,000 to raise revenue. What would these changes mean for your business?
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Mortgage interest: don’t miss out on unused relief!
You own a buy-to-let property and need to report your profits for 2024/25. You have a mortgage, but your calculations show that the tax reducer will exceed the rental profit. Will the excess go to waste?
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When should you submit a protective claim to HMRC?
Your business has charged VAT on some sales but a recent tribunal decision has indicated that the goods are zero-rated according to the law. Should you submit a claim to HMRC for a rebate on your past sales?
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Does personal use of business AI tools put tax relief at risk?
You’re self-employed and recently found a subscription service for an AI tool that can do the majority of your admin tasks. It’s so efficient that you’ve started to use it increasingly for non-business tasks too. Can you still claim tax relief?
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Shifting private residence relief to maximise tax saving
Last year you bought a second home which has increased in value. Meanwhile your main home has devalued. How can you use a tax election to obtain loss relief for one property while exempting the gain on the other?
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The Deputy Prime Minister, SDLT and a tale of woe
You can’t have missed the recent furore surrounding the apparent tax dodging exploits of Angela Rayner. The issues involved might seem remote for most taxpayers, but are there lessons to be learned for all of us?