Tax

We look at the VAT aspects of electric vehicles and the impact on businesses, specifically around VAT recovery and compliance.

We highlight an often overlooked VAT issue which is particularly relevant to property development, or for any business that changes its intended use of an asset from a taxable sale to exempt.

In this blog, Tessa briefly highlights some of the benefits of having a PSA in place, how they work and what they can offer.

Our medical accounting team discusses the recently announced details of the GMS contract and the effect on GPs’ living costs and budgets.

Recent changes to the annual allowance are resulting in landlords paying more capital gains tax when selling a buy-to-let property. We discuss the changes and the reporting deadline which could result in penalties if missed.

If you receive a letter from HMRC stating you may have received overseas income or gains which are taxable in the UK, what should you do? We highlight some common errors on tax returns.

If you have income from overseas, you likely have to disclose this to HMRC, even if you don’t bring it into the UK. HMRC are sending nudge letters to individuals who have offshore income they haven’t reported as they may need to pay UK tax.

Yinchao highlights the tax reliefs that can be claimed when working from home. 

We discuss tax considerations for new limited companies. 

Now the super-deduction capital allowance has ceased, we take a look at tax reliefs for companies purchasing plant and machinery: the new ‘full expensing’ capital allowance and the Annual Investment Allowance.

Changes have been made to Making Tax Digital which will affect many more people who submit a self assessment tax return. Read our blog to see if you’re affected and when you need to comply.

Read our ten year-end tax planning points to consider before 5 April 2023.