Our employment tax and VAT teams look at the direct tax and VAT implications associated with staff gifts to make sure that tax liabilities don’t arise.
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.
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.