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Tax for Professionals

Tax for Professionals

Every month see how to save tax with our detailed advice plus the follow-up steps on how to implement it

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Ensure your clients pay the least amount of tax possible in a legally safe way
Provide your clients with reliable and practical tax advice
Be able to answer any queries your clients have
Keep abreast of the latest tax changes
Understand the consequences of new tax legislation and case law
Have a series of ready-to-use tools and calculators, letters and source material close at hand

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Here are some of the topics we cover:

Accounts

Bad debts
Basis period
Case law
Checking
Errors
Fees
FRS
Generally accepted accounting practice
Investigation
Miscellaneous
Writing off

Agriculture

Averaging election
Herd basis

Bank accounts

Funding
Interest
Investigations
Joint accounts
Offshore
Personal
Returns

Benefits

Assets
Benefits-in-kind
Cars
Company-owned
Earnings limit
Miscellaneous
P11d notices
Personal
Reclaiming VAT
Records
Remuneration package
Travel
Trivial
Vans

Brexit

Brexit

Business status

Incorporation

Capital allowances

Annual Investment Allowance
Business property relief
Business purchase
Cars
Construction
Enhanced capital allowances
Environmentally beneficial
First year
Fixtures and fittings
Industrial buildings allowance
Intangible asset
Miscellaneous
Plant and Equipment
Writing down
Year-end planning

Capital gains tax

Allowances
Annual exemption
Antiques
Business property
Case law
Distribution on winding up
Divorce/separation
Domestic property
Enterprise investment scheme
Entrepreneurs' Relief
Exemption
Foreign exchange gains
Gifts
Goodwill
Holdover
Home as office
Husband/wife
Indexation Allowance
Joint ownership
Losses
Market value
Miscellaneous
Negligible value
Offshore funds
Part disposals
Private residence relief
Reporting
Roll-over relief
Shares
Social investment tax relief
Taper relief
Tax bands
Tax breaks
Valuation
Wine
Year-end planning

Cars

Advisory fuel rates
Allowances
Authorised Mileage Rate
Benefits-in-kind
Capital allowances
CO2 emissions
Family members
Leasing
Loans
Miscellaneous
Private use
Scale charge
Vans
VAT

Children

Bank accounts
Child benefit
Childcare vouchers
Company car
Education funding
Gift
High income child benefit
Inheritance tax
Investments
Personal allowance
Tax credit
Tax planning
Trusts

Civil partner

Divorce

Companies

Associated
ATED
Close
Companies House
Corporation tax
Demergers
Dividends
Foreign
Incorporation
Loans
Miscellaneous
Moving profits
Offshore
Purchasing
Selling a company

Contractors

CIS scheme

Coronavirus

News

Corporation tax

Accounting period
Allowances
Annual return
Associated companies
Deductions
Disincorporation
Gifts
Goodwill
Joint companies
Losses
Miscellaneous
Offshore
Payment bands
R&D relief
Relief
Sponsorship
Tax bands
Transfer pricing
Year-end planning

Cryptoassets

Capital Gains Tax
Corporation tax
Income tax
Inheritance tax

Dividends

Distribution
Husband and wife
Illegal dividends
Maximum
Miscellaneous
Non-corporate
Timing
Vouchers
Waivers
Year-end planning

Domicile

Allowable capital losses
Non dom

Employees

Allowances
Benefits
Capital allowances
Casual
Children
Contractors
Directors
Disabled
Dividends
Employment status
Expenses
Foreign
Freelancers
Gifts to
Income tax
Loans to
Maternity leave
Miscellaneous
National Insurance
P11D
P35
Parental leave
PAYE
Records
Self-employed
Statutory maternity pay
Statutory sick pay
Tax codes
Temps
Termination
Training

Enquiries/investigations

Assessments
Bank account enquiries
Fishing letters
Inspectors' visits
Interest
Investigations
Miscellaneous
Penalties
Taxman's rights
Tribunals

Entertainment

Allowances
Business
Case law
Employees
Expenses
Miscellaneous
Tax-free limits
Third party
VAT

Expenses

Allowances
Annual returns
Benefits-in-kind
Case law
Dispensations
Home as office
Medical
Miscellaneous
Payment
Records
Repairs/renewals
Travel
VAT

Finance

Raising finance

Gifts

Capital gains tax
Charitable
Children
Employee
Gift aid scheme
Inheritance tax
Miscellaneous

Green taxes

Plastic packaging tax

HMRC

Administration
Announcements
Appeals against
Budget
Clearances
Dealing with generally
Enforcement
Errors
Forms
Guidance
Identity theft
Interest rates
Internal review
Making tax digital
Miscellaneous
Payments
Procedure
Repayments
Self-assessment

Husband and wife companies

Dividends
Divorce
Income shifting
Income splitting
Inheritance tax
Interest split
Joint property
Miscellaneous

Income tax

Allowances
Assessments
Capital gains tax
Cars/fuel
Case law
Children
Codes
Deadlines
Dividend timing
Gift aid
Gifts
Loans
Losses
Miscellaneous
Overpayment
Payment methods
Payments on account
Penalties
Personal allowance
Rates
Relief
Repayments
Returns
Scottish rate of income tax
Student loans
Tax avoidance schemes
Tax credits
Underpayment
Welsh rate of income tax

Inheritance tax

Agricultural property relief
Annual exemption
Business property relief
Case law
Deeds of variation
Enduring power of attorney
Exemption
Gifts
Insurance
Joint accounts
Marriage
Miscellaneous
Nil-rate band
Offshore
Potentially exempt transfers
Pre-owned assets
Property transfers
Quick succession relief
Returns
Syndicate agreement
Trusts
Using a will
Valuation

Insurance

Bond
Claim
Fee protection
Life
Permanent health
Recovery

Investments

AIM stocks
Allowances
Bonds
Capital gains tax
Enterprise investment scheme
Exemptions
Help to save
Interest
ISAs
Offshore
Scams
Social investment tax relief
Trust funds
Unit trusts
Venture capital trusts
Woodlands
Year-end planning

IR35

Definition of
Factors indicative of
Payment of tax

Loans

Bank
Benefit-in-kind
Directors
Employees
Family
Interest
Loan accounts
Miscellaneous
Mortgages
Student loans

Making tax digital

General

Married couples

Marriage allowance

National Insurance

Age exemption
Bands
Benefits
Class 1A
Class 2
Class 3
Earnings periods
Earnings threshold
Employee status
Employment allowance
Enforcement
Errors
Late payment
Miscellaneous
Overpayments
Rates
Rebate
Rental income
Self-employment
Six-year rule
Voluntary payments

News

Capital allowances
Capital gains tax
Cars, vans and fuel
Coronavirus
Corporation tax
Expenses
HMRC enforcement
Income tax
Inheritance tax
Making Tax Digital
National Insurance
News
Pensions
Property
Returns, forms and admin
Sole traders and partnerships
Stamp taxes
Status
VAT

Offshore

Amnesties
Capital gains tax
Companies
Homes abroad
Income tax
Investments

Partnerships

Limited liability
Tax returns

PAYE

Construction industry scheme
Employees' obligations to pay
Overpayments
P11Dd
Payment of via deductions
Payroll software
RTI
Taxable earnings
Underpayment of tax

Payments

Direct deductions
Payment options
Repayments
Tax summaries

Penalties

Appealing against
Careless or deliberate
CIS scheme
Interest
Money laundering
RTI
Self employed

Pensions

A-day
Allowances
Annuity
Auto enrolment
Contribution limits
Pension input periods
Personal
Relief
Schemes
SIPPs
SSAS
Tax-free lump sum
Tax rebate

Practice admin

Agent authorisation
Client contact

Profit extraction

Benefits-in-kind
Bonuses
Capital gains
Dividends
Miscellaneous
Remuneration package
Salary
Shares

Property

Annual tax on enveloped dwellings
Business asset taper relief
Buy-to-let
Capital allowances
Capital gains tax
Disadvantaged areas
Funding
Holiday lets
Home as office
Inheritance tax
Joint ownership
Lease
Letting's relief
Lettings relief
Main residence
Miscellaneous
Mixed-use
Option to tax
Overseas
Rental income
Repairs/renewals
Self-build
Stamp duty
Transfer
VAT

Residency

Tests

Returns

CIS returns
Company
Corporation Tax
Deadlines
Enforcement
Entries
Errors
Incentives
Late submission
Miscellaneous
Online
Paper
PAYE
Penalties
Personal
Posting
Quality standard
VAT

Self assessment

Penalties
Procedure
Trading and property allowances

Buy-backs
Capital gains tax
EMI scheme
Employer share schemes
Gifting
Husband/wife
Inheritance tax
Loss relief
Miscellaneous
Negligible value
Valuations
year-end planning

Stamp Duty

Miscellaneous
Penalties
Rate

Succession planning

Family
MBO

Tax

Income tax

Tax credits

Tax credits
Working tax credits

Tax liability

Determination
Special relief

Trusts and estates

Self assessment

Vans

VAT

Agents
Allowances
Appeal
Assessments
Bad debt
Barter trade
Benefits-in-kind
Capital goods scheme
Case law
Cash accounting
Charities
Construction
Deposits
Deregistration
E-commerce
Education
Entertainment
Errors
EU sales
Exempt supplies
Flat rate
Global accounting scheme
Groups
Holding company
Input tax
Late returns
Margin scheme
Membership fees
Miscellaneous
MOSS
Option to tax
Output tax
Partial exemption
Payment
Periods
Prompt payment discount
Property
Rates
Reclaiming
Records
Registration
Returned goods
Returns
Schemes
Self billing
Staff clothes/equipment
Standard rate
Stock value
Surcharge
TOGC
Tribunal
Unjust enrichment
Voluntary disclosures
Zero-rated

Wages/salaries

Benefits
Bonuses
Directors
National Insurance
National minimum wage
PAYE
Pay in lieu of notice
Payroll
Remuneration packages
Sacrifice schemes
Sick pay
Spouses
Tax codes

Digital only - the green way

Direct to your inbox by email, every month
24/7 online access to the digital version (website + app)
All previously published articles readily available in our online database

In the most recent issue you'll find advice on...

Year 10 - issue 7 - 30.11.2023

AUTUMN STATEMENT

Tax cuts focus on NI rates

The Autumn Statement announced headline-grabbing NI cuts for both employees and the self-employed. What were the main changes and, crucially, when do they happen?

DOMICILE

The remittance basis and new share exchange rules

A non-domiciled client has received income and gains from an offshore company and wants to exclude them from tax under the remittance basis. However, you are aware of a share exchange prior to this. Why might new rules mean the basis can’t apply?

PARTNERSHIPS

Do clients need to apply the salaried member rules?

Your client, a limited liability partnership (LLP) that provides investment management services, has asked whether one of its members meets the conditions of the salaried member rules. What are these rules, and what guidance does recent case law provide?

PENALTIES

Penalties: evidence and the burden of proof

One of our subscribers recently convinced HMRC to remove a surcharge in relation to a supposedly late payment. How does their experience, and a recent tribunal case, underpin some fundamental issues when it comes to appeals?

TRIVIAL BENEFITS

Avoid problems with directors’ trivial benefits

Your client has been warned by HMRC that low value benefits given to directors may not be covered by the exemption for trivial benefits. They are sceptical, and have asked you whether this is the case. What can you advise?

LOANS

How can clients beat high interest rates?

HMRC’s official rate of interest, used for calculating the taxable amount on participator loans, is very low compared with high street rates. How can your clients use this to their advantage in a tax and NI-efficient way?

VAT

Gifts and entertainment: avoiding festive VAT blues

The festive season means that many of your clients will be entertaining and making gifts to their staff and customers. What is the VAT treatment of these expenses for both input and output tax purposes?

TAX CASES

Are social media messages evidence?

TAX CASES

Was share exchange mainly for avoidance purposes?

INHERITANCE TAX

Effective planning for older clients

Several of your clients have attained state retirement pension age but have not undertaken any inheritance tax (IHT) planning. You have arranged a series of meetings to discuss strategies which are suitable for using later in life. What ideas might you suggest?

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Tax for Professionals

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Year 10
Monthly
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Including quarterly bulletin Practice Points
12 articles crammed with reliable advice and ready-to-use solutions

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Tax for Professionals

Every month see how to save tax with our detailed advice plus the follow-up steps on how to implement it

Accounts

Agriculture

Bank accounts

Benefits

Brexit

Business status

Capital allowances

Capital gains tax

Cars

Children

Civil partner

Companies

Contractors

Coronavirus

Corporation tax

Cryptoassets

Dividends

Domicile

Employees

Enquiries/investigations

Entertainment

Expenses

Finance

Gifts

Green taxes

HMRC

Husband and wife companies

Income tax

Inheritance tax

Insurance

Investments

IR35

Loans

Making tax digital

Married couples

National Insurance

News

Offshore

Partnerships

PAYE

Payments

Penalties

Pensions

Practice admin

Profit extraction

Property

Residency

Returns

Self assessment

Shares

Stamp Duty

Succession planning

Tax

Tax credits

Tax liability

Trusts and estates

Vans

VAT

Wages/salaries

AUTUMN STATEMENT

DOMICILE

PARTNERSHIPS

PENALTIES

TRIVIAL BENEFITS

LOANS

VAT

TAX CASES

TAX CASES

INHERITANCE TAX