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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

Tax for Professionals is... 

A digital newsletter: to

  • 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

A unique concept...

  • Easy-to-apply advice and solutions
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A unique collaboration between

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  • A broad network of specialists who are experts in their fields

We've created this newsletter for... 

  • Tax professionals
  • Tax advisors
  • Accountants

Extras with our advice... 

Quarterly bulletin Practice Points

  • More detailed information and worked examples on a particular tax-saving strategy
  • Use it to deepen your tax knowledge even further

Ready-to-use documents, letters, checklists...

  • Get the most from our advice in practice
  • Customisable to suit your personal circumstances

Calculators

  • Quickly calculate the most tax-effective solution
  • Compare different options and choose the best one

Examples and source material

  • So you can be sure your position is legally secure

Download these extras quickly and easily at tips-and-advice.co.uk.

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

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
  • 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

Shares

  • 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

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
  • 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

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


Year 7 - issue 9 - 28.01.2021

BREXIT - IMPORTING GOODS

Postponed VAT accounting: practicalities

Since 1 January 2021 your clients have been required to pay import VAT on goods brought into the UK from the EU. Postponed VAT accounting can help with cash flow, but what two key things must your clients do before they can use it?

YEAR-END PLANNING

The effect of coronavirus on year-end planning

The end of 2020/21 is in sight so it’s time to start thinking about your clients’ year-end planning exercise. However, in what areas might the “coronavirus effect” mean some additional thought is needed?

PRIVATE RESIDENCE RELIEF

Private residence relief: using case law to support claims

Claims for private residence relief can become complex. Tribunal cases involving disputed claims are becoming more common. How can you use two recent cases to support a client’s claim for relief?

CORPORATION TAX

How soon can your clients claim to deduct bad debts?

One of your company clients is approaching its year end. Despite coronavirus, it expects to make a modest profit - but to have significantly increased bad debts in the accounts. What do they need to do before you can claim for these?

HMRC POWERS

Information notice penalty was unlawful

A recent Tribunal case held that a penalty relating to an information notice issued by HMRC was unlawful after it tried to refresh the time limit for raising it. Why did the decision go the taxpayer’s way, and what should you look out for with your own clients?

PENSIONS

Advising clients on near-retirement pension planning

The director of one of your company clients is approaching retirement and has asked for advice on the tax implications and benefits of making large pension contributions before retirement, as they have minimal savings. What are the key points to raise?

VAT

Are your clients ready for the new reverse charge?

After two previous delays, the new reverse charge for builders rules for construction services will take effect from 1 March 2021. What has changed in this third iteration of the rules, and what might benefit any affected clients?

LAND TRANSACTION TAX

Welsh land tax rate changes

TAX AVOIDANCE

HMRC warns against new variant of scheme

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