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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
  • Detailed advice delivered in clear language
  • 100% safe to use
  • Completely independent advice

A unique collaboration between

  • Our in-house experts
  • 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
  • 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

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

You can choose from the following subscription options...

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  • All previously published articles readily available in our online database

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


Year 8 - issue 5 - 30.09.2021

TAX RATES

Tax hikes for 2022/23 confirmed

On 7 September 2021 the government confirmed some tax and NI rates would increase to help fund the NHS and social care. How will the changes affect your clients?

CORPORATE RESTRUCTURING

Holding company alternative to share exchange

One of your clients operates two trading companies and wants to insert a holding company above them. A share-for-share exchange is one option, but what alternative might you consider and why?

FURNISHED HOLIDAY LETS

Preserving qualifying status for 2020/21

The lockdowns of 2020 mean that clients with furnished holiday lets could fail to meet the qualifying conditions for the 2020/21 year. How can you help them maintain the qualifying status, and why is it important?

BUSINESS PROPERTY RELIEF

Ensure qualifying assets aren’t overlooked for BPR

A longstanding client has recently died and you are assisting the solicitors with the business property relief claim in respect of a trading company. What can you do to ensure maximum relief is obtained?

LOANS TO PARTICIPATORS

Does a partnership arrangement create a s.455 charge?

Your client is a director and shareholder of a company. She wants to use company funds to lend two of her friends money which will fund a new partnership. However, as she will be involved in the partnership, will the loans to participators rules apply?

ANTI-AVOIDANCE

Are you overlooking the value shifting rules?

The value shifting rules can apply a tax charge to a transaction in certain circumstances. Your clients are unlikely to be aware of the rules, so you will need to advise them accordingly. What circumstances should you be looking out for?

CORONAVIRUS - VAT

VAT trading challenges in a post-coronavirus world

The pandemic has resulted in more self-employed people and this trend is likely to continue. What VAT issues should you keep in mind for clients as the country starts to move on?

ENFORCEMENT

Settlement opportunity for film schemes

CARS

Latest changes take effect from 1 September

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