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Featured Articles
Latest Guidance
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Personal Tax

Entrepreneurs’ relief is a capital gains tax (CGT) relief available to taxpayers who make a qualifying business disposal (essentially selling or...

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Owner-Managed Businesses

Companies pay corporation tax on their Taxable Total Profits (TTP) for a Chargeable accounting period (CAP).For more on whether the entity is within...

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Value Added Tax

This guidance note provides an overview of the conditions that must be satisfied before women's sanitary protection can be supplied at the reduced...

OMB_tax_img
Owner-Managed Businesses

These examples support the commentary in the FRS 102 ― specific deferred tax issues guidance note.Example 1 ― voluntary revaluation of property,...

Personal_tax_img
Personal Tax

Many people work from home either on an informal or a full-time basis. These people can be employed or self-employed, and their employment status...

OMB_tax_img2
Owner-Managed Businesses

 Definition of capital allowancesIn the broadest sense, capital allowances are a form of tax-approved depreciation. Depreciation, as calculated...

OMB_tax_img5
Owner-Managed Businesses

IntroductionStamp duty land tax (SDLT) was introduced for land transactions with effect from 1 December 2003. Whereas stamp duty was a tax on...

Corporation_tax_img2
Corporation Tax

IntroductionFollowing a period of consultation  on ‘Improving Large Business Tax Compliance’ during 2015, Finance Act 2016, s 161 and...

Personal_tax_img
Personal Tax

In addition to the benefit charge for the private use of company cars or company vans, if the employer pays for the employee’s private fuel,...

OMB_tax_img3
Owner-Managed Businesses

On the sale of a company, a seller may receive loan stock in the acquiring company as consideration for the sale. For tax purposes, loan notes are...

Latest Guidance
Personal_tax_img3
Personal Tax

Entrepreneurs’ relief is a capital gains tax (CGT) relief available to taxpayers who make a qualifying business disposal (essentially selling or giving away their...

OMB_tax_img9
Owner-Managed Businesses

Companies pay corporation tax on their Taxable Total Profits (TTP) for a Chargeable accounting period (CAP).For more on whether the entity is within the charge to...

VAT_tax_img7
Value Added Tax

This guidance note provides an overview of the conditions that must be satisfied before women's sanitary protection can be supplied at the reduced rate of VAT.VWSP1000...

OMB_tax_img
Owner-Managed Businesses

These examples support the commentary in the FRS 102 ― specific deferred tax issues guidance note.Example 1 ― voluntary revaluation of property, plant and equipmentA...

Personal_tax_img
Personal Tax

Many people work from home either on an informal or a full-time basis. These people can be employed or self-employed, and their employment status affects the expenses...

OMB_tax_img2
Owner-Managed Businesses

 Definition of capital allowancesIn the broadest sense, capital allowances are a form of tax-approved depreciation. Depreciation, as calculated under GAAP, is not an...

OMB_tax_img5
Owner-Managed Businesses

IntroductionStamp duty land tax (SDLT) was introduced for land transactions with effect from 1 December 2003. Whereas stamp duty was a tax on documents, SDLT is a tax...

Corporation_tax_img2
Corporation Tax

IntroductionFollowing a period of consultation  on ‘Improving Large Business Tax Compliance’ during 2015, Finance Act 2016, s 161 and Sch 19, Part 3...

Personal_tax_img
Personal Tax

In addition to the benefit charge for the private use of company cars or company vans, if the employer pays for the employee’s private fuel, there will be a...

OMB_tax_img3
Owner-Managed Businesses

On the sale of a company, a seller may receive loan stock in the acquiring company as consideration for the sale. For tax purposes, loan notes are either QCBs or...