TCL

Autumn Budget 2024

October 2024 Billions in tax rises Ms Reeves said the Budget will raise £40 billion in taxes. Employers’ National Insurance […]
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Claiming a deduction for the expenses of a property business

Expenses will be incurred in running a property business. To ensure that tax is not paid unnecessarily, it is important […]
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The company makes a loss – can a dividend be paid?

Anyone who invests in a company is taking a chance, hoping that the directors, as representatives of the company, will […]
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Utilising losses from a property rental business

Where a landlord makes a loss on their property rental business, the options for using that loss are limited. The […]
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New residence-based regime for foreign income and gains

The remittance basis of tax is an optional tax treatment that allows individuals who are resident but not domiciled in […]
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VAT on school fees

As outlined before the election, the new Government are to go ahead with their proposal to impose VAT on school […]
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Tax planning for trading losses

A sole trader or partnership business may make a loss for several reasons – not necessarily because it is not […]
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Do I need to worry about IR35?

If you provide your services personally to an end client through your own limited company or other intermediary, you may […]
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What can HMRC do if you do not pay your tax bill?

HMRC have a range of powers at their disposal to collect unpaid tax. If you are struggling to pay a […]
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UK tax treatment of rent from overseas properties

A person who is resident and domiciled in the UK is liable to UK tax on their worldwide income. Consequently, […]
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