Tax planning

Tax | Farms: CGT and ascertained value for accounts

With farmland values remaining high and some farmers looking to sell farmland, sometimes in small blocks, the base cost for capital gains tax (CGT) becomes a key consideration. Julie Butler, joint managing partner at Butler and Co, examines the accounting and tax planning priorities

9 Sep 2021

Tax | Social care levy raises tax bill for business

Accountants are warning that the increase in National Insurance contributions for businesses could discourage the creation of new jobs and potentially put some at risk, while the individual tax burden is at its highest for decades

8 Sep 2021

Tax | Creating a family trust and tax liability

Setting up a family trust can provide a long-lasting legacy for your loved ones and future generations. It can also provide wealth protection to ensure it is used for suitable purposes, as well as offering tax benefits, explains Peter Skelly, senior manager at ZEDRA

8 Sep 2021

Tax | Helping clients claim self-employed income support scheme (SEISS)

Sudesh Sud, CEO and founder of digital tax software at Apari discusses the role accountants can play in helping clients claim for the self-employed income support scheme (SEISS) and eligibility criteria

6 Sep 2021

Tax | Super-deduction tax break – CPD module

In this month's exclusive Accountancy Daily CPD module, we focus on the super-deduction detailing what the relief is and how it is given, the conditions that must be met for the expenditure to qualify for the super deduction, and the disposal of the asset

1 Sep 2021

Tax | ‘Transparent’ businesses exempt from uncertain tax notifications

HMRC has updated its policy paper explaining the requirement for large businesses to notify the tax authority when they have adopted an uncertain tax treatment, due to come in next year

26 Aug 2021

Tax | Creative industry given £1.31bn tax boost

The creative industry has continued to reap the benefits of generous tax breaks for films and television during the pandemic with relief claims up by nearly 20% in the last year

25 Aug 2021

Tax | Impact of Covid-19 pandemic on transfer pricing

Previously accepted comparables used for establishing a company's transfer pricing policy might not be comparable due to the impact of the pandemic, warn David Whitmer, transfer pricing practice leader and Srinidhi Tuppal, transfer pricing manager at Kreston Global

23 Aug 2021

International tax

Tax | HMRC must incentivise business R&D spending

Reform of the overly complex research and development (R&D) tax credits system is long overdue and would release funding for innovation, argue Daniel Kyle, James Rolfe and Steven Smith, senior tax consultants at Leyton UK

20 Aug 2021

Tax | KPMG launches specialist tax practice for US expats

Big Four firm KPMG UK is launching a tax practice in London to support US expatriates in the UK and across Europe as the potential for US tax reform accelerates

17 Aug 2021

International tax

Practice & Industry

Tax | Super-deduction extension will benefit property landlords

Property landlords can now take advantage of the most attractive tax incentive for business investment ever offered by the British government, but they need to move fast, according to financial advisers Old Mill

5 Aug 2021

Tax | Inheritance tax take hits £5.4bn

The amount of inheritance tax raised during tax year 2020-21 has increased by 4% to £5.4bn, up £190m year on year, although the amount of money offset for charitable donations has declined over the same period

30 Jul 2021

Tax | ATT call to delay major change to how profits are taxed

The Association of Taxation Technicians (ATT) is calling for a delay to a major change in how trading profits are assessed for tax purposes, as well as appealing for more consultation time and a clear roadmap leading up to the proposed introduction of the proposals

22 Jul 2021

Making Tax Digital

Tax | Q&A: tax and employee ownership trusts

In our regular Q&A series, Croner Taxwise tax adviser Ibrahim Nalla examines the tax implications of setting up an employee ownership trust for a privately held company

13 Jul 2021

Tax | Professional indemnity insurance won’t be enough says ATT

The new president of the Association of Taxation Technicians (ATT) has used his first speech in post to urge the government to make membership of a professional body mandatory for all providers of tax advice

12 Jul 2021

Tax | Tax and residential lease extensions

Mark Cawthron LLB CTA examines the tax implications of residential lease extensions and the changes to the tax reporting and payment rules for disposals of UK residential property

7 Jul 2021