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Are IHT changes coming?
Personal TaxYou’re seeing a lot of speculation in the press about further changes to inheritance tax (IHT) in the upcoming Budget, including a cap on the amount you can give to your loved ones. Would you be better off making gifts before the Budget date?
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Company motorbikes - a two-wheeled tax trap?
Personal TaxYou’ve taken on a youngster as a general assistant for your business. The role includes making local deliveries for which your firm provides a motorbike. This could trigger unexpected tax and NI charges. What steps can you take to avoid them?
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Do you need to pay tax on loyalty points and cashback?
Business Tax, Personal TaxYou’ve been making business purchases on your personal credit card and reaping the rewards in the form of airmiles and cashback. What, if anything, do you need to do to keep on the right side of HMRC?
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Can you claim input tax without a VAT invoice?
VATOne of our clientss cannot provide a tax invoice to HMRC to support an input tax claim on the purchase of machinery three years ago. What alternative evidence should be acceptable to the officer?
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Can flipping properties create unwelcome tax bill?
Personal TaxYou’re planning to purchase a cheap property, refurbish it and eventually sell it on for a hefty profit. You’ve been told that as long as you live in the property, the gain is tax free, is this correct?
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Employee home-to-work travel costs during rail strike
Business Tax, Personal TaxTo keep the impact of the recent London Underground strikes on your business to a minimum it offered to reimburse employees for the costs of travelling to work via other means. Does this create a taxable benefit in kind?