2004 - December
New trends are emerging in Corporation Tax enquiries undertaken by the Taxman. If you receive an enquiry letter, what treatment can you expect from him this time around?
Checking the Taxman’s calculation
You filed your personal tax return by the deadline and now the Taxman has sent you his calculation of the tax you owe based on your entries on that return. Should you accept that his calculation is right?
A director’s record is enough to…
There is a pitfall for small companies if making dividend payments to director shareholders involves using their loan accounts. How can you avoid this becoming a problem?
The Taxman is trying to stop businesses from claiming a tax deduction for website costs, arguing case law is on his side. However, we’ve found a way to prove him wrong. Read on…
The Chancellor delivered his latest Pre-Budget Report on December 2. Did it include anything to worry (or smile) about?
Shares in unquoted companies are notoriously difficult to value. But for Capital Gains Tax purposes you might need to put a price on them. In a recent case the Taxman lost out to the taxpayer’s arguments. What lessons can be learned?
You often read about changes in policy in the VATman’s own literature. However, when you try to take advantage of them your local VAT office doesn’t have a clue what you’re on about. What’s going on?
It can be tax efficient on some occasions to transfer an asset to a connected party for a nominal sum (e.g. £1). However, as you’d expect, the Taxman may query this. What’s your best defence against this?
If you need a driver this Christmas…
You’ve got a business function to go to but it looks as if you’ll have to take your company car. Could your company pay for a driver so that you don’t have to worry about drinking and driving?
Keeping an eye on turnover doesn’t just make sound business sense, it can also keep you out of trouble with the VATman. If you accidentally breach one of his limits is there anything you can do about it?
According to press reports, hundreds of thousands of taxpayers have had their records wiped clean by the Taxman. If true, how could this benefit you?
For the earlier years the tax is...
If the Taxman is able to demonstrate omissions from your accounts in one year, he has the authority to infer that there have been similar omissions in previous years. How can you limit these additions to your tax bill?
For the pensions deadline of January 31…
With the Tax credit system now in its second year there’s a new incentive to making additional pension contributions in the next couple of months. How could these two possibly be related? Read on…
This is probably the time of year when taking out an extra dividend would help with your personal cash flow. What’s the maximum dividend you can take out this year in light of the new rule/rate introduced by Gordon Brown? Your company