UK Tax Questions Answered by Shrewsbury Accountant No. 48
Regular readers of this Blog will be aware that in recent weeks I’ve been both analysing the government’s tax raising options, as well as making a number of practical alternatives for Rachel Reeves to run through her number cruncher and perhaps implement. So, with speculation running wild in the financial press as to how Rachel […]
UK Tax Questions Answered by Shrewsbury Accountant No. 41
As it has now been four months since I’ve posted a Blog on some of the more interesting and sometimes bizarre questions asked by clients and readers of the Blog, here’s today’s selection: Why can’t I claim my VAT back? Do I have to charge VAT on my yacht? Is my bra tax deductible? Is […]
UK Tax Questions Answered by Shrewsbury Accountant No. 40
Now that the dust has settled over this year’s Budget, I have had the opportunity to look deeper into the Chancellor’s Red Book (named after the traditional colour of its cover). This modest little tome, contains an analysis of the economy and a summary of the Budget tax measures, with a breakdown of the economic […]
Tax Accountant’s explains how he would fix Britain’s Tax Inequalities
With the Budget due next month, I’ve been thinking about the UK tax system. The more I looked, the clearer it became that the UK tax system treats certain taxpayers differently to others, which leads to unfairness in terms of the amount of tax paid on similar levels of income. So today I thought I’d […]
When is an invoice not a VAT invoice?
Recently, a client asked me an intriguing question as to why more and more suppliers are issuing invoices with “This is not a VAT invoice” marked clearly on the document. This gives rise to a series of questions, including what does this mean in terms of VAT, what is the benefit to the supplier of […]
UK Tax Questions Answered by Shrewsbury Accountant No. 37
As there hasn’t been a lot happening in the world of tax or at HMRC over the last couple of weeks, I thought you might find some of the recent questions asked by clients and readers of the Blog, of interest and hopefully of some help. This week’s selection: Can I claim for my loan […]
HMRC reasonable excuse update
As increasing numbers of individuals and businesses are incurring tax penalties, many due to Covid-related disruptions, I thought it appropriate to update you on what qualifies as a reasonable excuse and when it can apply following HMRC’s recent guidance update. Many of the penalties issued by HMRC can be mitigated where a taxpayer has a […]
UK Tax Questions Answered by Shrewsbury Accountant No. 35
Rather than my customary Blog on the recent Budget, I thought that I’d wait a few days until all the small print has been published, as to quote Ludwig Van Der Rohe ‘The devil is in the details’. So, as it’s been three months since I last posted a Blog on the many tax questions […]
UK Tax Questions Answered by Shrewsbury Accountant No.34
As it’s been three months since I last posted a Blog on the many questions asked by correspondents to our website and by existing clients, I thought it time to share with you a handful of the more interesting questions I’ve received in recent weeks, which I hope you will find interesting and informative. The […]
UK Tax Questions Answered by Shrewsbury Accountant No. 33
Now that Tax Return season is coming to an end, I’ve turned my attention to my growing inbox of questions. It has been a while since I’ve written a blog of this type, largely because of the impact of the Coronavirus, the plethora of mini-budgets and the suspension of many tax rules by Chancellor Rishi […]
