Business Advice Directory
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INVESTIGATIONS
Penalties for not reporting a tax liability
The First-tier Tribunal (FTT) recently had to decide if HMRC was right to issue tax assessments and penalties because a taxpayer had provided inadequate information about her income. What practical advice can be learned from the FTT’s ruling?
VAT
Leasing cars - what are the VAT pros and cons?
You’re considering leasing instead of purchasing cars for your business. This will improve cash flow and, according to the salesperson, allow you to reclaim VAT that you would not otherwise be entitled to. Are they correct?
LOANS
Make your mortgage interest tax deductible
A friend has told you that his accountant was able to get him tax relief for his home mortgage interest. As relief for this type of interest ended decades ago, how was it possible and might you be able to do the same?
WORKING TIME
What are the rules on working hours and rest breaks?
The Working Time Regulations 1998 set out rules limiting a worker’s working hours and providing for them to have rest breaks. What are your main obligations in relation to working hours and rest breaks under the legislation?
DISCIPLINARY PROCEEDINGS
Can you give a final written warning for a first offence?
Where you’re disciplining an employee for a first misconduct offence or managing their poor performance, it can be tempting to shorten the disciplinary or capability procedure by bypassing the first written warning stage. Is this lawful?
MAKING TAX DIGITAL
New guidance on penalties for volunteers
Making Tax Digital for Income Tax Self Assessment is still two years away, but some of your clients may have signed up early on a voluntary basis. HMRC has now published guidance regarding how these testers will be subject to penalties. What are the key points?
AUTO-ENROLMENT
Do clients have to operate pensions for seasonal staff?
According to The Pensions Regulator, some employers who take on seasonal or other temporary workers aren’t following the workplace pension rules correctly. If your clients are hiring short-term workers what steps should they be taking?
TRUSTS
Tribunal considers CGT relief claim by trustees
Business asset disposal relief (BADR) can be claimed by trustees as well as individual taxpayers. However, as with most trust-related tax matters, there are additional considerations. What did a recent Tribunal case consider in this area?
