Category: Uncategorized

My client runs a catering business. A large part of their work is supplying lunches to local offices, either catering for special events or lunch orders for individual staff members. They have a few delivery drivers who work just delivering these lunch orders they produce so many, and they’re worried about keeping everyone working? To […]

My client has recently looked at an estate return for his father who died over 20 years ago, and he noticed that one of his father’s UK assets was missing from the return and inheritance tax should have been paid at the time, but no tax has been paid. Does my client still have to […]

My client Mike inherited cash and has been using it to make loans to various companies and unincorporated businesses. He’s managed some loans himself; others have been peer-to-peer (‘P2P’) loans managed by a P2P operator. This year, some borrowers have been affected by insolvency and Mike has asked what tax-relief he can have for the […]

Since Brexit we are still confused about the treatment of purchases of services from overseas suppliers. Common expenditure for our VAT registered clients includes software downloads, digital advertising space and online marketplace seller fees. Is there a difference between EU and non-EU purchases and what are the reporting requirements?    To read the full article […]

My client is an SME but has received a grant in relation to the labour costs involved in the project. We have allocated this to cover some of our subcontractor costs from an unconnected third party and so can we just claim 65% of this or is it blocked because its subsidised?   To read […]

My client is a builder who works mainly as a sub-contractor for other VAT and CIS registered building firms. They are registered for VAT on the flat rate scheme as they are predominantly labour-only. Due to the introduction of the domestic reverse charge for construction on 1 March 2021, I am concerned that my client […]

My client has sold her house to a close friend who is apparently willing for my client to remain in the property for as long she wants rent-free. The friend is a wealthy individual who is resident overseas. I am concerned whether there may be a Gift with Reservation for Inheritance Tax purposes.   To […]

Two of my personal tax clients have come to me querying the implications of disposing part of their respective cryptocurrency holdings. Client A has accumulated a large wallet of bitcoin from various purchases made over the last 6 years. Client B has earned some cryptocurrency from mining, they also stored a part of their cryptocurrency […]

I have been advised by my dealership and accountant that I can reclaim VAT on the purchase of a new electric car.  Is this correct as this would be a major consideration in the decision to purchase?   To read the full article – CLICK HERE

My client is in Northern Ireland and is building his own house.  He sourced his kitchen equipment in the Republic of Ireland and because he is a private individual, not VAT registered, has been charged Irish VAT. We did question whether the supplier should be charging UK VAT under the distance selling rules but were […]