From an Income Tax perspective, an interest in possession trust is one where the beneficiary of a trust has an immediate and automatic right to the […]

You may qualify to pay Inheritance Tax at a reduced rate of 36% if you leave at least 10% of your net estate to charity. Use this […]

As an employer, if you provide company cars or fuel for your employees’ private use, you’ll need to work out the taxable value so you can […]

Overview You usually submit a VAT Return to HM Revenue and Customs (HMRC) every 3 months. This period of time is known as your ‘accounting period.’ The VAT Return records […]

Overview You must keep records of your business income and expenses for your tax return if you’re self-employed as a: sole trader partner in a business partnership You’ll also need […]

What you pay it on You may have to pay Capital Gains Tax if you make a profit (‘gain’) when you sell (or ‘dispose of’) all […]

You may be able to delay paying Capital Gains Tax if you: sell (or ‘dispose of’) some business assets use all or part of the proceeds to buy […]