Contents: July/August 2008
• Editorial - Moving SMEs abroad - I’ve written several times in recent months about British pubic companies relocating to countries with more favourable tax regimes. Could a smaller business achieve the same results?...more
• News - Good news for the self-employed - HM Revenue & Customs has started allowing self-employed workers to offset their mortgage interest and council tax against their annual income tax bill...more
• How to avoid IHT on pension death benefits - Many TSR readers will have accumulated tax-favoured pension savings or will be contemplating doing so in the future. One area which is often overlooked is the issue of tax on the payment of any lump sums that could be payable either before or after taking benefits. This article explains the main issues to watch out for and a couple of possible solutions....more
• Tax Tip of the Month - Beware IR35 - It's still alive and dangerous - The all-out war between the taxman and the one-man service company has been going on so long now that most people are getting a little blasé about it. But all of the weaponry devised by HM Revenue & Customs (HMRC) is still out there, ...more
• Have fun and save tax at the same time - There are very few hobbies that are absolutely free, and it would be nice, wouldn’t it, if we could somehow get tax relief for what we spend on our leisure time activities. That may just be possible in some cases, because there are a lot of situations where a hobby merges into a business activity....more
• IHT Column - Wipe out your IHT - at a single stroke - Although death is inevitable, inheritance tax (IHT), that ghoulish, macabre tax which counts days of survival and looks at a person’s whole life and assets at the point of death, is by no means something that one needs to view in the same fatalistic manner...more
• The Property Column - Avoiding the VAT traps on buying and selling property - VAT is a European tax. VAT is ruthlessly logical. The trouble is that perfect logic doesn’t necessarily mean that the system will be predictable or even comprehensible to anybody except the specialist....more
• The Business Column - Starting a new business - Everyone’s got to start somewhere, and if it weren’t for those intrepid entrepreneurs who are willing to face the many hurdles and barriers that life and government throw at new businesses our economy would soon take a nosedive...more
• Ask the Experts...more |