01665710547 info@nickalls.co.uk

News

Who can use the VAT retail schemes?

VAT retail schemes are a special set of schemes used by retail businesses to account for VAT. The schemes are ...
Read More

Apportionment and duality

When deciding whether an expense is allowed or disallowed it is important to consider that the expenditure must be incurred ...
Read More

Bed and breakfast – the same day rule

Historically, the term bed and breakfasting (sale and repurchase) of shares referred to transactions where shares were sold and then ...
Read More

Changing a company accounting date

Source: Companies House Wed, 09 Jun 2021 00:00:00 +0100 ...
Read More

Private residence relief

There is usually no Capital Gains Tax (CGT) to be paid when you sell your main family residence (referred to ...
Read More

Tax when you sell a business property

There are various methods at your disposal to reduce or delay the amount of Capital Gains Tax (CGT) when you ...
Read More

Pre-trading expenditure

There are special tax reliefs for pre-trading expenses that are incurred before a business starts trading. These could include expenses ...
Read More

Cash basis for landlords

The cash basis scheme helps sole traders and other unincorporated businesses benefit from a simpler way of managing their financial ...
Read More

What is distance selling for VAT purposes?

Distance selling is the term used to describe supplies of delivered goods from one EU Member State to a customer ...
Read More

Tax when you sell an asset

There are special rules that must be followed when you sell an asset on which capital allowances have been claimed ...
Read More

The 7-year rule

Most gifts made during a person’s lifetime are not subject to Inheritance Tax at the time of the gift. These ...
Read More

Temporary trade credit insurance scheme to end

Trade credit insurance is a contract bought by suppliers to make sure they get paid even if their customers default ...
Read More