Newsletters
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Low-key Budget brings pension tax reform
The 2023 Spring Budget was expected to be relatively quiet on tax measures, and this was largely the case. However, there were still some announcements to take note of. What were the highlights?
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Maximise tax relief for bad debts
Your company’s financial year ends shortly and the management accounts show a higher than usual number of bad debts. However, HMRC’s rules won’t allow tax relief for all of them. What steps can you take to improve the situation?
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Input tax recovery: key conditions
You might think that you can always claim input tax if a purchase invoice relates to your business, and you have paid the supplier who has charged you VAT. But this is not always the case. What other issues must you consider to avoid VAT problems?
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Off-the-shelf IHT solutions: pros and cons
You are considering investing in an off-the-shelf scheme to reduce the potential inheritance tax (IHT) bill on your estate. While such schemes can be effective they are expensive. What factors should you consider before investing?
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Slash your company’s corporation tax rate with pensions
The main corporation tax (CT) rate increases to 25% in April 2023. But how might your company use the higher rates to its advantage by paying extra pension contributions for its directors?
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Avoiding the child benefit trap
You recently received a bonus that will take your income over £50,000 for this tax year and so trigger the high income child benefit charge (HICBC). What steps can you take to reduce it?
Muir & Addy is a partnership registered to carry out audit work by the Institute of Chartered Accountants in Ireland (ICAI). Chartered Accountants Ireland is the operating name of ICAI.
Details of our audit registration can be viewed at www.auditregister.org.uk, under reference number 223287.
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