Posted in Value Added Tax
There are special VAT rules that allow two or more corporate bodies to be treated as a single taxable person for VAT purposes known as a VAT group.
Advantages of group registration
The representative member accounts for any tax due on supplies
Continue readingPosted in HMRC Notices
There are special rules for the taxation of post-cessation receipts and post-cessation expenses. This article explains how, or if, post cessation expenses can be claimed.
In order to be an allowable post-cessation expense, the trade must have
Continue readingPosted in HMRC Notices
There are special rules for the taxation of post-cessation receipts, those received after a trade has ceased. The legislation clearly states that the person who receives or is entitled to the post-cessation receipt is the person who is subject to
Continue readingPosted in HMRC Notices
Most of our readers will be aware of the £1,000 property income allowance that came into effect on 6 April 2017. This allowance applies to income from property (including foreign property). If your annual gross property income is £1,000
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