by Oasis Accountants | Aug 3, 2023 | Newsletter
Claiming tax relief for employment expenses It is always a question of understanding when relief is available and, if it is, how the relief can be claimed. The General Rule Deduction is allowed from earnings for an expense if the employee is obliged to incur and pay...
by Oasis Accountants | Jul 29, 2023 | News
In its consultation document, HMRC explores data collection changes for potential taxpayer return pre-population. Additionally, it outlines possible reforms to obtain information from third parties under Sch 36, Finance Act 2008. ICAEW’s Tax Faculty responded...
by Oasis Accountants | Jul 28, 2023 | Newsletter
Paying dividends to close family members: Tax traps In a family company scenario, it can be tax-efficient to make salary and dividend payments to family members to utilise their unused allowances and lower-rate tax bands. However, when it comes to paying dividends,...
by Oasis Accountants | Jul 21, 2023 | Newsletter
Concept Of ATED Annual Tax on Enveloped Dwellings (ATED) is payable by companies owning residential properties valued at more than £500,000. ATED return needs to be filed if your property: Is a dwelling. Is in the UK. Valued more than £500,000. Is owned completely or...
by Oasis Accountants | Jul 19, 2023 | News
Navigating Tax Pitfalls: HMRC Targets Online Influencers Promoting Products on Social Media The rise of social media and digital platforms has opened up new opportunities for online influencers. However, it has also brought about tax implications that influencers need...
by Oasis Accountants | Jul 14, 2023 | Newsletter
VAT: An inspector calls! A business will have a visit from a VAT inspector for one of two reasons; a routine visit after selection by the HMRC computer based on the type of business and the level of turnover, or if the business has an unexpectedly large VAT repayment....
