Changes to Structures and Buildings Allowance20190730040000

Changes to Structures and Buildings Allowance

July 30, 2019
The new structures and buildings allowance (SBA) allows for tax relief on qualifying capital expenditure on new non-residential structures and buildin...
Treatment of fees for nominee directors20190722040000

Treatment of fees for nominee directors

July 22, 2019
A nominee director is someone who acts as a non-executive director on the board of a company. This person is normally appointed to act on behalf of an...
Research and Development tax reliefs20190722040000

Research and Development tax reliefs

July 22, 2019
There are two schemes for claiming relief for R&D expenditure. The schemes are known as the Small or Medium-sized Enterprise (SME) Scheme for smal...
Corporate Capital Loss Restriction20190717040000

Corporate Capital Loss Restriction

July 17, 2019
Under current rules up to 100% of chargeable gains can be set against carried-forward capital losses. For accounting periods ending on or after 1 Apri...
Loss buying restrictions20190710040000

Loss buying restrictions

July 10, 2019
Under qualifying circumstances, Corporation Tax (CT) relief is available where your company makes a trading loss. The trading loss can be used by offs...
Non-resident company liability to Corporation Tax20190604230000

Non-resident company liability to Corporation Tax

June 4, 2019
Under the current rules non-resident companies with a trading business in the UK are liable to pay UK Corporation Tax on their profits made through a ...
Company Unique Taxpayer References20190528230000

Company Unique Taxpayer References

May 28, 2019
The Company Unique Taxpayer References (UTR) is the primary identifier for the company and should be used whenever HMRC is contacted and when tax retu...
Pre-trading expenses for a rental business20190520230000

Pre-trading expenses for a rental business

May 20, 2019
There are special rules for the pre-trading expenses of a rental business. If the expenses were in relation to a letting, then a deduction may be allo...
Companies eligible for Group Relief20190520230000

Companies eligible for Group Relief

May 20, 2019
Corporation Tax relief may be available when a company or organisation makes a trading loss. Companies that are eligible for Group Relief can transfer...
Dealing with property income losses20190423230000

Dealing with property income losses

April 23, 2019
Where a property business makes a loss, the loss can usually be carried forward and set against future rental business profits. HMRC’s guidance...