Tax Documents
Professionally drafted, regularly updated documents each with its own "how to use" introduction

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Recently added or updated Tax Documents

Transactions in securities clearance letter
 Income and corporation tax anti-avoidance rules apply to a wide range of transactions involving shares or securities in companies. To provide certainty over whether HMRC will consider that a transaction is caught by the anti-avoidance rules, you can apply to it for advance clearance.  ANTI-AVOIDANCE... Read more
DOWNLOAD December 2019
Type: Letter
Spouse's job description
A business can pay a salary to the spouse or other family member of its owner if they work for it. Having a formal job description will help justify the amount paid if HMRC decides to challenge it.spouse's payThe wages paid to a spouse will be tax deductible for the business if HMRC is happy that they... Read more
DOWNLOAD November 2019
Type: Miscellaneous
Non-audit engagement letter
When you provide accounting and/or taxation services to clients, best practice dictates that you should issue them with an engagement letter to set out your mutual rights and responsibilities.EngagementThe engagement letter (EL) forms the contract for services that you are to provide. In it you should... Read more
DOWNLOAD November 2019
Type: Agreement
VAT reduced rate evidence log
Where you provide construction services relating to buildings, you may be able to charge the 5% reduced VAT rate if you can prove the property meets the necessary conditions.Reduced rateThe reduced VAT rate applies to various types of work on residential accommodation including renovation of a property... Read more
DOWNLOAD November 2019
Type: Form
Transfer of a going concern checklist
If you're VAT registered the default position when selling a business is that you must add VAT to the selling price. However, this won't be the case if the business is being sold as a going concern.Selling a businessSales of assets will be exempt from VAT as a transfer of a going concern (TOGC) if certain... Read more
DOWNLOAD October 2019
Type: Checklist

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Non-audit engagement letter
When you provide accounting and/or taxation services to clients, best practice dictates that you should issue them with an engagement letter to set out your mutual rights and responsibilities.EngagementThe engagement letter (EL) forms the contract for services that you are to provide. In it you should... Read more
DOWNLOAD November 2019
Type: Agreement
Entrepreneurs' relief checklist
When you sell or transfer all or part of your business you might be entitled to claim entrepreneurs' relief in respect of any capital gain you make. This means that the maximum rate of tax that will apply will be 10%. However, to qualify there are conditions that you and your business must meet.When... Read more
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Type: Checklist
CGT EIS deferral relief claim
 Investing in enterprise investment scheme (EIS) shares gives you an opportunity to defer capital gains tax (CGT) that would otherwise be payable.claiming reliefEIS deferral relief, sometimes referred to as EIS reinvestment relief, can be used to delay and ultimately (sometimes) reduce a CGT bill... Read more
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Type: Letter
CGT unpaid proceeds claim
If you sell an asset and the buyer fails to pay all or part of the proceeds, and you are unable to recover them, you can claim a reduction for the amount of gain chargeable to tax. Consideration payable after saleWhere you sell an asset and agree with the buyer that payment can be made by instalments,... Read more
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Type: Letter
Unincorporated business trading loss relief claim
If you've made a loss in your sole trade or partnership, you can claim relief for it against tax payable on your other income for that year or the year before. If any loss remains you can claim relief against your capital gains in the year of the loss or the previous year.Trading lossesYou can't offset... Read more
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Type: Letter
Holdover relief claim
When you give away an asset for no consideration, or knowingly sell it for less than it's worth, you will be charged capital gains tax based on the market value. However, you might be able to make a claim to hold this gain over depending on exactly what the asset is.When is relief available?There are... Read more
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Type: Letter
CGT rollover relief claim
When you've sold an asset that was used in your business, and this results in a capital gain, it's possible to defer or even avoid tax on this by claiming rollover relief. Selling a business assetCapital gains tax (CGT) applies to profit you make when you sell a business asset. If this results in a... Read more
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Type: Letter