Trading income priority rules
There is specific tax legislation that seeks to determine which charge takes priority where two different charges could potentially apply to the same
A reminder of the ‘badges of trade’
The 'badges of trade' tests, whilst not conclusive, are used by HMRC to help determine whether an activity is a proper economic / business
When are scholarships taxable as benefits?
The holder of a scholarship is exempt from a charge to Income Tax on income from a scholarship when receiving full-time education at a university,
Taxation of miscellaneous income
There are special rules, known as the miscellaneous income sweep-up provisions, that seek to charge tax on certain income. This unusual provision,
Tax-Free childcare in the school holidays
As the school holidays fast approach, many parents face having to organise extra school holiday
How ISAs work
An ISA is a tax exempt savings account available to UK residents. Whilst the amount invested in an
Cashback schemes and tax
Statement of Practice 4/97 sets out HMRC’s views on the correct treatment for tax purposes of
What is overlap relief?
The assessment of self-employed or partnerships profits is usually relatively straight-forward if
Tax and lease premiums
Where a freeholder (or landlord) of a property grants a new lease to a new tenant there are
Seed Enterprise Investment Scheme
The SEIS provides for extensive Income Tax and Capital Gains Tax (CGT) breaks for investors and this