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working from home tax relief
25/01/22

Working From Home Tax Relief

FREQUENTLY ASKED BUSINESS QUESTION I am a recently qualified chartered surveyor working for a large construction company and since March 2020 I have been working from home more or less full time. Can you explain what

Option to tax
18/01/22

Revoking an Option to Tax on Property

FREQUENTLY ASKED BUSINESS QUESTION I purchased a commercial property in 1990. As the seller was charging me VAT, I had to opt to tax the property to recover the VAT. I have leased the property out

Making Tax Digital
11/01/22

Making Tax Digital | 2022 Update

FREQUENTLY ASKED BUSINESS QUESTION I have a small business and am wondering what my New Year’s business resolution should be? TAX TIP If you have a small business with a turnover of less than £85,000 then

Discretionary Trust
23/11/21

Discretionary Trust and Tax Implications of Financial Gifts

FREQUENTLY ASKED BUSINESS QUESTION I am considering making a substantial financial gift to my children and also setting up a discretionary trust for their future benefit. Are there any tax matters that I should be wary

Steel Import Duty
23/11/21

Steel Import Duty & Safeguarding Duty

Background In 2018, the United States imposed a quota on Rest of World (RoW) steel, making exporting to the US less attractive, thereby supporting the competitiveness of their own industry. The EU subsequently published a safeguarding

UK Autumn Budget
03/11/21

Autumn Budget | Your Questions, Answered

FREQUENTLY ASKED BUSINESS QUESTION What were the main tax measures introduced by Chancellor Rishi Sunak in last week’s Autumn Budget? TAX TIP Last week’s Autumn Budget tinkered at the edges of the UK tax regime with

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PKF-FPM Accountants Limited and PKF-FPM Accountants (Ireland) Limited are part of the PKF-FPM Group, branded PKF-FPM which is regulated by Chartered Accountants Ireland. PKF-FPM is a member firm of PKF International Limited.

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