Documents for Business

In excess of 1,000 customisable documents covering every conceivable business issue.
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Election for entrepreneurs' relief to apply to QCBs

Election for entrepreneurs' relief to apply to QCBsWhen you sell a business the purchasing company might offer to pay you with loan notes. This is a loan arrangement but in the form of a security, i.e. like shares. The loan notes pay interest usually ... Read more
 
 

Purchase of own shares reporting letter

Purchase of own shares reporting letterRegardless of whether you have applied for advance clearance, where capital treatment has been applied to a share buy-back, you must report the transaction to HMRC.Reporting to HMRCOnce a share buy-back has take... Read more
 
 

Purchase of own shares clearance letter

Purchase of own shares clearance letterFor unquoted trading companies, the amount received by a shareholder on selling their shares back to the company may be treated as capital rather than as a distribution provided certain conditions are met. To pr... Read more
 
 

Capital allowances short-life asset election

Capital allowances short-life asset electionTax relief on the cost of equipment you buy for your business is spread over decades unless your purchases are covered by the annual investment allowance. The good news is you can accelerate this dra... Read more
 
 

Complaint letter

Complaint letterUltimately, the Adjudicator's Office handles all complaints about HMRC. However, the adjudicator will only examine a complaint if it has been through the proper levels of authority within HMRC first. It's the same letter but to differen... Read more
 
 

Appeal and postponement of direct tax

Appeal and postponement of direct taxThis standard letter can be used to make an appeal against any direct tax assessment, e.g. income tax, corporation tax, capital gains tax etc., but not VAT, customs or other duties.How to use itThe time limit for ... Read more
 
 

Letter to get a tax penalty reduced or suspended

Letter to get a tax penalty reduced or suspendedHMRC has the power to reduce a maximum tax penalty to take account of the nature and quality of any disclosure you have made about an "inaccuracy". How do you get this on the inspector's negotiating agenda... Read more
 
 

Alternative interest calculation method letter

Alternative interest calculation method letterWhere an employer provides a cheap rate or interest-free loan there's more than one way to work out the taxable benefit - the normal averaging method or the alternative precise method. You can elect to s... Read more
 
 

Changing interview notes

Changing interview notesIf you attend an enquiry interview, the tax inspector will make their own notes of what they "think" was said and use them against you if they can. They will probably try to get you to sign them as a true record of what came up ... Read more
 
 

Checklist for challenging an HMRC business economics exercise

Checklist for challenging an HMRC business economics exerciseIn the pursuit of tax collection targets there is now a much greater willingness by HMRC to displace the profits shown by your accounts with an estimate based on a simple business economics... Read more
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