Documents for Business

In excess of 1,000 customisable documents covering every conceivable business issue.
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Farmers' averaging election

If you carry on a farming or market gardening business, you can elect to average your profits over either two or five years. Farming Businesses that depend on a successful harvest are notoriously volatile in terms of profits. One bad crop can mean lo... Read more

Claim for relief for damaged asset

Capital gains tax may be payable on capital sums which derive from assets. For example, compensation payable to you for damage to an asset. However, if you use the amount received to repair or restore the asset, you might be entitled to defer the tax... Read more

Intro_Farmers' averaging election

FARMERS' AVERAGING ELECTION HMRC (insert address) (insert date) Dear Sirs (insert your name) (insert unique taxpayer reference) I am writing to make an election to average my farming profits over [two] [five] years (delete as appropriate). After ... Read more

Intangible assets rollover relief claim

Intangible asset rollover relief claim If your company sells a chargeable intangible fixed asset, it can give rise to a gain which is subject to corporation tax. The gain cannot be deferred by purchasing tangible assets. However, if further intangibl... Read more

Letter notifying reduction of EIS relief

Letter notifying EIS relief clawback event If you make a qualifying investment under the enterprise investment scheme (EIS), there are a number of things that can happen during the minimum holding period that lead to relief being reduced or fully wit... Read more

Recovering the debt

Recovering the debt If it's time to go down the formal legal route, use this checklist to help weigh up your options and explain what's involved in attempting to recover your money.... Read more

Pay in lieu of notice clause

Pay in lieu of notice clause In the absence of an express payment in lieu of notice clause, you don't have the contractual right to terminate employment summarily upon making such a payment. This doesn't mean you can't do it, but you do need to weigh up... Read more

Option for special method of cost apportionment

If you sell a piece of land which is part of a larger estate, a little known concession could save you some tax. General rule The general rule for any part disposal of an asset is that the amount of the original cost attributable to the part sold is ... Read more

Director's service agreement

Director's service agreement Any director who is also an employee of the company should always be given a service contract. As well as ensuring there are no arguments over their status it should also minimise the possibility of any other misunderstand... Read more
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