by Neil Da Costa | Jul 26, 2023 | Uncategorized
One important area which is due to come up in the Advanced Tax in September or December 2023 exam is advising a company on setting up either an overseas branch or an overseas subsidiary. The branch would be an extension of the UK company and its profits would be...
by Neil Da Costa | Jul 25, 2023 | Uncategorized
The tax-free amounts for investment income are very popular areas in all the tax exams including both Tax Advanced Tax. With regard to saving income (interest received) the nil rate band is dependent on the rate of tax the individual pays. Basic rate taxpayers who pay...
by Neil Da Costa | Jul 24, 2023 | Uncategorized
In 2016 I taught Kap Advanced Tax and I immediately realised that he was an intelligent hard-working student. He liked my no-nonsense approach, and he liked my philosophy of learning the key principles and practising exam questions. It came as no surprise to me...
by Neil Da Costa | Jul 24, 2023 | Uncategorized
VAT Deregistration is a popular area in the Advanced Tax exam. A VAT registered business can deregister voluntarily if the business expects taxable supplies (standard and zero-rated sales) in the next 12 months to be less than £83,000. Deregistration will take effect...
by Neil Da Costa | Jul 22, 2023 | Uncategorized
Sole trader trading losses are a popular area in the Tax and Advanced Tax exams. The trading loss must first be offset against total income in either the current tax year and the previous tax year. The claim is an all or nothing relief and cannot be restricted to...
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