ICONOS FINALES-TRAZADOS

karen@barrys.biz

Self-assessment checklist

The tax return filing deadline is 31 January following the end of each tax year. Use our checklist to reduce the chances of making any errors.
Dividend checklist

When you want to pay a dividend, there are a number of considerations to take into account to ensure it is valid. Our checklist will help you to establish that your dividends are up to scratch.
Unincorporated business trading loss relief claim

If you’ve made a loss in your sole trade or partnership, you can claim relief for it against tax payable on your other income for that year or the year before. If any loss remains you can claim relief against your capital gains in the year of the loss or the previous year.
Dividend waiver

A dividend waiver is a document produced by a sharelder to show that they have given up (waived) their right to one or more dividends that they would otherwise be entitled to. A waiver can be used in income tax and inheritance tax planning but it must be made as a deed or HMRC will not accept its validity.
What HMRC is likely to ask

There’s a pretty standard set of questions that the inspector will ask at interview. These are mostly designed to undermine the records you’ve kept and so allow them to make a demand for tax on missing income/profits or over-claimed expenses. So how should you prepare for such an interview?
IHT gift from surplus income letter

There is an inheritance tax exemption for monetary gifts made out of your surplus income. To demonstrate that a gift has been made out of surplus income you should send a letter with each gift you make.

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