Tax and Business
Models (673)
Example of an opt-in for direct marketingWhen you're first collecting someone's personal data, find out what they are prepared to allow you to do with it. Postal marketingThe General Data Protection Regulation (GDPR) specifically says that direct m... Read more
22 Mar 2018
Preference shares wordingPreference shares provide a way of giving certain shareholders a share of the company's profits. Our model sets out sample wording that can be added to your articles setting out the most common preference share rights.What are... Read more
13 Mar 2018
Master share wordingMaster shares are useful if one key shareholder needs to retain control of particular decisions. Our model sets out sample wording that can be added to your articles for this type of share.What is a master share?The rights of part... Read more
13 Mar 2018
letter turning down an interviewThere is no statutory obligation to attend an interview with HMRC. If HMRC requests a meeting, but you're satisfied that there's no advantage to having one at this stage of the enquiry, you can write, declining a meeting... Read more
13 Mar 2018
Glossary - sharesAllotment or issue? Called-up or paid-up? Shares terminology can be a bit of a minefield. Our glossary provides a quick reference to help interpret the documentation.Terminology trialsYou might come across some of the terms in our gl... Read more
13 Mar 2018
Claim to pay capital gains tax in instalments For individuals, capital gains tax is payable by 31 January following the end of the tax year in which the gain occurred. Usually you'll have enough money from the transaction to pay the tax. However, proc... Read more
13 Mar 2018
Reasonable excuse letterHMRC has a wide range of penalties available to it. Many of these can be reduced while others can be removed completely where you have a reasonable excuse for the action which gave rise to the penalty. Having a reasonable excu... Read more
13 Mar 2018
CGT unpaid proceeds claim If you sell an asset and the buyer fails to pay all or part of the proceeds, and you are unable to recover them, you can claim a reduction for the amount of gain chargeable to tax. Consideration payable after saleWhere you s... Read more
07 Mar 2018
Election for foreign lossesIf you are non-UK domiciled but tax resident here, you can claim the remittance basis of assessment for your foreign income and gains. Where you make a capital gains tax (CGT) loss on foreign assets you can obtain relief ag... Read more
07 Mar 2018
Election for rent-a-room relief alternative basis If income from property does not qualify for rent-a-room relief only because it exceeds the maximum amount permitted, an election can be made to deduct the maximum amount from the income instead of th... Read more
06 Mar 2018
