HMRC have issued a number of ‘taxpayer toolkits’ which are designed to be used by advisers to help them make sure their clients get their tax right. The informed client should also find them helpful. The toolkits highlight common errors using a checklist which will help in dealing with problematic areas.
Current and pending toolkits include:
Personal Tax
- Inheritance Tax
- CGT for trusts and estates
- Personal and private expenditure
- CGT on land and buildings
Business tax
- Marginal small companies’ relief
- Capital v revenue
- Dealing with losses
- VAT input tax
- Directors’ loan accounts
- Capital allowances on plant and machinery
- Benefits from employment