Tax articles

Our new Dixcart Discuss series will provide short, commercially relevant video summaries of key issues relating to Covid-19. If there are any topics you would like us to cover or you have specific questions regarding some of the topics in our Dixcart Discuss videos, please get in touch: help@dixcartuk.com. Accounts and Services Manager, Tara Lister, understands businesses are […]

A few businesses will be thriving during the Coronavirus pandemic, as turnover is driven to them, but most will be experiencing a reduction in business and wondering how they will survive. This article is for them as it outlines the action to be taken by business to survive the coronavirus crisis. The overriding principal, in […]

Exporting and Importing Goods to or from the EU Although Brexit negotiations are still ongoing and the final formal Brexit deal has not yet been agreed, there are still some known changes that are happening and for which the Government has issued guidance. If you are exporting or importing goods to the EU then time […]

Covid-19 has undoubtedly affected every business and despite the Job Retention Scheme and the new Job Support Scheme, many businesses will be forced to cut salaries and make redundancies. Using Share Schemes to motivate employees is a great, tax efficient alternative. Using Share Schemes to Motivate Employees Even when the outlook improves, it may not […]

With the cancellation of the Autumn Budget all eyes were on the Chancellor to see what measures he would announce to help businesses through the winter. In his speech on Thursday 24 September, Rishi Sunak outlined a Winter Economy Plan, announcing five broad areas to help businesses through the winter: a new job support scheme, […]

Dixcart has prepared a summary of the assistance that the government has made available to businesses at this challenging time. It is split into several categories to make it as easy as possible to follow. We are keeping this summary up to date detailing the current assistance available and removing the sections that no longer […]

The issue of underwater share options arises each time there is a downturn in the market. The term is used when an option is ‘out of the money’: the agreed price at which an employee can acquire shares under an employee share scheme is lower than the current market value of the shares. Where this […]

Many family companies have been impacted by the Coronavirus pandemic with demand for their services reducing substantially. These companies may have a healthy bank balance representing accumulated profits although there may be a fear that, if the recovery is long and drawn out, these reserves will be depleted.   What would the tax position be […]

The current Coronavirus Pandemic may have caused many business owners to consider the often-difficult topic of exit and succession planning.  This frequently gives rise to a number of practical issues, especially where a trade sale is not likely, or the existing management team are perhaps not in a position to be able to raise sufficient […]

Fee Protection Insurance protects businesses and their advisers against an increasing number of HMRC enquiries. Every year HMRC carries out enquiries into the tax affairs of an increasing number of individuals and businesses in the UK. Fee Protection Insurance protects businesses and their advisers, and provides peace of mind, should you find yourself subject to […]

One perhaps unforeseen consequence of the current Covid-19 is that non-UK residents may be unable to leave the UK and therefore exceed their days spent in the UK. We have been asked by a number of clients and their advisors to clarify the position for individuals who may be affected. Tax Residence You may be […]

Background  Although the UK is no longer a member of the EU, a transition period is currently in place until at least 31 December 2020. During this period, most EU laws including EU free movement rules, continue to apply in the UK. It remains to be seen how negotiations between the UK and the EU […]

The new Chancellor delivered his first Budget on 11 March 2020 against a backdrop of uncertainty over Coronavirus and Brexit. Large scale spending was announced, to be funded by increased borrowing. We summarise below some of the key tax measures. Please see more Information here:

Post Brexit Implications The 31 of January 2020 has come and gone and we have now officially left the EU and find ourselves in a limbo called the “transition period”. Whether for or against Brexit we now need to look to the future and plan as best we can for what is to come. VAT […]

They say ‘nothing is certain but death and taxes’ and as the end of one tax year approaches the inevitability of the next one begins. To try an ensure that you make the most of the few opportunities that exist to maximise your reliefs, allowances or exemptions we have set out below some tips that […]

With effect from 6th April 2020, the payment and administration of capital gains tax (CGT) is changing. Where CGT is due on a residential property disposal a return will need to be filed, within 30 days of conveyancing. The notional CGT due will also be payable within 30 days. This applies to everyone, both UK and non-UK […]