Posted 15/11/2016 In Blog 2016-11-152018-09-05https://www.wrightvigar.co.uk/wp-content/uploads/2017/01/wright-vigar-logo.pngWright Vigarhttps://www.wrightvigar.co.uk/wp-content/uploads/2017/01/wright-vigar-logo.png200px200px 0 0 Welcome to November’s Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman. If you need further assistance just let us know. Restriction of tax relief on finance costs for individual landlords NMW increases take effect Help-to-save Self-assessment and disclosure November Questions and Answers Q. I have recently set up my own business after having been employed for many years. Although I am hopeful that I will eventually make a profit, I anticipate that I am likely to make a small loss in each of my first three years of trading. What is the best way for me to utilise these losses for tax purposes? Q. My wife and I are both directors of a company and we are soon to relocate to another part of the country to set up a new branch. The existing branch will continue to be run by the two other company directors. Will we both be entitled to the £8,000 relocation expense exemption? Q. I use the Flat Rate Scheme for VAT purposes. Can I claim back the VAT I have recently paid on some new equipment I have bought for the business? November Key Tax Dates Recent PostsBeware of VAT Bank Details Fraud: Protect Your BusinessBe aware of tax obligations when investing in cryptoassetsRe-registration Required for High-Income Earners Receiving Child Benefit