Tool |
What does it do? |
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Starting in business/remuneration planning |
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| Self Employment Calc | Calculate how much Income Tax, Class 2 and Class 4 National Insurance you will pay as a sole trader (up to 2024/25). | ||
| Calculate and compares the amount of Income Tax and National Insurance payable on a salary with Income Tax & Corporation Tax paid on a dividend up to 2024/25. | |||
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A mad calculator! Calculate Income Tax, National Insurance and Corporation Tax payable on a range of salary sizes, plus dividend combination and then compare that to the Income Tax & Corporation Tax paid on a dividend. This works through different Corporation tax rates for all size companies and adjusts for associated companies up to 2024/25 (beta testing 2024/25) |
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Useful tools stuff for tax |
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| Adjusted net income | An 'Adjusted Net Income' calculation is required if you are a higher rate taxpayer and you contribute to a pension or you or your partner receive Child Benefit. | ||
| Day Counter | Work out the difference in days between two dates (handy for PRR and other reliefs and claims) | ||
Capital Gains Tax reliefs |
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| BADR Sole Trader | Capital Gains Tax (CGT): this tool checks the Business Asset Disposal Relief qualifying conditions for the disposal of the whole or part of a business, or assets used by the business when it ceases...Buy now/learn more | ||
| BADR Shares from 6/4/2019 | CGT: checks whether you meet the qualifying conditions to claim Business Asset Disposal Relief on the disposal of your shares in a private company.There are two versions of this tool: one for disposals on or after 6/4/2019, and one for disposals made in earlier tax years...Buy now/learn more | ||
| Purchase of own shares (POS) | Company purchase of own shares, use this tool to work out the results of the substantial reduction & connections tests for full purchase or phased buy-back....Buy now/learn more | ||
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Check for CGT or Income Tax treatment: will you trigger the Targeted Anti-Avoidance Rule (TAAR) on a distribution made in respect of shares on winding up a company?...Buy now/learn more Risk assess your likelihood of having a tax avoidance motive! |
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Stamp Duty Land Tax (SDLT) & Annual Tax on Enveloped Dwellings (ATED) |
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| SDLT MDR Annex Tool | How to calculate Stamp Duty Land Tax (SDLT) if you are buying two or more properties in a single transaction: use this tool to see if you meet the qualifying conditions and you may be able to claim both Multiple Dwellings Relief and relief from the Higher Rate Charge | ||
| Annual Tax on Enveloped Dwellings ATED |
Do I need to file an ATED return? |
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VAT |
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| VAT calc | Calculates VAT on a net price, or VAT from a gross (VAT inclusive) price | ||
| VAT penalty checker | When does the new (points based) late filing and Penalty system apply to you?. | ||
| VAT MTD start checker | When did a VAT registered business have to join MTD for VAT? | ||
Special guides and zones
Research & Development reliefs |
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| R & D Zone* |
R&D Zone provides the tools to help you work through and make your own R&D claim directly with HMRC. The annual cost of the R&D Zone is £350+VAT. If DIY is not your thing, why not sub-contract the problem (it will be financially advantageous) via the Virtual Tax Partner support service at discounted rates. |
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Companies &Shareholders: Reorganisations, Reconstructions and Buy-Ins/Outs |
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| Reorganisations |
These tools help company owners to resolve difficult company problems and then provide worked-through case studies, with step-by-step analysis and tax clearance templates. These cover 7 different company reorganisation situations:
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Creative Industries Zone |
Coming Soon! |
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All tools without a * are FREE to subscribers of the rossmartin.co.uk webservice. The R&D Zone is an optional extra to subscribers.
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