The short answer to this question is a resounding “no”, but as always with tax, there are exceptions.
Obviously, if you are in business and not VAT registered, you cannot reclaim the VAT added…
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Sep 24, 2019
The short answer to this question is a resounding “no”, but as always with tax, there are exceptions.
Obviously, if you are in business and not VAT registered, you cannot reclaim the VAT added…
Sep 19, 2019
A reminder that you can avoid the hefty car fuel benefit charge if you drive a company car and your employer pays for your private fuel.
One way to achieve this is to repay your company for…
Sep 19, 2019
If you own a small limited company your shares entitle you to draw a return on your shareholding – in common parlance these returns are called dividends.
A company can only pay dividends if…
Sep 16, 2019
There is nothing more intriguing that the notion we may be due untold riches from undisclosed sources. For example, do you have any premium bonds, and did you notify the registrar the last time you…
Sep 10, 2019
December is probably the second most popular trading year end for businesses; the most popular being the 31 March.
Your end of year planning should include a review of your results – prior to…
Sep 05, 2019
Just one month to go until the so-called “Domestic Reverse Charge” will apply to VAT registered traders who are also registered to use the Construction Industry Scheme.
There has been an awful…
Sep 03, 2019
The Institute of Chartered Accountants in England and Wales (ICAEW) has urged the government to simplify the complexities of accessing apprenticeship funding.
The Apprenticeship Levy took…
Sep 03, 2019
In order to try and ensure that businesses are ready to trade post-Brexit, HMRC is automatically enrolling them in the customs system.
HMRC has confirmed that more than 88,000 VAT-registered…
Sep 03, 2019
In the latest Trusts and Estates Newsletter HMRC has confirmed the continuation of the interim arrangement for interest reporting.
In 2016 the requirement for payers to deduct tax at source…
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