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It is crucial to stay on top of key tax dates to keep your financial affairs in order. Here’s a friendly reminder of the important tax deadlines this year.
Discover the suggested reimbursement rates for employees’ private mileage using their company car.
Now is the perfect time to review your finances and make sure you’re making the most of available tax reliefs and allowances.
It is that time of year again for staff parties and annual functions, so it is important to make sure you record it properly.
If your business has suffered VAT on expenses incurred in another EU country, for example, overseas hotel and restaurant bills, then it is possible to
The next Finance Bill will include legislation to reduce significantly the taxable benefit on the provision of low CO2 emission cars from April 2020. From
Remember that from 6 April 2016, benefits are exempt from tax and NICs if all the following conditions are satisfied: • the cost of providing
HMRC have recently updated their toolkit dealing with the reporting of expenses and benefits provided to employees and directors in the light of significant recent
Last month we reported that the government had announced the delay of Making Tax Digital for Business (MTDfB) to 2020 at the earliest but that
Many companies are still missing out on valuable tax breaks for expenditure on research and development (R&D). Revenue and Customs (HMRC) have recently updated their
Up until 6 April last year, the distribution of cash to shareholders on the winding up of a trading company by a liquidator, was usually
The House of Commons Work and Pensions Committee has recently published a report calling on the Government to close the loopholes that allow “bogus” self-employment
Since 1 April 2016 there has been a 3% supplementary Stamp Duty Land Tax (SDLT) charge payable on the purchase of second and subsequent residential
In order for an expense to be deductible against business profits it must be incurred “wholly and exclusively” for the purposes of the trade. In
A recent VAT Tribunal had to decide whether two hairdressing businesses should be treated as a single business for the purposes of VAT registration. The
The Conservative Party Manifesto announcement and subsequent U-Turn on the requirement to pay for social care may have caused many voters to switch their allegiance
In today’s rapidly evolving business environment, innovation is key to the growth (and indeed, survival) of most firms. Many of us are constantly on the
If you ask a group of business people to define what they think business development is, you will probably get a few different answers. Some
SHOULD WE GIVE SHARES TO CHILDREN AND PAY £5,000 DIVIDENDS TAX FREE? The introduction of the £5,000 tax free dividend allowance has tempted many family
Ever since the introduction of the 7.5% increase in the rate of tax on dividends in April 2016, it has been more tax efficient for
Where an individual is resident in the UK, he or she is generally taxable on worldwide income and gains whether or not it is brought
Where credit card sales have been omitted from business takings, HMRC are encouraging taxpayers to come forward and make a disclosure of the income that
Note that where employers reimburse their employees 45p per mile for using their own cars they are able to reclaim input VAT based on the
The latest Finance Act has retained the 28% CGT rate for sales of residential property, whereas the general rate was reduced to 20% for higher
You can apply to HMRC for a VAT refund on building materials and services if you are building a new home, or converting a property