Date posted: 24th Nov 2022
As we head towards the festive period, a lot of people may focus on completing their tax returns over the festive period or gathering information to complete this…
Date posted: 7th Nov 2022
Where a person has a property portfolio, they may consider giving away one or more of their investment properties during their lifetime to reduce the inheritance tax payable…
Date posted: 7th Nov 2022
The VAT rules are clear – input tax cannot be claimed on the purchase of a new or used car that is made available for any private use….
Date posted: 7th Nov 2022
Employers can pay employees a mileage allowance if they use their own car for business journeys. The Government have recently cleared up confusion as to what can be…
Date posted: 4th Nov 2022
Many owner-managed businesses will pay dividends as a form of remuneration to director-shareholders, as this can be tax efficient (although there are instances where it is not!). However,…
Date posted: 4th Nov 2022
As interest rates continue to increase to levels not seen since 2008, there may be a potential knock on tax impact for those with savings. In 2008, the…
Date posted: 4th Nov 2022
If you have received a letter from your employer’s pension company advising that your pension contributions are in excess of the standard pension annual allowance of £40,000, it…
Date posted: 11th Oct 2022
HMRC are reminding businesses that as of 1 November 2022, they will be unable to access the HMRC VAT online account to submit monthly or quarterly VAT returns….
Date posted: 10th Oct 2022
Very recently, HMRC issued statistics in relation to the R&D claims made in the 2020/21 financial year. The provisional statistics show a decrease in both the number of…
Date posted: 10th Oct 2022
A business must register for VAT if the VATable turnover for the last 12 months exceeded the VAT registration threshold of £85,000, or if it is expected that…
