If you purchase goods or services that are used by more than one of your business ventures, which of these is entitled to reclaim the VAT? And can one business pass the costs to another without triggering a VAT charge?
If you purchase goods or services that are used by more than one of your business ventures, which of these is entitled to reclaim the VAT? And can one business pass the costs to another without triggering a VAT charge?
Late filing penalties for RTI are not on the agenda for now, but this year’s Finance Act 2013 will change that. When will penalties take effect and what steps can you implement to avoid them?
Protecting your income with insurance can be expensive. You could get your company to pay, but this triggers a tax bill either on the cost of the premium or instead when the policy pays out. Can you legitimately avoid both…
The government says it wants to expand a new childcare tax credit scheme to include parents who stay at home because they are full-time carers.
The Child Benefit tax has received a lot of press. But there’s one aspect that’s received little attention, namely the interplay with NI credits and the effect disclaiming Child Benefit can have on your state pension entitlement. What’s the full…
CORPORATION TAX One of our client wanted to put his teenage son on the company payroll to help him with his finances, but was worried what HMRC would say about this. Can his company claim a tax deduction for his…
In December the Chancellor confirmed changes to the personal tax and NI limits for 2013/14. In view of this at what level should you set your salary (and dividends) for maximum tax efficiency?
The amount of money being lent to UK homebuyers fell last month, according to figures from the Council of Mortgage Lenders (CML).
UK unemployment fell in the three months to December, while the number of people in work jumped to a new record.