What is a Directors Loan? HMRC defines a director’s loan as when you (or other close family members) get money from your company that is not: a salary, dividend or …
The Government’s Independent Tax Advisor recommends a reduction in seven-year gifting rule
The Chancellor requested a review of inheritance tax, which resulted in recommendations for its simplification. The report by the Office of Tax Simplification (OTS) resulted in 11 recommendations, including: Reduce …
PAYE, what you need to know
View PostCompany Car Tax Guide
Are you thinking of investing in a company car, or want to know what you can claim as travel expenses? Our handy guide will give you all you need to …
New British Chamber of Commerce Research suggests UK tax system is ‘fundamentally unfair’
A new research report by the British Chambers of Commerce (BCC) has found that UK businesses feel that the UK tax system is ‘fundamentally unfair’ and that firms want more …
Client due a £10,000 VAT refund after inspector writes his report easily due to how ‘well the records were kept’
View PostMaking Tax Digital Takes 7 Days – Are You Ready?
With only days until Making Tax Digital for VAT (MTD for VAT) comes into effect on 1 April, HMRC has issued a notice to UK businesses that they need to allow …
Spring Statement Summary – what you need to know
From Making Tax Digital and changes to entrepreneurs relief to considering capital allowances. We have a handy summary of everything you need to know about the Spring Statement. Amid economic …
Reviewing the changes to capital allowances
In Autumn Budget in 2018, Chancellor Philip Hammond announced changes to capital allowances, including a new one called, the Structures and Buildings Allowance (SBA). Here’s what we know about these …
Team strengthened to provide cost-effective solutions as small businesses see cost hike
According to the latest research, small businesses in the UK are spending 15% more than in 2011 on tax and costs relating to employment. Compliance with government initiatives costs small …
