The ‘Naughty’ List!
Taxpayers might be forgiven for considering that HM Revenue and Customs (HMRC) has more than enough powers to tackle taxpayers over what it regards as
The ‘Naughty’ List! Read More »
News
Business Strategies: Transferring Shares to Family Members
The transfer of shares may be for various reasons – usually when the owner decides to retire, or at least reduce their involvement in the
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Asset Disposals: Which Expenses can be Offset for CGT Purposes?
Capital gains tax is based on the gain on the disposal of a chargeable asset, which itself is a reasonably simple calculation. One takes the
Asset Disposals: Which Expenses can be Offset for CGT Purposes? Read More »
Writing Off a Director’s Loan
Being a separate legal entity, the money within a company’s bank account belongs to that company, not the owners or directors. Tempting though it is
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Does VAT Apply to Cosmetic Treatments in the UK?
Are you wondering whether the value-added tax (VAT) applies to cosmetic treatments? If so, read this blog till the end for complete information. If you
Does VAT Apply to Cosmetic Treatments in the UK? Read More »
Investing in Yourself!
As a business expands or undertakes new projects, it may need injections of capital to fund its trading activities. Although the enterprise investment scheme (EIS)
Investing in Yourself! Read More »
Is the ‘Bogeyman’ Made of Straw?
Many readers will no doubt remember the ‘good old days’ when you could wind up a company, pay capital gains tax at only 10% on
Is the ‘Bogeyman’ Made of Straw? Read More »
Late Returns: The Four-Year Cap
VAT returns and payments should be submitted to HMRC no later than seven days after the end of the month following the end of the
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HMRC Warns Against Dividend Diversion Scheme
While it’s common for family and owner-managed companies to spread shares among relatives for various benefits, HMRC warns against dividend diversion scheme. Such arrangements may
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Do We Need to Register for VAT?
If you make VATable supplies, you will need to register for VAT if your taxable turnover reaches the VAT registration threshold. The VAT registration threshold
Do We Need to Register for VAT? Read More »