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Limited Company
A new company is asking for a payment of £320. should I pay this fee?
Last updated: 14 October 2026 Do you have to pay a fee to register your company on a VAT registry? No. VAT registration with HMRC
Benefit in Kind on Purchasing Car Via Company
Last updated: 16 October 2026 What is the benefit in kind if you buy a car through your company? If your company buys a car
Change Company’s Year End
Last updated: 16 October 2026 Can you change your company’s year end? Yes. You can change your company’s accounting reference date (year end) by filing
Company Accounts & Tax Return were Returned. What Exactly Happened?
Last updated: 16 October 2026 Why were your company accounts or tax return returned or rejected? Companies House rejects accounts that don’t meet its requirements,
Does it Matter if the Employee Bought the Pay-as-You-Go Phone?
Last updated: 14 October 2026 Does it matter if the employee bought the pay-as-you-go phone? Yes. The tax exemption for mobile phones only applies where
Is it Right to Tax Driving Instructor for Taxable Car Benefit?
Last updated: 18 October 2026 Should a driving instructor be taxed on a car benefit? Usually yes, if the instructor is an employee and the
Is There A Problem With The Minimum Wage Legislation?
Last updated: 14 October 2026 Is there a problem with the minimum wage rules? The main problem for employers is that it’s easy to underpay
My company can pay up to 1/3 of my gas bills tax-free, is that true?
Last updated: 16 October 2026 The question My energy bills have soared since I started using a room in my home as the base for
Should I Buy My Car Through My Limited Company?
Last updated: 18 October 2026 Should you buy your car through your limited company? For an electric car, often yes. For petrol and diesel cars,
Should I Lend my Mate the Cash or Buy Shares in New Company?
Last updated: 14 October 2026 Should you lend your friend money or buy shares in their new company? It depends on the risk you want
Should I wait until the new tax year or start the process now?
I want to close down my consultancy company and pay the funds it holds to me as the only shareholder. Should I wait until the
Starting a new company. Will it qualify for the NIC exemption?
I’m thinking of starting a new company. Will it qualify for the NIC exemption? It depends on where your business is based. Businesses in the
Training cost allowable expense
Last updated: 16 October 2026 Can a new company claim relief for training costs? Usually, yes. A limited company can deduct the cost of training
VAT on buying goods from EU
Last updated: 14 October 2026 How does VAT work when you buy goods from the EU? Since 1 January 2021, goods bought from the EU
VAT on Disbursements
Last updated: 14 October 2026 Do you charge VAT on disbursements? Not if they’re genuine disbursements. A disbursement is a cost you pay on your
VAT on Purchase of Services from EU & Outside EU
Last updated: 14 October 2026 How do you account for VAT on services bought from the EU or outside the EU? For most business-to-business services
VAT on sales of goods to EU Countries.
Last updated: 14 October 2026 Do you charge VAT on sales of goods to EU countries? Not usually. Goods sent from Great Britain to EU
VAT on Sales of Services in EU & outside EU
Last updated: 14 October 2026 Do you charge VAT on services sold to customers in the EU or outside the UK? For most services sold
What Expenses Can i Claim for Business?
Last updated: 19 October 2026 What expenses can you claim for your business? You can claim costs that are incurred “wholly and exclusively” for your
What is a Limited Liability Partnership?
Last updated: 14 October 2026 What is a limited liability partnership? A limited liability partnership (LLP) is a business structure that combines the limited liability