Frequently asked Question Tag

Q. I run a restaurant and employ a lot of part time staff. I've heard I've got to exclude their tips from their wages when calculating whether I am paying the National Minimum Wage (NMW). Is this true? A. No immediate action is required on this. Yes, the...

Q. I am about to sell a trailer that has been used by my VAT registered business for a few years. Do I have to add VAT to the price? A. As your business is VAT registered you must add VAT to anything you sell, whether it's...

Q. I deal in small electronic goods such as Sat Navs, CD-players and DVD players. I heard there was something in the Budget that could affect my business. Can you explain please? A. This is to do with special powers the VATman has to demand from you...

Q. I run a building company and need to take on a self-employed worker. He doesn't have his own van and so I've offered to provide him with one as a van is needed for him to do the job. What's the tax position on that?
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