Tax

Article: Common VAT Problems

Common VAT Problems Once you understand the basics, VAT is reasonably straightforward. But there are some areas where it is easy to make mistakes. These can lead to stringent penalties, and ignorance is no defence. In this briefing, we assume you...

Article: Company Car Tax Guide

Company Car Tax Guide If you make a car available to your employees and it is available for private use (including commuting), your employees have to pay tax on the benefit of this. In the same way, they have to pay tax if you...

Article: Company Cars and Tax

Company Cars and Tax Company cars are one of the most popular employee benefits. Altogether, more than one million UK directors and employees drive company cars. Of these, half receive free fuel for private use. Successive governments have increased...

Article: Company Van Tax Guide

Company Van Tax Guide There is a tax charge where, because of their employment, a company van is made available to a director or an employee earning £8,500 a year or more, or to a member of their family or household, and the...

Article: Corporation Tax

Corporation Tax Corporation tax is the tax paid by companies on their profits. Unincorporated organisations (such as clubs and societies) also pay corporation tax, if they have taxable income. Partners in both traditional and limited liability...

Article: Tax and NI

Tax and NI This briefing provides an introduction to the taxes most likely to affect your business. The sooner you set up systems for maintaining your records, and the better you keep them, the less money you will need to spend on professional help in...

Article: Tax and NI

Tax and NI Anyone starting up a small business needs at least a basic knowledge of tax. For the details, speak to a tax expert. A genuine expert should be able to save you much more in tax than the cost of the fees, as well as sparing you effort, time...

Article: Tax Doesn’t Have to be Taxing; But it is…

Tax Doesn’t Have to be Taxing; But it is… Small Business News 2nd March 2010 Low corporate tax knowledge is making the tax system inefficient, says new ACCA research Her Majesty’s Revenue and Customs (HMRC) spends a lot of...

Article: VAT

VAT As VAT (Value Added Tax) has the potential to impact on every business transaction it should not be ignored. This is especially so given most businesses will have no choice but to register for VAT once their sales reach £68,000 a year. Therefore ...

Article: VAT Inspection, Dealing with a

Dealing with a VAT Inspection Any business registered to pay VAT will have to deal with a VAT inspection at some point during the first three years of registration. However, late payers and payment defaulters will be visited more frequently. After...