Business losses for a sole trader or partnership may be utilised in various ways. Firstly losses can be set against … Read More
In a recent tax case HMRC proved that a trader claiming to operate through a limited company was actually trading … Read More
The following rates can used for fixed rate mileage: Car or van First 10,000 business miles 45p Additional … Read More
HMRC have recently won a tax tribunal case where they were seeking to challenge the deduction for a wife’s wages … Read More
HMRC has updated its guidance the intermediaries legislation (IR35) to clarify that the IR35 rules may apply if an agency, … Read More
The queues when trying to contact HMRC by phone are often very long so this can be a frustrating and … Read More
The Government has responded to pressure from accountants and other interested parties and announced the delay of Making Tax Digital … Read More
From 1 April 2017 company losses carried forward to future periods will be available for offset against profits more flexibly … Read More
Many companies are still missing out on valuable tax breaks for expenditure on research and development (R&D). HMRC have recently … Read More
The government plan to reduce significantly the taxable benefit on the provision of low CO2 emission cars from April 2020. … Read More