New tax rules may result in final distribution of funds on closure of a company being taxed as dividends instead … Read More
The Enterprise Investment Scheme (EIS) and the recently introduced Seed EIS provide generous tax breaks for investors who subscribe for … Read More
Furnished Holiday Lets – tax advantages There are various tax advantages to a letting being a Furnished Holiday Let (FHL) … Read More
Until 5 April 2016 landlords who were letting residential property fully furnished could claim a 10% of rents as an … Read More
Child Benefit stops on 31 August on or after your child’s 16th birthday. Full details from HMRC are here.
Advisory Fuel Rates from 1 September 2016 When calculating the VAT element of mileage payments, these rates apply from 1 … Read More
VAT on costs can only be claimed in so far as the costs are attributable to taxable supplies. A recent … Read More
HMRC have taken to naming and shaming those not paying the full national minimum wage. If you are a sole … Read More
The tax free perks we see most often used by small business owners are pensions, child care vouchers, mobile phones, … Read More
HMRC have issued some further details on their making tax digital strategy. Partnerships, sole traders, self-employed and landlords with turnover … Read More