Self-employed individuals will be able to pay their Class 2 NIC contributions through self-assessment alongside their income tax and Class … Read More
Anyone with an open enquiry (or appeal) concerning a tax avoidance scheme may be issued with follower notices and accelerated … Read More
The Office of Tax Simplification is seeking to make the current tax rules for dealing with travelling and subsistence claims … Read More
Remember that a business registering for the flat rate scheme for VAT is eligible for a 1% reduction from their … Read More
For individuals, it remains the case that interest is not taxed on an accruals basis, but is only taxed when … Read More
Relocation packages provided by an employer will not normally be liable to tax provided that the employee’s relocation is permanent.
Choosing a flat rate scheme category Deciding on the category for “business activity” when registering for the flat rate scheme … Read More
A recent VAT tribunal case illustrates how important it is to take proper advice on a business sale. The Ryford … Read More
If you have made a loan to your business you should consider paying interest on the loan, as this will … Read More
There are currently two very generous tax breaks for companies involved in research and development (R&D) , particularly those that … Read More