Tax Latest News

Company Can Reclaim VAT on Director’s Legal BillsMay 30, 2019

Companies understandably may wish to provide financial as well as moral support to their directors if they are facing litigation. However, the issue of whether...

Company Director Banned for Ignoring Obligation to Pay TaxMay 12, 2019

Directors of struggling companies all too often place payment of tax at the bottom of their priority lists, with the result that it is the...

Digital Filing – Bar Set High for Opt-OutMarch 12, 2019

The 'making tax digital' project will require VAT-registered businesses to submit their VAT returns online from 1 April 2019 and to use accounting software that...

Does Your Business Owe the Tax Man?February 21, 2019

If your business is struggling to meet VAT and other tax payments on time, take advice quickly. The decision by the Government to restore 'Crown...

Does a Director Need to File a Tax Return?February 1, 2019

There is a widespread belief that every UK company director has to file a tax return. Indeed, the Government's own website suggests that being a...

Tax Articles

Brief Guide to the Administration of Troncs

The long-running series of disputes between employers in the hospitality industry and HM Revenue and Customs (HMRC) concerning the taxation of employees’ tips and their...

Employed or Self-Employed?

Whether you are employed or self-employed makes a substantial difference to how you are taxed and the income tax liabilities of an employed person can...

Entrepreneur’s Relief – the Basics

From 6 April 2008 disposals of qualifying businesses and business assets have been eligible for Entrepreneurs’ Relief. In simple terms, it allows business owners to reduce...

Guide to IHT and Small Business

Inheritance Tax (IHT) is payable on a deceased person’s estate (exclusing their principal private residence for whaih an extra allowance is available) at 40 per...

How to Reclaim Foreign VAT

It is commonly thought that within the EU, recovering VAT on expenditure made whilst abroad is merely a matter of calculating the VAT at the...