Tag Archive

The Best Approach to Invest Your Company Money?

Published on February 25, 2013 By admin

A tribunal recently considered a case relating to tax consequences of a director investing company money in his personal bank account. The judgement was nt in favour of the company director. But does this mean that it is something illegal?

HMRC Loses Battle over NI on Car Allowances

Published on January 16, 2013 By admin

A recent court decision ruled that HMRC was wrong to charge national insurance on round sum car allowances. But HMRC is unlikely to offer a refund where you’ve overpaid, what steps do you need to take to get your money back?

Five Tips to Cut Your Tax Bill

Published on January 4, 2013 By admin

If you take into consideration the amount of tax you have paid over the years in various forms, you may look back and find areas where you could have saved money. According to a tax expert, there are 04 things that you should do in order to reduce your tax burden..

Autumn Statement; Government Borrowing and Spending

Published on December 14, 2012 By admin

The autumn statement outlined key measures on the government borrowing, infrastructure and housing. Some of them are outlined below. Government Borrowing Point at which debt predicted to begin falling delayed by a year to 2016/17. Deficit forecast to fall this year, as is cash borrowing. Deficit to fall from 7.9% to 6.9% of GDP this […]

Business Record checks by HMRC

Published on November 28, 2012 By admin

HMRC’s decision to commence business record checks has not been greeted with complete enthusiasm. According to the Chartered Institute of Taxation, there will be many problems of interpretation. It also makes the serious point that HMRC still intend to charge penalties in year, where their power to do this is at least doubtful.

Implications of Cash Accounting for VAT

Published on October 26, 2012 By admin

VAT done based on cash accounting offers benefits to small businesses, However, this will only be momentarily. When your turnover reaches the limit you’ll have to leave the scheme. The cash accounting scheme is a simple way for businesses to improve their cash flow. It allows you to defer accounting for VAT until the quarter […]

How to Take Your Tax Complaint to the Next Level

Published on October 24, 2012 By admin

If you think that you were not correctly advised on your tax affairs or a relating tax investigation and HMRC refuses to accept, this makes the matters worse. Will this be the end of your tax investigation? And are you liable completely for the wrongdoing? Are there any steps for you to pursue justice? Keeping your […]

Get Tax Deduction for Having a Website

Published on February 17, 2012 By admin

Having a website is almost a necessity for any business, but setting one up and maintaining it can be expensive. This article explains as to whether you can get can tax exemptions for developing and maintaining a website. Most businesses can claim a 100% tax deduction for some of the cost of setting up a […]