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?

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 […]

Tax Relief for Buying Equipment for your Business

Published on January 31, 2012 By admin

Strict rules apply in order to limit tax deductions that employees and directors can claim for work related expenses. The rationale behind tax deductions is that they must be incurred as part of doing the job, but there are exceptions, such as loan interest. Therefore you need to make sure as to what are the […]

Intensified Crackdown on Offshore Tax

Published on December 15, 2011 By admin

The government in its latest move on hunting for offshore tax evading companies have intensified its effort in bringing the culprits to book.. The unit dedicated for this endeavour is the Offshore Co-ordination Unit of HMRC. Its duty is to scrutinise extra information of UK taxpayers with money abroad.