Newsletters
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Recovering underclaimed input tax
VATYour business has incorrectly failed to claim input tax on a particular expense for five years. You know it can only be corrected for four years to comply with the legislation, but are you aware of a potential three-month extra claim in some cases?
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Double up on the employment allowance
Business TaxYou’re the sole shareholder of a limited company which employs several members of staff. You’re working on plans to start another business with an ex-colleague. Can both businesses benefit from the full employment allowance (EA)?
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Dodging tax and NI on 2025/26 benefits
Business TaxIf you had taxable benefits in kind in 2025/26 then you’ll have to pay income tax on the value. Your company also has to pay 15% NI. Now the tax year has passed is there any way you can reduce or eliminate this tax liability?
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Selling spare items to your company
Business Tax, Personal TaxYou’re short of cash but if you use the traditional methods to take more money out of your company you’ll pay higher rate taxes. Is there another way to extract profits without paying income tax or NI?
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No such thing as a (tax) free lunch?
Personal TaxYou run a small consultancy company and treat your staff to lunch in the office once a week. Your bookkeeper says it’s a taxable benefit in kind because staff lunches are only exempt if they are provided in a workplace canteen. Is this correct?
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Could a special method increase your profits?
VATYour business has used the same partial exemption method for many years. Is it time to consider if a different method will improve your input tax recovery?
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